AML / KYC

Korea Revamps AML Evaluation to Reward Proactive Risk Management

05/03/2026

The updated framework will introduce qualitative assessments and risk-based penalties to encourage voluntary improvements by financial institutions.

Enforcement

Hong Kong AFRC Fines Mazars, Grant Thornton for Audit Archiving Failures

05/03/2026

The firms were sanctioned for widespread and systemic breaches of the 60-day audit file archive requirement and related quality control deficiencies.

AML / KYC

AUSTRAC Warns of 'Integrated' APAC Crime System, Calls for Regulatory Rethink

05/03/2026

AUSTRAC says old rules are misaligned with new, industrial-scale, cross-border criminal ecosystems operating at unprecedented speed.

Fintech / Regtech

Philippine Rural Banks Warn New Rules Could Stifle Inclusion

05/03/2026

An industry group is urging the BSP to rethink proposed prudential rules, arguing that steep capital requirements and geographic limits could harm digitalisation.

Market Infrastructure

Hong Kong, Macao Regulators Sign Revised Cooperation Pact

05/03/2026

The agreement between the HKMA and AMCM expands collaboration beyond banking supervision to include financial infrastructure linkage and information exchange within the GBA.

Capital / Liquidity

Philippines Central Bank Reviews Lifting Maturity Cap for Salary Loans

05/03/2026

The move aims to ease borrower debt burdens and provide repayment flexibility amid slowing national credit growth and calls from public sector employees.

Fintech / Regtech

Philippines to Reopen Online Lending Market, Slashes Rate Cap

04/03/2026

The SEC will end a three-year ban on new online lenders from 1 April, aiming to boost competition and enhance credit data infrastructure.

Securities / Derivatives

SFC Chairman Urges Focus on Listing 'Quality' Over 'Quantity'

04/03/2026

Kelvin Wong says long-term market health depends on quality listings and products, not just turnover and fundraising size.

AML / KYC

AUSTRAC Chief Details New AML Rules for Legal Profession

04/03/2026

Brendan Thomas outlines mandatory enrolment, CDD, and reporting obligations as AUSTRAC moves to close a 'significant hole' in the country's AML defences.