Payments & Settlements

China Issues New Rules for Banks to Fund Key Western Trade Corridor

26/12/2025

The guidelines direct financial institutions to streamline credit, expand cross-border services, and pilot digital currencies to support the strategic trade route.

Anti-Bribery & Corruption

China Jails Ex-Chairman of Largest Property Insurer for Corruption

26/12/2025

The former supervisory board chairman of PICC Property and Casualty Co Ltd has been sentenced to 10.5 years in prison for bribery.

Anti-Money Laundering

Korea to Revamp AML Rules to Target FIs With Weak Controls

26/12/2025

KoFIU will introduce penalties for weak controls and incentives for certified staff in its 2026 evaluation programme.

Cryptocurrency

Philippines Blocks Coinbase, Gemini in Crackdown on Unlicensed Platforms

26/12/2025

Regulators ordered ISPs to block 50 virtual asset providers, while investors reported access issues to brokerage Interactive Brokers.

Anti-Money Laundering

Philippines House Passes Bill to Amend Bank Secrecy

26/12/2025

The measure grants the central bank powers to examine accounts in corruption cases, aligning with international AML standards.

Fraud, Scams & Cybercrime

India to Curb UPI Payment Features Over Fraud Concerns

26/12/2025

India's NPCI is set to limit the 'Collect' and 'Autopay' functions to combat fraud and misleading charges.

Reporting & Disclosures

Philippines Mandates IFRS-Aligned Sustainability Reporting in Phased Rollout

26/12/2025

The SEC has adopted PFRS S1 and S2, setting a tiered timeline for mandatory disclosure and external assurance for listed and large private firms.

Structural Regulation

Indonesia OJK and KSEI Integrate Investment Product Licensing System

26/12/2025

Regulators launched a unified digital system to streamline product registration, enhance data quality, and strengthen risk-based supervision.

Fraud, Scams & Cybercrime

India Seeks Global Asset Freeze in Alleged INR 50 bn Forex Fraud

26/12/2025

Authorities have issued an Interpol notice and are coordinating with the FBI and Europol in a probe into unauthorised trading platform OctaFX.