Search Results for: Singapore

TEXT fraud is maybe more dangerous that email fraud, given the tendency for mobile phone users to respond to texts swiftly and without careful thought, cyber-security experts warn.

The Covid-19 pandemic has also created opportunities for fraudsters using texts and messaging services such as WhatsApp to launch fishing and other attacks on the unwary.…

GRAPHENE, a form of carbon, formed into a single layer of atoms arranged in two-dimensional honeycomb lattice, has been hailed as a super-material – highly conductive (heat and power), strong, stable, and absorbent of light and liquid. It is the latter quality that has caught the eye of the petroleum sector, with graphene being used to help clean up oils spills.…

Few countries could claim to have weathered Covid-19 well but Singapore, micro-managed and highly-educated, is high on the shortlist. Even so, Covid-19 has had a detrimental effect on the southeast Asian city state’s paints and coatings sector and its impacts continue to linger.…

Malaysia’s 1MDB scandal is one of the largest ever embezzlement and money laundering cases, with Malaysian courts considering how at least USD4.5 billion was stolen and then spent or laundered from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB). Former Prime Minister Najib Razak has now been convicted of charges associated with the scandal.…

THE ASIA-Pacific region, even one-party states such as China, have developed legal protections for whistleblowers, although the comprehensive protection more commonly found in Europe is still usually absent.

South Korea is one jurisdiction leading the pack on developing robust whistleblower protections.…

EY, (formerly Ernst & Young), the Big 4 accounting major accused of shortcomings over its audit of disgraced German card payments processor Wirecard, is rejecting blame for its failure to detect the fintech firm’s EUR1.9 billion (USD2.1 billion) fraud scandal before it expanded to such a size.…

Two former Iraq managers for Monaco-based energy major Unaoil were convicted July 13 in Southwark Crown Court, London of paying over USD500,000 in bribes to officials at the Iraqi South Oil Company to clinch a USD55 million contract for offshore mooring buoys.…

ACCESSING the dark web once demanded some computing expertise. But dark web search engines and browsers continue being developed, guiding potential users to this encrypted corner of the web where commercial criminals ply their wares and illicit businesses avoid taxes. How should legitimate companies react?…

New aspiring entrants to the AML/CFT and other compliance sectors will be hard hit regarding available jobs and related pay and conditions by the ongoing Covid-19 pandemic, according to international recruitment agency Randstad. Its Hong Kong director banking and financial services Rick Chung warned: “Similar to what we have witnessed during the global financial crisis, it will be challenging for fresh graduates to secure jobs during these extraordinary times.”…

Malaysia’s digital textile printing industry and market is growing at a steadfast pace, with local demand driven by regional designers and fashion brands, particularly when producing Islamic wear, such as scarfs and shawls.

However, the industry faces challenges securing enough orders to fully utilise its capacity.…