singapore financial crime

Feb

Digital financial crime poses rising threat to Singapore

The Covid-19 pandemic has aggravated the threat digital financial crime poses to Singapore. Since the pandemic began, the city-state has experienced a surge in online loan, e-commerce and phishing scams. Since 2016, scammers have made off with S$965 million, according to a recent investigation by The Straits Times. A record…

Oct

Asia Banking Research

Singapore sees sharp rise in online financial crime

The digitization of life since the coronavirus pandemic began has made life more convenient in many respects. However, there is a downside to all of the digital activity: Criminals are now more active online than ever, and Singapore is no exception. The city-state known for its low crime rate –…

Nov

Asia Banking Research

Singapore steps up fight against financial crime

After banks in Singapore were ensnared in the 1MDB scandal, Singaporean authorities stepped up their fight against financial crime. Having strict anti-fraud and anti-money laundering controls in place to fraud is essential for Singapore to strengthen its status as a global financial center for wealth management and major fintech hub.…

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singapore financial crime