Fraud, Scams & Cybercrime

Korea Launches Serious Crimes Agency to Tackle Financial Offences

22/10/2026

South Korea's newly established Serious Crimes Investigation Agency will target white-collar crime and investigate recent cyberattacks on financial institutions.

Supervision & Enforcement

ASIC Penalises Visy and Pratt Group A$4.15m for Late Reporting

22/10/2026

21 companies within Australia's Visy and Pratt group have paid infringement notices totalling AUD 4.15 million for late financial reporting.

Cloud & Infrastructure

IBK Expands Corporate Public MyData Service to Deposit Operations

22/10/2026

IBK plans to extend the service to corporate cards by year-end and later to remote corporate banking products.

Stablecoins

Japan Explores Use of Stablecoins to Distribute Public Subsidies

22/10/2026

Japanese ministries are evaluating the use of stablecoins and tokenised deposits for public subsidies, government bonds, and interbank settlements to enhance efficiency.

Emerging Prudential Risks

Google Cloud Outage Disrupts UK Banks, Highlighting Concentration Risk

22/10/2026

A power failure at a London data centre temporarily crippled major UK financial services, exposing vulnerabilities in global cloud infrastructure reliance.

Anti-Money Laundering

Philippines Secures Forfeiture of Terror-Linked Funds

22/10/2026

The AMLC announced that a Manila court has ordered the forfeiture of funds linked to an ISIL facilitator.

Tokenisation

South Korea and UK Deepen Ties on Tokenisation Projects

22/10/2026

BOK and BOE are expanding collaboration on digital currency initiatives, focusing on asset tokenisation, cross-border payments, and regulatory safeguards.

AI Risk & Governance

Taiwan to Criminalise Smuggling of AI Chips to Mainland China

22/10/2026

Taiwan plans to classify the unauthorised export of advanced AI chips and servers to China as a criminal offence.

Payments & Settlements

Morocco’s Attijariwafa Bank Joins China’s CIPS to Facilitate RMB Payments

22/10/2026

Attijariwafa Bank joined CIPS to facilitate faster and more efficient yuan-denominated transactions between Morocco and China.