Cybersecurity

Korea: Relaxed Network Separation Rules to Benefit Only Seven Savings Banks

27/10/2026

Despite lowered thresholds set by the FSC, just seven savings banks in the greater Seoul area qualify to test eased network separation rules.

Fraud, Scams & Cybercrime

South Korea Ramps Up Southeast Asia Scam Crackdown

27/10/2026

Action by the inter-agency task force led to the arrest of 834 suspects and repatriation of 655 fugitives in the region, even as voice-phishing losses decreased.

Fraud, Scams & Cybercrime

Korea Plans New VASP Disclosure Rules Following Blockchain Scam

27/10/2026

The FSS has issued a consumer alert and outlined new disclosure requirements following a USD 2 million cryptocurrency scam.

Anti-Money Laundering

Sri Lanka Revenue Agencies Unite to Combat Money Laundering

27/10/2026

Sri Lanka’s tax and excise authorities have signed an agreement to share intelligence and conduct parallel investigations into financial crimes.

Structural Regulation

Korea: Oversight Flaws Led to Single-Stock ETF Debacle, says FSS Union

27/10/2026

The FSS labour union says its subordination to the FSC contributed to expedited approvals of single-stock leveraged ETFs, calling for legislative reforms to strengthen its independence.

Operational Risk

Taiwan FSC Updates Rules for Reporting Internal Audit Information

26/10/2026

The FSC has updated the methods, standards, formats, and content for internal audit reporting by banks and holding companies.

Conduct, Culture & Accountability

Australia Extends KPMG Contract Ban After Whistleblower Review

26/10/2026

An independent review found KPMG Australia mishandled a whistleblower's disclosure, prompting the government to extend its ban on new contracts until February 2027.

PEPs & Sanctions

Australia Sanctions North Korean Entities Over Fraudulent IT Worker Networks

26/10/2026

The Australian government has imposed targeted financial sanctions on two individuals and two entities linked to North Korean fraudulent IT worker networks.

Cybersecurity

China Updates Drone Export Controls, Targets Dual-Use Components

26/10/2026

China has revised its export control framework for unmanned aerial vehicles, tightening restrictions on core components while easing rules for agricultural models.