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Cybercrime

Singapore is taking an aggressive step in its fight against digital fraud: convicted scammers will soon face long-term bans on accessing banking services and even mobile phones. The new rules aim to cripple organized scam networks by cutting off their ability...
Over the weekend, Thailand’s anti-scam blitz jumped from policy to people’s wallets: millions of bank accounts were reportedly frozen as authorities hunted “mule” accounts used by fraud syndicates, leaving SMEs and households unable to move money. (Cointelegraph; Bangkok Post; Thai...

US Banks Facilitated $312 Billion in Suspicious Transactions Linked to Chinese Money Laundering Networks

According to a FinCEN advisory, U.S. banks processed approximately $312 billion in suspicious transactions between 2020 and 2024, tied to Chinese money laundering networks (CMLNs). These operations frequently serve...

Revolut Alerts Russian Users Over Sanctions Risk—Prompted by The Bell Investigation

Following an investigation by The Bell, the European digital bank Revolut has started sending warnings to users with ties to Russia—emphasizing that transfers from sanctioned Russian entities are strictly prohibited....

EBA Sounds the Alarm: Fintech Faces Rising Money Laundering Risk

The European Banking Authority (EBA) has issued a sharp warning: money laundering risks in the fintech sector are rising fast, and regulators aren’t keeping up. In its latest Opinion...

$17 Million Stolen in TikTok ATM Scam — A Warning About Virality, Vulnerability, and Unregulated Influence

A social engineering scam that spread like wildfire on TikTok has led to over $17 million in stolen funds across multiple U.S. states. The...

UK Fraud in 2025: The Arms Race Between Criminal Innovation and Corporate Resilience

In 2025, UK businesses are facing an escalating wave of financial crime — from AI-powered identity fraud to surging SIM swap attacks. And while...

US Treasury Sanctions Alleged North Korean IT Operative for Crypto Fraud

The United States Treasury has imposed new sanctions on a North Korean national accused of using false identities to gain employment at U.S. firms...

$73 Million Drained: Iran’s Nobitex Becomes the Latest Crypto Exploit Target

The crypto industry has witnessed another major security breach. Nobitex, Iran’s largest cryptocurrency exchange, has reportedly suffered an exploit leading to the theft of over $73...

The Paddle Scandal: The Scareware Facilitator Slapped by US FTC

On 16 June 2025 the U.S. Federal Trade Commission (FTC) entered a stipulated order requiring Paddle.com Market Limited, the London-based “merchant-of-record” payments platform serving...

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