Banks (Finance)
Sri Lankan banks have issued fresh warnings to customers about an increase in phishing scams targeting online banking users. According to notices released this week, scammers are sending links through emails and text messages that direct users to fake websites designed to steal personal and financial information. Authorities said the
Banks (Finance)
The city of Bhopal, in the state of Madhya Pradesh, has witnessed a disturbing trend of bank employees collaborating with cybercriminals in various fraud cases. A recent case from a private bank's branch in MP Nagar has brought to light the issue, where a bank manager was found
Banks (Finance)
The Central Bureau of Investigation (CBI) conducted raids on two locations in Mumbai, including the residence of industrialist Anil D. Ambani and the corporate offices of Reliance Communication Ltd. (RCOM), over an alleged Rs 2,929.05 crore bank fraud involving the State Bank of India (SBI). The searches stem
Banks (Finance)
Weixin Chen, a 33-year-old former bank manager from Chino Hills, has been indicted on bank fraud charges alleging he utilized multiple customers' home equity lines of credit and deposit accounts for his benefit, resulting in a loss to victims of several hundred thousand dollars. According to the indictment, Chen
Banks (Finance)
The Hong Kong Monetary Authority (HKMA) has issued a scam alert regarding fraudulent websites and internet banking login screens of several banks. The affected institutions include The Bank of East Asia, Limited, Shanghai Commercial Bank Limited, Chong Hing Bank Limited, OCBC Bank (Hong Kong) Limited, and Bank of Singapore Limited.
Banks (Finance)
The Central Bureau of Investigation (CBI) has registered a case against industrialist Anil Ambani and his company Reliance Communications Ltd. in connection with an alleged bank fraud that caused a loss of over Rs 2,929 crore to the State Bank of India (SBI). The CBI action comes days after
Banks (Finance)
Financial Crimes Squad detectives have charged three men in connection with a complex bank card scam that allegedly involved a postal service employee stealing bank cards from a mail delivery network and supplying them to organised criminals. The operation, known as Strike Force Rubi, was established to investigate the theft
Banks (Finance)
A Federal High Court in Abuja has ordered the temporary freezing of four Jaiz Bank accounts linked to former Group Managing Director (GMD) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kolo Kyari, as part of an ongoing fraud investigation. The Economic and Financial Crimes Commission (EFCC) had sought
Banks (Finance)
The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of Delaware, has filed a complaint against Aon plc, China Construction Bank, and their affiliates for allegedly engaging in fraudulent conduct that led to the collapse of Vesttoo. The complaint alleges that
Banks (Finance)
The Hong Kong Monetary Authority (HKMA) has issued a warning to the public about a string of phishing attacks targeting several major banks in Hong Kong. The affected banks include The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, and The Hongkong and Shanghai Banking Corporation. The scammers
Banks (Finance)
The National Financial Ombud Scheme (NFO) has reported a significant increase in digital banking fraud complaints, with a staggering 73% year-on-year rise from January to May 2024 and 2025. The surge in complaints reflects the growing adoption of virtual cards, which offer enhanced convenience and security but are not immune
Banks (Finance)
United States Attorney Lesley A. Woods announced the sentencing of Ronnie James Colvin, III, 22, of Omaha, Nebraska, for conspiracy to commit bank fraud, robbery, and brandishing a firearm during a crime of violence. Colvin was sentenced to 126 months' imprisonment, followed by a 4-year term of supervised release,
