ASIC will target greenwashing, predatory lending and crypto investment scams, along with other "enduring" priorities involving misconduct and systemic compliance failures by large FIs.
November 7, 2022Seven perpetrators of a PHP 3 billion investment scam were sentenced to 20 years in jail each on top of financial penalties. Four others remain at large.
July 29, 2022The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.
March 24, 2022The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.
April 1, 2021The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.
March 31, 2021More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.
February 22, 2021