Anti-Money Laundering

Bangladesh FIU Orders Reporting of Linked Accounts After Freezes

22/08/2026

The directive requires FIs to immediately provide details on all associated accounts to prevent criminals from moving illicit funds.

Anti-Money Laundering

Sri Lanka to Criminalise Unauthorised Forex Transfers

22/08/2026

The government has approved amendments to the Foreign Exchange Act, giving authorities the power to prosecute certain overseas fund transfers as criminal offences.

Structural Regulation

Korean Firms Mount First Legal Challenge to Accelerated Delisting Rules

22/08/2026

Three listed companies have filed for an injunction against KRX, arguing the early implementation of stricter market cap rules undermines regulatory predictability.

Supervision & Enforcement

Australian Court Declares Netwealth Breached Law Over Due Diligence Failures

22/08/2026

ASIC secured declarations after the superannuation trustee failed to properly vet a risky fund. AUD 100 million in compensation has been paid.

Emerging Prudential Risks

Sri Lanka Tightens Rules on Finance Company Structures

22/08/2026

The new directions consolidate existing rules and introduce stricter limits on investments in subsidiaries and non-core business activities.

Anti-Money Laundering

Korea Intensifies AML Scrutiny of Banks’ Overseas Operations

21/08/2026

The move follows a series of domestic and foreign penalties for AML breaches and a new policy push to combat transnational crime.

Supervision & Enforcement

SEBI Bars Merchant Banker From New Assignments for One Month

21/08/2026

The firm was found guilty of multiple compliance failures, including misleading disclosures and key staff lacking required certifications.

Cloud & Infrastructure

BSP to Help Finance Rural Bank Shift to Cloud Core Banking

21/08/2026

The BSP will provide technical and financial support to help rural banks migrate from legacy IT to modern, cloud-based core banking systems.

KYC & CDD

Bangladesh Mandates Bank Accounts for Foreign Workers

21/08/2026

The new directive requires foreign nationals with valid work permits to receive salaries through the banking system, subject to KYC compliance.