Fraud, Scams & Cybercrime

Banks Freeze Singapore Accounts of Major Iron Ore Trader

10/08/2026

Deutsche Bank and KBC are among several FIs taking action against Radiant World amid concerns over falsified documents.

Supervision & Enforcement

ASIC Suspends CFD Issuer Licence Over Client Money Failures

10/08/2026

ASIC has suspended GFA Capital Markets for five months, citing multiple breaches of client money, reporting and compliance obligations.

Credit Risk

India: Top Mortgage Lender Suggests Capping Rates on Affordable Housing Loans

10/08/2026

LIC Housing Finance has urged regulators to cap lending spreads for affordable housing loans, calling current rates unsustainable.

Credit Risk

Bangladesh Lifts Lending Caps on State-Owned Sonali Bank

10/08/2026

BB has removed long-standing restrictions on five key branches but has warned the lender to maintain strict due diligence on new loans.

Fraud, Scams & Cybercrime

Hong Kong Bans Former China Candy Executives for 13 Years Over Fraud

10/08/2026

The SFC has secured lengthy disqualification orders against three former top executives for orchestrating a "fiendish" corporate fraud.

Credit Risk

RBI to Standardise Lending Rate Rules, Reopen UCB Licensing

10/08/2026

The central bank has announced plans to harmonise interest rate rules for all regulated entities and resume licensing for urban cooperative banks.

Anti-Bribery & Corruption

Taiwan Orders All Banks to Review Controls After Kickback Scandal

10/08/2026

A probe involving 15 lenders and over 60 employees has been escalated into a system-wide review, with potential fines of up to TWD 50 million.

Fraud, Scams & Cybercrime

Korean Police Arrest Three Over KRW 12.3 Billion XRP Scam

10/08/2026

Seoul police have dismantled an alleged crypto investment fraud, freezing assets and issuing an international alert for a fourth suspect.

Operational Risk

Korea Considers Merger of KODIT and KOTEC in Policy Finance Overhaul

10/08/2026

Korea's government is exploring a merger between its two main credit guarantee funds to improve efficiency and reduce operational overlap.