Financial crime in the APAC region is no longer a collection of isolated incidents—it is an integrated, adaptive system where fabricated identities lead to fraudulent accounts and organized laundering. Criminal operations now use new technology for persistent, faster, and harder-to-detect attacks. Attackers have moved from crude forgery to convincing fabrication, leveraging AI-made deepfakes and synthetic identities that bypass traditional checks. This highly connected attack chain spans from victim acquisition to cross-border money laundering.
  • Selfie-vs-ID fraud is up 73% YoY, now representing 35.4% of regional fraud.
  • Synthetic identity fraud has jumped 142% in a single year.
  • Automated attacks are rising, indicated by a 388% increase in duplicate submissions year-over-year.
Read more to find out:
  • The devastating scale of schemes like romance scams and pig butchering, and how they leverage deepfake video and crypto rails.
  • What these integrated threats mean specifically for banks, lenders, payment providers, and marketplaces.
  • What leadership must prioritize to build their defenses.
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