All posts tagged "fraud"
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54Fintech / RegtechFSC Korea to Create Policy on Use of AI in Financial Services
The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.
April 15, 2021 -
336AML / KYCHong Kong to Allow Companies to Conceal Director Identities
The proposal will hamper the ability of investors, banks, property agents, researchers and journalists to carry out due diligence on transactions and counterparties.
April 3, 2021 -
114EnforcementSG Police to Lay 23 More Charges Against Hin Leong Founder
The new charges could not be tendered against Lim Oon Kuin on Monday because the 78-year-old said he was unwell.
March 30, 2021 -
329AML / KYCMAS Offers New AML/CFT Guidance for VASPs
MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.
March 29, 2021 -
116Capital RegulationCBIRC Probes Reveal 19,900 Shareholder Violations at Rural Banks
Over 70 percent of the violations have so far been resolved; 281 institutions were fined a total CNY 150 million; 711 shareholders were fined CNY 20.4 million.
March 23, 2021 -
332AML / KYC
Singapore Police Issue First Charges in Nickel Trading Fraud Case
At least SGD 1 billion was invested for the purported sale and purchase of nickel, making the case one of the largest financial fraud cases in Singapore.
March 23, 2021 -
197ChinaCSRC Fines Fund Manager ¥1.1m for Fraud, Embezzlement
Cornerstone Capital's controlling shareholder was also fined for fabricating the financials of funds managed by the firm.
March 17, 2021 -
530AML / KYCAddressing Financial Crime Through Data-driven Compliance
Given the rapid growth of digital technologies in financial services, the most effective way to defeat financial criminals today is to 'follow the data', says SWIFT's Heather Lee.
March 13, 2021 -
114AML / KYCHK Court Sentences Two for Mortgage Fraud, Money Laundering
A ICAC investigation found that two former employees of a law firm defrauded licensed money lenders of mortgage loans totalling HK$20mn.
March 13, 2021 -
132EnforcementICAC Charges Former AIA Employees for Fraud
A former district manager and former insurance agent jointly face three counts of fraud for allegedly deceiving AIA into paying them commissions for three insurance policies.
March 11, 2021
