Anti-Money Laundering

Sri Lanka Proposes New Trust Beneficial Ownership Rules

02/10/2026

The Cabinet has approved amendments to its 109-year-old Trust Ordinance to expose beneficial owners and align with global AML standards.

Stablecoins

Korea Plans Interagency Body for KRW Stablecoin Regulation

02/10/2026

The FSC is seeking to establish a consultative body with the central bank and finance ministry to institutionalise won-pegged stablecoins.

Anti-Money Laundering

AUSTRAC Issues Infringement Notices to Non-Enrolled Businesses

02/10/2026

AUSTRAC has begun penalising businesses in newly regulated sectors for failing to enrol under expanded AML/CTF laws.

Structural Regulation

Hong Kong AFRC Expands Online Registration for Overseas PIE Auditors

02/10/2026

The AFRC has launched a new module for overseas PIE auditors to manage online renewals.

Market Abuse

South Korea Uncovers KRW 20bn Insider Trading Cartel

02/10/2026

Regulators have raided over 20 locations and frozen accounts linked to an elite insider trading network that amassed illegal profits.

Trading & Investment

Taiwan Bans Company Insiders from Securities Lending Transactions

02/10/2026

The FSC has issued a new directive prohibiting public company insiders and major shareholders from engaging in securities lending.

Fraud, Scams & Cybercrime

Korea Reports Surge in Financial Complaints, Illegal Lending

02/10/2026

The FSS received nearly 80,000 complaints in the first half of 2026, alongside a sharp rise in illegal private lending.

Payments & Settlements

Swift Tests Pay-By-Alias For Cross-Border Transactions

02/10/2026

Swift is collaborating with global banks and payment networks to enable international transfers using simple identifiers like mobile numbers.

Anti-Money Laundering

Bangladesh Bank Orders Shutdown of 22 Unlicensed Payment Platforms

02/10/2026

Bangladesh's central bank has directed telecom and financial intelligence regulators to block 22 unauthorised payment aggregators, citing severe money laundering, fraud, and cryptocurrency risks.