AML / KYC

Philippines AMLC to Probe Casinos Over Officials' Laundering Scheme

12/09/2025

Investigation follows a senator's allegations that former public works officials laundered nearly PHP 1 billion through at least 13 gaming venues.

Fintech / Regtech

Indonesia, China Deepen Ties with Expanded LCT and QR Payment Pilot

12/09/2025

The central banks have upgraded their local currency settlement framework to cover all balance of payments items and are targeting a full QR payment link by year-end.

AML / KYC

Korea Sees Record Account Suspensions Over Voice Phishing Scams

12/09/2025

Over 150,000 accounts were frozen in five years as authorities consider legislation to make financial firms partially liable for scam damages.

Capital / Liquidity

Taiwan Banks, Insurers Pass Severe Stress Tests, Regulator Says

12/09/2025

The FSC said all institutions remained above capital minimums under scenarios including economic downturns, market shocks, and climate events.

AML / KYC

US Fed Ends 2019 Enforcement Action Against Japan's Sumitomo Mitsui

10/09/2025

The action, imposed over AML control deficiencies, has been terminated, potentially clearing a path for the lender's US expansion.

Crypto / Digital Assets

Korea to Allow Crypto Firms to be Certified as Venture Businesses

10/09/2025

The change reverses a seven-year-old restriction, enabling virtual asset firms access to tax incentives, subsidies, and financial support.

Crypto / Digital Assets

ICBC, HSBC Joining Race for HK Stablecoin Licences - Report

09/09/2025

The banks have reportedly expressed interest to the HKMA, joining a crowded field vying for one of the first issuer licences.

Sanctions

China to Reopen 'Panda Bond' Market to Russian Energy Firms

09/09/2025

Regulators have reportedly signalled support for renminbi-denominated bond sales by Russian energy groups.

Fintech / Regtech

South Korea Taps Major Banks for Digital Currency Subsidy Trial

09/09/2025

BOK is moving forward with a pilot to distribute state subsidies using a programmable digital currency, aiming to curb fraud.