All posts tagged "fraud"
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18Contributed ArticleFamily Offices Should Start Behaving Like Regulated Entities
Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.
July 30, 2021 -
45AML / KYCFSC Finds VASP Deposit Accounts Linked to Fraudulent Activity
Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.
July 29, 2021 -
79AML / KYCMAS to Review Liability Framework for Card Scams by Year-end
The Singapore police received 89 reports of fraudulent card transactions performed with SMS OTPs between September 2020 and February 2021.
July 28, 2021 -
207AML / KYCJapan Banks to Deploy Shared System for AML/CFT Monitoring
The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021 -
222AML / KYCHKMA Targets Effectiveness in Addressing AML, Fraud risk
HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
July 22, 2021 -
117AML / KYCSingapore Man Admits to Laundering Money in SkillsFuture Scam
A former Grab and Uber driver has admitted to playing the role of a "dummy director" of several shell companies involved in the SkillsFuture scam.
July 20, 2021 -
66IndiaRBI Grants In-principle Approval for PMC Bank Takeover
The RBI has given Centrum Financial Services in-principle approval to set up a small finance bank to take over PMC Bank.
July 16, 2021 -
171AML / KYC
Japan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
July 15, 2021 -
89AML / KYC
MAS, ABS Working to Improve Safeguards Against Scams – Reports
A task force has been set up to help Singapore's financial industry improve safeguards against scams and fraudulent transactions.
July 15, 2021 -
108AML / KYCMalaysia Files Suit Against KPMG Partners Over 1MDB Losses
The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021
