Anti-Money Laundering

Korea Revamps AML Evaluation to Reward Proactive Risk Management

05/03/2026

The updated framework will introduce qualitative assessments and risk-based penalties to encourage voluntary improvements by financial institutions.

Conduct, Culture & Accountability

Hong Kong AFRC Fines Mazars, Grant Thornton for Audit Archiving Failures

05/03/2026

The firms were sanctioned for widespread and systemic breaches of the 60-day audit file archive requirement and related quality control deficiencies.

Anti-Money Laundering

AUSTRAC Warns of 'Integrated' APAC Crime System, Calls for Regulatory Rethink

05/03/2026

AUSTRAC says old rules are misaligned with new, industrial-scale, cross-border criminal ecosystems operating at unprecedented speed.

Capital Adequacy

Philippine Rural Banks Warn New Rules Could Stifle Inclusion

05/03/2026

An industry group is urging the BSP to rethink proposed prudential rules, arguing that steep capital requirements and geographic limits could harm digitalisation.

Structural Regulation

Hong Kong, Macao Regulators Sign Revised Cooperation Pact

05/03/2026

The agreement between the HKMA and AMCM expands collaboration beyond banking supervision to include financial infrastructure linkage and information exchange within the GBA.

Credit Risk

Philippines Central Bank Reviews Lifting Maturity Cap for Salary Loans

05/03/2026

The move aims to ease borrower debt burdens and provide repayment flexibility amid slowing national credit growth and calls from public sector employees.

Anti-Money Laundering

Philippines Doubles EDD Threshold for Cash Withdrawals to PHP 1 Million

04/03/2026

The move aims to ease the burden on legitimate business transactions while allowing FIs to focus AML resources on higher-risk activities.

Structural Regulation

Philippines to Reopen Online Lending Market, Slashes Rate Cap

04/03/2026

The SEC will end a three-year ban on new online lenders from 1 April, aiming to boost competition and enhance credit data infrastructure.

Structural Regulation

SFC Chairman Urges Focus on Listing 'Quality' Over 'Quantity'

04/03/2026

Kelvin Wong says long-term market health depends on quality listings and products, not just turnover and fundraising size.