The Reserve Bank of Australia (RBA) has proposed the introduction of a digital identity scheme to combat rising fraud bills.
The Commonwealth Bank has blamed a “coding error” in its Intelligent Deposit Machines (IDMs) for alleged breaches of money laundering and terrorism laws.
The Hong Kong Monetary Authority has launched a 12-month pilot program tasked with enhancing the detection, prevention and disruption of serious financial crime and money laundering threats.
There has been a marked increase in bitcoin-based scams by fraudsters in the last few months that have been deemed inevitable as the cryptocurrency gains prominence.
NSW agencies are failing to tackle internal fraud, with insufficient use of data mining techniques, warns a November report by the auditor-general, Margaret Crawford.
A new product leveraging big data technology to detect abnormal transaction activities in the finance space has launched in Singapore’s finance market.
Inexperienced investors are increasingly becoming caught up in fintech scams, according to The Fintech 100.
The Australian Competition and Consumer Commission is warning businesses about email scams that impersonate the watchdog, and infect computers with malware.
The Australian Taxation Office is warning tax-payers to stay alert to online scams, or other unusual activity as tax returns gain momentum this month.
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