AML / KYC

AUSTRAC Launches Campaign for Implementation of AML Reforms

03/10/2025

The campaign will prepare existing and new industries for a shift to a risk-based approach and new digital reporting tools.

Enforcement

SFC Suspends Ex-Broker RO for AML, Credit Risk Failures

03/10/2025

The SFC has disciplined a former responsible officer for failing to manage credit risks and report suspicious, highly profitable client trades.

Fintech / Regtech

Taiwan Launches Digital ID Hub with Seven Banks to Streamline Services

03/10/2025

New central platform allows customers to use a single digital identity across different banks, insurers, and securities firms.

Capital / Liquidity

BCBS Tweaks Rule-Book Grades, Approves G-SIB Assessment

03/10/2025

The BCBS has changed a key term in country assessments and completed the annual review of top global banks.

Capital / Liquidity

Korea Forms Task Force as Bank-Appraiser Valuation Dispute Escalates

03/10/2025

A government task force is set to tackle a long-running conflict over in-house property valuations after an industry group protested KB Kookmin Bank.

Capital / Liquidity

Regulators Link Consumer Financial Health to Prudential Risk, BIS Finds

03/10/2025

A new paper from the Bank for International Settlements finds authorities are using consumer well-being data to inform policy and prudential oversight.

Capital / Liquidity

Australian Central Bank Flags Global Market, Cyber and China Risks

03/10/2025

The RBA has identified vulnerabilities in global markets, operational resilience, and China as key threats, while noting Australia's domestic system remains sound.

China Tightens Overseas Travel for State Finance Executives

03/10/2025

New unwritten rules limit senior staff at state-owned banks, insurers and investment funds to one overseas trip annually.

Securities / Derivatives

Philippines SEC Proposes Hard Term Limits for Independent Directors

02/10/2025

The regulator aims to bolster corporate governance by introducing a three-year fixed term and a strict nine-year cumulative cap for independent directors.