In the current crisis, fraud is again rearing its ugly head. We have developed this site to provide you with practical advice and resource in preventing and responding to the increased threat of fraud.

For businesses, it is crucial to develop and maintain adequate fraud policies. This includes having in place internal monitoring and reporting mechanisms, insider threat policies and cybercrime detection systems.

Fraudsters are able to move money between countries in a matter of moments. It is therefore essential for Businesses to have a response plan which enables them to take a multi-jurisdictional approach to ensure appropriate action to freeze and recover funds is taken.

Recent updates which may be of interest

In times of crisis, incidences of fraud and dishonest behaviour invariably increase. The crisis caused by the outbreak of COVID-19 will be no exception. In recognition of this the UK Government has recently issued guidance.

The FCA are closely monitoring the coronavirus (Covid-19) situation and taking sensible precautions to make sure consumers are protected. Please read further via the FCA website. 

You may also find the following products helpful:

Insights

New tech, old tools, new horizons: The injunction against persons unknown – Getting to your cryptocurrency and other assets, stolen or lost!

April 26, 2022

Singapore: The dust has now settled on the landmark judgment of CLM v CLN [2022] SGHC 46, which reflects the adaptability of the common law. How do you deal with wrongdoers who have effectively masked their identities and whisked your valuable assets halfway round the world in a few minutes? How do you do so without causing collateral damage?

Scammed or hacked? Overview of common fraud techniques and the corporate response playbook (in Japanese)

June 11, 2021

Singapore: Scams and cyber attacks – it can happen to any corporate entity. Nobody is immune to scams and cyber-attacks. With the increase in scammers’ levels of sophistication, their targets have also increased in scale. Scammers even routinely target multinational corporates and banks which have far more robust defences and highly trained personnel than the average SME. As such, the authors seek to suggest a quick response playbook that companies can consider adopting and for determining their responses during a time-sensitive period when faced with such issues.

Scammed or hacked? Overview of common fraud techniques and the corporate response playbook

May 21, 2021

Singapore: Scams and cyber attacks – it can happen to any corporate entity. Nobody is immune to scams and cyber-attacks. With the increase in scammers’ levels of sophistication, their targets have also increased in scale. Scammers even routinely target multinational corporates and banks which have far more robust defences and highly trained personnel than the average SME. As such, the authors seek to suggest a quick response playbook that companies can consider adopting and for determining their responses during a time-sensitive period when faced with such issues.

View all insights for Fraud Prevention and Response Hub