Fraud, Scams & Cybercrime

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 Adequacy

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.

Supervision & Enforcement

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.

Cryptocurrency

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.

Stablecoins

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.

Trading & Investment

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.

CBDCs

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.

Supervision & Enforcement

Global Banks Pay $8.3 Million to Settle CFTC Compliance Probes

09/09/2025

Settlements with Citigroup, UBS, and others are the first result of a new CFTC 'enforcement sprint' initiative tackling non-fraud cases.

Anti-Money Laundering

AUSTRAC Sheds Light on Major Financial Crimes Unravelled by Intelligence

08/09/2025

Financial intelligence has exposed a police officer's gold-funded gambling scheme and helped dismantle multi-million dollar illicit tobacco syndicates across two states.