Fraud
Thai medical tycoon wanted for alleged fraud flees to China
THAI hospital tycoon Boon Vanasin, who allegedly lured some 7.5 billion baht (S$294 million) of investments in fake medical projects, has fled to China, prompting the police to issue...
Bankman-Fried’s ex-deputy Wang avoids prison time over crypto fraud
FORMER cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about US$8 billion from customers of the now-bankrupt exchange, was spared...
Social platforms, crypto exchanges can help fight money laundering and fraud, say Fintech Festival panellists
They add that the transboundary nature of financial crimes make data sharing between jurisdictions trickyA CALL went out on Thursday (Nov 7) for more industry sectors – specifically those...
Tax fraud investigators search Netflix offices in Paris and Amsterdam: source
INVESTIGATORS searched the offices of US streaming giant Netflix in France and the Netherlands as part of a preliminary investigation into tax fraud laundering, a French judicial source said...
Trafigura faces US$1.1 billion hit in Mongolia after fraud probe
Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business, according to people familiar with...
Trafigura facing US$1.1 billion hit in Mongolia after fraud probe: sources
Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business, according to people familiar with...
New real-time fraud surveillance duty for financial institutions; loss-sharing framework to begin on Dec 16
Rules require Fi’s and telcos to mitigate phishing scams, sets expectations of payouts for affected victimsFINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised...
US charges 18 people, companies with cryptocurrency fraud
THREE cryptocurrency companies and 15 people have been charged with engaging in widespread fraud and market manipulation following an investigation in which the FBI for the first time directed...
