Anti-Money Laundering

AUSTRAC Launches Campaign for Implementation of AML Reforms

03/10/2025

The campaign will prepare existing and new industries for a shift to a risk-based approach and new digital reporting tools.

Anti-Money Laundering

SFC Suspends Ex-Broker RO for AML, Credit Risk Failures

03/10/2025

The SFC has disciplined a former responsible officer for failing to manage credit risks and report suspicious, highly profitable client trades.

KYC & CDD

Taiwan Launches Digital ID Hub with Seven Banks to Streamline Services

03/10/2025

New central platform allows customers to use a single digital identity across different banks, insurers, and securities firms.

Capital Adequacy

BCBS Tweaks Rule-Book Grades, Approves G-SIB Assessment

03/10/2025

The BCBS has changed a key term in country assessments and completed the annual review of top global banks.

Operational Risk

Korea Forms Task Force as Bank-Appraiser Valuation Dispute Escalates

03/10/2025

A government task force is set to tackle a long-running conflict over in-house property valuations after an industry group protested KB Kookmin Bank.

Credit Risk

Regulators Link Consumer Financial Health to Prudential Risk, BIS Finds

03/10/2025

A new paper from the Bank for International Settlements finds authorities are using consumer well-being data to inform policy and prudential oversight.

Emerging Prudential Risks

Australian Central Bank Flags Global Market, Cyber and China Risks

03/10/2025

The RBA has identified vulnerabilities in global markets, operational resilience, and China as key threats, while noting Australia's domestic system remains sound.

Anti-Bribery & Corruption

China Tightens Overseas Travel for State Finance Executives

03/10/2025

New unwritten rules limit senior staff at state-owned banks, insurers and investment funds to one overseas trip annually.

Conduct, Culture & Accountability

Philippines SEC Proposes Hard Term Limits for Independent Directors

02/10/2025

The regulator aims to bolster corporate governance by introducing a three-year fixed term and a strict nine-year cumulative cap for independent directors.