Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.
March 2, 2023The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.
February 28, 2023Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.
February 10, 2023The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023The FSA's Daisuke Mamba and Hiroshi Ozaki discuss the regulator's approach to its AML/CFT inspections and recent work to develop shared AML systems for the industry.
January 10, 2023The 19-year-old is the second Singaporean youth to plead guilty for helping an overseas syndicate launder the proceeds from phishing scams against OCBC customers.
January 8, 2023Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.
December 23, 2022Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.
November 25, 2022INTERPOL Metaverse users can interact with other officers and take training courses. A new expert group will work to secure the metaverse from crime.
October 21, 2022An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.
October 20, 2022