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The European Commission today published its 2025 Annual Report on the Protection of the EU’s Financial Interests (PIF Report), introducing for the first time a comprehensive assessment of the entire anti-fraud cycle and setting out the next steps to strengthen the protection of the EU budget. CLICK HERE to read this article and more on …
A comprehensive alphabetical ordered list of fraud types, including cybercrime: 419 emails and letters: When a stranger contacts you and asks you to pay an admin fee to help move a large amount of money from one country to another with the promise you’ll be rewarded with a cut of the cash later on. Abuse …
Technical support scams involving the impersonation of Microsoft are on the rise. Victims may encounter a fake Microsoft pop-up alert on their computers, urging them to call a “technical support” number starting with “3”. After calling the number, victims may be transferred to a “police officer” who would claim that they are involved in money …
NAVIGATING GLOBAL CYBERCRIME: HOW TO REPORT ONLINE FRAUD AND PROTECT YOURSELF In today’s interconnected digital landscape, online fraud, scams, and cybercrimes have evolved into global enterprises. Criminals exploit borders, using sophisticated phishing techniques, identity theft schemes, and digital extortion to target unsuspecting victims worldwide. When an incident occurs, knowing where to turn can feel overwhelming. …
The Financial Sector Conduct Authority (FSCA) hereby informs the public that it is currently conducting an investigation in respect of the persons listed below (investigated parties): The Grand Trading (Pty) Ltd (The Grand Trading), an authorised financial services provider (FSP) with FSP No. 53871. The Grand Trading is not an authorised over-the-counter derivative provider; Mr …
Fraud follows growth. Every new campaign, market and bonus program expands the surface it feeds on, and when the losses start eating into margins, the first instinct is to do two things at once: launch more campaigns to address the losses and hire more analysts to handle the larger workload. That instinct feeds the problem. …
Licensed payment service providers in the Philippines are discovering that having a fraud management system is no longer optional: it is a condition of continued operation. The Bangko Sentral ng Pilipinas has made this explicit through Circular 1160 and its successor frameworks, including the Anti-Financial Account Scamming Act, and it is now examining institutions against …
Getting a MAS license is not the finish line. For payment service providers (PSPs) and licensed fund managers in Singapore, it is the point at which the compliance obligations become more specific, more testable and more actively examined by the Monetary Authority of Singapore. The Payment Services Act sets out the requirements for licensed PSPs. …
Fintech payment service providers in Indonesia operate under a licensing framework that becomes significantly stricter the moment they seek to expand their payment scope. Bank Indonesia issues PJP licenses across three categories, and moving from category 3 to category 2 triggers mandatory fraud management system, eKYC and AML requirements that must be evidenced, not simply …
The European Anti-Fraud Office (OLAF), with the endorsement of the European Commission, has decided, to second Ms Salla Saastamoinen to the University of Helsinki, Finland, effective 16 September 2026. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range of programmes and projects which …
76% of US firms experienced payment fraud in 2025, despite most already running some form of transaction monitoring. The technology exists. It’s the configuration that tends to break down. Fintechs feel this more than most. Rules get shipped fast and tuned slowly — the default when fraud teams are lean and transaction velocity is high. …
93% of lenders report credit-loss impact from fraud in 2026, and 61% identified synthetic identity fraud as the fastest-growing threat they face, despite most already running dedicated origination controls. The technology exists — what’s missing is coverage of the full borrower lifecycle. Most lenders invest heavily in application-stage controls and assume that once a loan …
OLAF can reveal it was involved in an operation that succeeded in dismantling two international organisations based in Spain, involved in the manufacture, distribution and trafficking of counterfeit tobacco products. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range of programmes and projects …
The European Anti-Fraud Office (OLAF) has successfully traced and analysed a cross-border trafficking route used for the distribution of more than 200,000 counterfeit condoms in Europe. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range of programmes and projects which improve the lives …
A legitimate player signs up in under a minute, and so does a fraud ring running 400 accounts off a single device farm. Registration is the one moment you see both before any money moves, yet most iGaming stacks barely look. By the time a bonus abuser triggers a withdrawal alert, you have already paid …
The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with an individual using the name Thapelo Mokoena (Mr Mokoena) purporting to be a representative of Alpha Wealth (Pty) Ltd (Alpha Wealth), an authorised Financial Services Provider (FSP 13808). It has come to the FSCA’s attention that Mr …
The Financial Sector Conduct Authority (FSCA) has provisionally withdrawn the licence of Mixirite (Pty) Ltd FSP 52110 (Mixirite). The FSCA is concerned that there is a real risk of harm to clients and/or the general public if Mixirite continues its operations as a financial services provider. The provisional withdrawal is based on preliminary investigation findings …
The European Anti-Fraud Office (OLAF) and the European Union Intellectual Property Office (EUIPO) brought together customs authorities, international organisations and industry experts to combat counterfeiting in transportation systems, critical infrastructure and communication networks. CLICK HERE to read this article and more on OLAF. What is OLAF? The European Union budget finances a wide range of …
Waiting for a payout alert to investigate mule account fraud means intervening one stage too late. By that point, the account had passed KYC, built a transaction history and, in many cases, changed its registered identity after onboarding, each of which produced signals that went unread. Every mule account follows the same lifecycle: registration, identity …
Artificial intelligence is making fraud increasingly sophisticated, making the credibility and integrity of underlying data a critical factor in effective fraud prevention. According to Samenthrie Govender, organisations must combine trusted data sources, robust governance, human oversight and intelligent technology to strengthen verification and reduce fraud risk. Artificial intelligence is not just changing how fraud is …