Hong Kong and Mainland officials called for greater cross-border cooperation between law enforcement agencies to deal with cybercrime threats.
September 20, 2023The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.
August 17, 2023Police said the scheme involved a "maze-like criminal network" that used virtual assets to launder money overseas.
July 22, 2023Bank Identification Numbers (BINs) will be used to identify and block credit card payments. The ACMA will enforce the ban.
May 3, 2023Alipay removed more than 170,000 accounts linked to illegal activity, just days after the government issued guidance on combatting internet fraud.
April 26, 2022A new consultation paper proposes to exempt FIs that are already enrolled with AUSTRAC from registration on the DCE Register when offering digital currency exchange services.
March 16, 2022The National Police Agency and financial institutions will jointly establish a new platform that will allow real-time information exchange for use in combatting fraud.
March 1, 2022Suncity Group's Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal "live web betting platform" in the Philippines, targetting customers in mainland China.
December 5, 2021Criminal groups reportedly colluded with underground banks to launder money by disguising their illegal proceeds as payments for goods.
April 19, 2021