The What the Fraud Summit 2025, happening on November 19 and 20, at Andaz Singapore, will carry collectively main professionals from the fintech, cryptocurrency, know-how, and compliance sectors to discover evolving fraud tendencies, regulatory shifts, and future-proof methods to guard companies and customers from cyberthreats and fraud.
Hosted by identification verification specialist Sumsub, the inaugural occasion will welcome greater than 500 trade leaders and practitioners for 2 days of targeted discussions, hands-on workshops, and collaboration. It can tackle a few of the hardest challenges in fraud prevention, AI safety, regulatory shifts, and compliance, uniting regulators and trade to develop coordinated methods.
The What the Fraud Summit 2025 will open on November 19 with Workshop Day, that includes three expert-led classes by Sumsub executives. These classes will permit members to realize certifications and apply real-world abilities by means of stay demonstrations, case simulations, and interactive workout routines.
The primary session, “Contained in the Fraud Kitchen: Cooking Up Fashionable Scams”, will take a better take a look at a few of the most subtle fraud ways making waves at present, together with deepfakes, solid paperwork, impersonation throughout verification, and account takeovers. Contributors will get to see precisely how these schemes work with a stay deepfake demo, and dive into interactive workout routines to identify faux paperwork and deepfakes, adopted by a hands-on investigation.
The second session, titled “Easy methods to Create Smarter KYC Journeys”, will discover what it takes to design a wise, safe, and user-friendly onboarding course of. It can begin with the speculation, strolling by means of greatest practices that steadiness fraud prevention, velocity, and conversion, to then transfer on with a sensible problem: constructing an onboarding circulation with outlined logic, validation guidelines, and consumer expertise optimizations.
Lastly, the third session, “AML Investigations and Case Administration: Detection, Triage, SOF/SOW Checks”, will stroll by means of the total anti-money laundering (AML) investigation course of step-by-step, from recognizing uncommon exercise and detecting anomalies to triaging alerts, creating instances, and gathering vital data from paperwork, transactions, and fee strategies. This session will cowl key checks like supply of funds and supply of wealth, submitting suspicious exercise studies, and preserving correct information, in addition to ongoing monitoring and updating threat classifications.
The Fundamental Summit Day, on November 20, will characteristic keynotes and panel discussions anchored on 4 core pillars:
- Synthetic intelligence (AI) and fraud: Understanding AI-driven scams and protection methods.
- Digital identification: Securing identities whereas sustaining accessibility and compliance.
- Compliance: Navigating new regulatory landscapes, threat intelligence, and monetary crime prevention.
- Fintech: Addressing cross-border transactions, innovation in fintech, and rising rules in crypto.
Subjects will embody the way forward for digital funds, overlaying real-time funds, cell wallets, embedded finance, and central financial institution digital currencies (CBDCs), amongst different themes; the position of adaptive threat scoring and improvements driving real-time fraud prevention; the rise of AI brokers in trendy fraud schemes and rising challenges in identification verification and authentication; the crypto regulatory panorama in Asia-Pacific (APAC); and the rise of fraud-as-a-service operations throughout APAC and rip-off factories.
Audio system will embody:
- T Raja Kumar, President, Monetary Motion Process Drive (FATF) 2022-2024
- Lawrence Chan, Group CEO, NETS
- Dr. Lawrence Wee, Director, Enterprise and Ecosystems, IMDA
- Man Sheppard, Head of AI Technique and Adoption, Commonplace Chartered Financial institution
- Vincent Mok, Group Chief Danger Officer, GXS Financial institution
- Chee Keong Teo, Affiliate Associate, Asia-Pacific, Assurance Blockchain, EY
- Claudia Hui, Head of Compliance, Singapore, Revolut
- Karthik Ramanathan, AP Head of Community Providers, Mastercard
- Varun Srivastava, Head of Cyber Safety Operations, APAC, UBS
- Caryn Leong, Regional AML Director, APAC, ACAMS
The lineup will even characteristic senior leaders from organizations together with AWS, London Inventory Change Group, Coinbase, TRM Labs, Belief Financial institution, and Wirex.
Past the workshops and classes, the What the Fraud Summit 2025 will provide networking alternatives with leaders shaping the way forward for fraud prevention and compliance, offering a premier platform for trade professionals to forge significant enterprise connections.
APAC’s escalating fraud risk
The inaugural What the Fraud Summit comes at a time when APAC faces rising publicity to monetary crime. In accordance to Sumsub’s current 2025 International Fraud Index, APAC is now the epicenter of vulnerability, rating fourth globally in fraud publicity, and trailing Europe, the Center East, and the Americas.
Particularly, main digital economies, together with Singapore, Malaysia, and Japan, are experiencing a surge of fraud, recording important declines of their fraud safety rankings. This reveals a widening hole between fast digitalization and efficient fraud defenses.
Most notably, Southeast Asia is rising as a hotspot for large-scale on-line scams. Throughout the area, felony networks function “rip-off factories” that use romance and funding schemes to defraud victims on an industrial scale. These conducting the scams are sometimes trafficked international nationals, trapped and compelled to hold out on-line fraud beneath risk of torture.
Earlier this week, the US and the UK introduced sanctions focusing on considered one of these networks working unlawful rip-off facilities. The US imposed sweeping sanctions on 146 targets inside the Prince Group Transnational Prison Group (Prince Group TCO), a Cambodia-based community led by Cambodian nationwide Chen Zhi that operates a transnational felony empire by means of on-line funding scams. The US additionally reduce off Huione Group, one other Cambodian monetary conglomerate, from its monetary system for laundering billions in proceeds of digital forex scams and heists on behalf of malicious cyber actors.
US losses from on-line funding scams have surged lately, exceeding US$16.6 billion thus far.

Fintech Information readers are entitled to an unique 15% low cost. Merely comply with this hyperlink, and the promo code can be utilized routinely.
Featured picture: Edited by Fintech Information Singapore, primarily based on picture by EyeEm by way of Freepik