The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.
December 13, 2022The former CFO used false financial statements to obtain loans for Agritrade International and its suppliers, causing over $469mn in losses for up to 12 banks.
December 13, 2022Project Pratima aims to introduce a uniform set of icons for basic payment actions and processes, curb fraud, and boost digital payments adoption.
December 9, 2022Former chief operating officer and former compliance officer of now-defunct Orani Rural Bank created fictitious loans by falsifying documents.
December 9, 2022A fake raffle webpage run by the police attracted nearly 300,000 visits in just two weeks, highlighting the surge of scam cases in Hong Kong.
December 4, 2022The BSP will be able to adjudicate cases involving financial transactions that are of civil nature and order reimbursements up to PHP 10 million.
December 4, 2022Under the planned rules, member banks would be responsible for certain fraudulent transactions made on the Zelle network, even if self-initated by the customer.
December 4, 2022Julius Baer improperly paid "corrupt" finder’s fees to a Yukos Group employee in exchange for business from the now-defunct Russian conglomerate.
December 3, 2022The 21 US citizens charged helped to move proceeds from US fraud victims to foreign criminal organisations using crypto.
December 2, 2022New arrest warrants are sought for co-founder Daniel Shin, as well as Terraform Labs investors and engineers.
December 2, 2022