Fraud, Scams & Cybercrime

Hong Kong Authorities Launch Coordinated Campaign Against Fraud

13/07/2026

Regulators and banks are enhancing information sharing and public education as financial losses from sophisticated scams continue to climb.

KYC & CDD

Korea to Give Fintechs Access to Government ID Verification System

13/07/2026

The move aims to combat financial crime by allowing payment firms like Naver Pay, Kakao Pay and Toss to verify photo IDs against a government database.

Conduct, Culture & Accountability

ASIC Widens Scrutiny to Big Four Audit Firms After KPMG Scandal

10/07/2026

ASIC is reviewing audit conduct at the Big Four, following allegations that KPMG staff misused confidential client data.

Fraud, Scams & Cybercrime

SFC Mandates Phishing-Resistant Logins for Brokers and Crypto Platforms

10/07/2026

The SFC has ordered firms to replace one-time passwords with stronger methods like passkeys within 12 months to combat rising account takeover fraud.

Reporting & Disclosures

South Korea Finalises Mandatory ESG Disclosure Rules

10/07/2026

The rules will apply to large KOSPI-listed firms from 2028, with a phased expansion and mandatory third-party verification from 2030.

Structural Regulation

APRA Issues Guidance on Reporting Co-located Bank Services

10/07/2026

The new guidance clarifies how banks should report shared physical locations to ensure data consistency as business models and service channels evolve.

Fraud, Scams & Cybercrime

Korea Orders Tighter Controls After Phishing Attack Hits Brokerage

10/07/2026

The FSS has highlighted internal control failings after a fraudulent email attack led to multi-billion won in losses for a foreign investor.

Credit Risk

APRA Updates Recognition Rules for External Credit Aassessment Institutions

10/07/2026

APRA has clarified pathways for recognising external credit assessment institutions, now explicitly including their use by insurers.

Structural Regulation

Philippines Set to Lift Moratorium on New Online Lenders on 1 Aug

10/07/2026

The SEC is ending its nearly five-year freeze on new online lending platforms, introducing a strict new framework with higher capital requirements and enhanced consumer protection rules.