Remove Authorization Remove Crime Remove Freeze Account
article thumbnail

OCBC and Singapore Police Freeze Over 300 Accounts, Seize S$1.8 Million

Fintech News

This activity hindered efforts to track and regulate the flow of funds, posing significant challenges for authorities in combating financial crimes. In response, ASC and OCBC collaborated to utilise in-house data analytic models and network detection tools to identify and freeze accounts exhibiting potential money mule behavior.

article thumbnail

Bitcoin Daily: Argentina Open To Crypto; eToro Launching In US; South Korea Fights Crypto Crimes

PYMNTS

And South Korea has launched a task force to combat crypto fraud and FinTech-related crimes. According to The Next Web , the move comes after South Korea saw an 800-percent increase in crypto crimes in the last three years.

Crime 46