Conduct, Culture & Accountability

New Zealand Warns Banks on Offset Mortgage Controls After ASIC Review

04/08/2026

The FMA has urged banks to review their offset mortgage controls following an Australian probe that found customers were being overcharged on interest.

Cloud & Infrastructure

Korea Digitises Consular Power of Attorney for Financial Services

04/08/2026

The new system replaces international mail with a secure electronic process, initially involving seven major FIs to streamline banking for overseas nationals.

AI Risk & Governance

Koscom to Launch AI and English Data Services for Foreign Investors

04/08/2026

Koscom is launching new tools to reduce information asymmetry and support the government's capital market globalisation policy.

Anti-Money Laundering

Hitachi and 17 FIs Complete Crypto AML Pilot Project in Japan

04/08/2026

The pilot was completed under the FSA's fintech hub, aiming to create a collaborative model for monitoring crypto transactions.

Cryptocurrency

Hong Kong Opens Retail Access to XRP via Licensed Exchange OSL

04/08/2026

OSL Digital Securities has begun offering XRP trading to retail investors, expanding its regulated digital asset offerings.

Cryptocurrency

Korea Finalises 22% Crypto Tax for 2027 Despite Opposition

03/08/2026

The government has confirmed the long-delayed tax will proceed, despite parliamentary opposition and concerns over its impact on declining trading volumes.

Payments & Settlements

Cambodia, Philippines in Talks to Link QR Payment Systems

03/08/2026

The collaboration aims to streamline cross-border retail payments and promote the use of local currencies for trade and tourism between the two nations.

Fraud, Scams & Cybercrime

Thailand Caps Digital Transfers for Youth Accounts to Fight Fraud

03/08/2026

The BOT is imposing new daily limits on bank and e-money accounts for under-18s to curb their increasing use as mule accounts for financial crime.

Trading & Investment

Korean FSS Clarifies Rules for Stock Repatriation Scheme

03/08/2026

The FSS has clarified key tax rules for its Reshoring Investment Account scheme amid signs the programme's momentum is slowing.