First Line Fraudster: Frauds and Credit Line Scams

The Regulation Asia Podcast

First-party fraud has become a tough battle for banks and FIs to solve. To understand why first-party or “friendly fraud” is such a threat—and why it’s increasing—we need to examine how it flourishes. In this podcast episode, Regulation Asia co-founder Bradley Maclean speaks to Will Tully, Regional Head of Fraud (Wealth and Private Banking) at HSBC, to discuss the common tactics used by bad actors, the challenges banks face in dealing with first-party fraud and credit line scams, and the path forward to address these threats.

To hear more on this topic, you can also join us at Fraud & Financial Crime Asia 2023, taking place in Singapore on 13 July 2023. More details here: https://www.financialcrimeasia.com/.