Users can report unfair trades, not just frauds and scams. Reporting process, investigation support and coordination to also improve.
January 30, 2024The SFC will explore potential connect initiatives with other markets, embrace tokenisation of traditional products, and introduce AI in its workflows.
January 24, 202428 banks in Hong Kong have already registered, completed testing, and will begin using Sender IDs from 28 January 2024.
January 23, 2024The global amount received by illicit cryptocurrency addresses in 2023 fell 39 per cent, while stablecoins accounted for 60 per cent of illicit transactions, revealed Chainalysis.
January 19, 2024RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.
January 12, 2024The adjudication award limit is set at SGD 100,000, however FIDReC says the number of claims exceeding this limit has risen in recent years.
January 10, 2024The scammers accuse victims of being involved in criminal activities before asking them to transfer money to designated "security accounts".
December 22, 2023The first phase of the new national Anti-Scam Centre is "now live", focusing on sharing information on money mules.
December 21, 2023The latest HAECHI operation resulted in nearly 3,500 arrests and the blocking of over 82,000 bank accounts linked to cyber-enabled scams.
December 20, 2023Collaboration is needed between regulators, law enforcement, and stakeholders in the broader online ecosystem like search engine operators and social media platforms.
December 18, 2023