As artificial intelligence (AI) tools become increasingly popular, a surge of discussions about "AI-forged payment screenshots" has emerged on social platforms in the Philippines, raising widespread concerns. Users have tested and found that scammers can generate highly realistic transfer screensho
To effectively curb financial fraud and illegal capital flows, the Central Bank of the Philippines (BSP) has recently authorized regulated financial institutions to temporarily freeze suspicious funds for up to 30 days under specific circumstances. This key measure is introduced to implement the "An
Once hailed as a "trading prodigy," Chinese-American entrepreneur Mica Tan has recently been exposed for alleged illegal fundraising and is suspected of fleeing to the United States. Her founded MFT Group is facing a Ponzi scheme investigation, causing strong concern among investors, and the Philipp
Recently, the Enforcement Directorate (ED) of India announced that Harsatinder Pal Singh Hayer, the son-in-law of the late founder of Pearls Group, Nirmal Singh Bhangoo, has been formally arrested for his alleged involvement in a Ponzi scheme amounting to 480 billion rupees (approximately 41.6 billi
In response to the government's crackdown on various crimes, the National Bureau of Investigation Special Task Force (NBI-STF) in the Philippines, under the direct command of Judge Jaime B. Santiago, Ret., recently arrested 20 foreign nationals.These suspects are accused of violating Section 4(b)(1
The Thai government is intensifying its crackdown on cybercrime, with an administrative decree amendment draft aimed at combating cybercrime and protecting victims expected to be announced in February this year. According to Minister of Digital Economy and Society, Prasert Jantararuangtong, this new
The Association of Southeast Asian Nations (ASEAN) has committed to addressing the increasingly severe threats of transnational crime and cyber fraud in the region. At the ASEAN Foreign Ministers' Retreat held in Langkawi, Malaysia, officials discussed strategies to combat crimes such as human traff
Hanoi city police have just successfully cracked the largest online fraud case in history, freezing assets and exhibits worth over 5.2 trillion Vietnamese dong (approximately over 200 million US dollars).The famous TikToker Mr. Pips (real name Pho Duc Nam) has been indicted.Pho Duc Nam is identifie
According to Newswire from Sri Lanka: A gang suspected of online financial fraud was arrested in the Kandy area, involving 120 Chinese citizens. A police spokesperson stated that 15 computers and 300 mobile phones were seized from 47 rooms in a luxury villa in Kundasale, believed to be used for comm
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