Fraud, Scams & Cybercrime

Korea Probes KRW 100 Billion Loan Fraud at Savings Banks

01/05/2026

The regulator has launched an industry-wide inspection after two savings banks were defrauded using fake auto parts invoices.

Sustainable Finance

Thailand Launches Green Transition Finance Scheme for Hotel Sector

01/05/2026

The central bank, government agencies and nine commercial banks have launched a new programme offering financing and technical support to help hotels meet sustainability standards.

Credit Risk

China Intensifies Pressure on Credit Rating Agencies Over Inflated Ratings

01/05/2026

Regulators have held a series of meetings with domestic and foreign rating agencies to address rating quality issues in the country's bond market.

Data Privacy

Japan’s FSA Orders MetLife to Report on Data Breach Scandal

01/05/2026

The regulator has demanded a full report from MetLife Japan after its seconded employees improperly took customer data from several partner banks.

Market Abuse

FSC Korea Refers New Crypto Manipulation Cases to Investigators

01/05/2026

Regulators have referred two cases of alleged market manipulation to investigators, involving 'pump and dump' schemes and the misuse of borrowed trading account API keys.

Structural Regulation

Hong Kong Gazettes Commencement Notice for Paperless Securities Regime

01/05/2026

The commencement notice formalises 16 November 2026 as the launch date for Hong Kong's uncertificated securities market.

Anti-Money Laundering

FSS Korea Imposes New Rules on Payment Gateway Virtual Accounts

01/05/2026

Payment gateway firms will be required to conduct customer due diligence and monitor merchants to curb money laundering and fraud.

Structural Regulation

China Targets Firms Using Financial Labels Without a Licence

01/05/2026

Regulators have begun publicly naming companies using restricted financial terms, ordering them to amend registrations or deregister as part of a broader crackdown.

Reporting & Disclosures

IFRS Foundation Formalises Standard-Setting Process for Sustainability Rules

01/05/2026

The IFRS Foundation has updated its rulebook to formally align the due process for both its accounting and sustainability boards.