Fraud, Scams & Cybercrime

Taiwan Launches Cross-Sector Platform to Combat Financial Fraud

07/07/2026

Major banks and telecoms have launched a new platform using GSMA Open Gateway APIs to enhance identity verification and prevent fraud, with regulatory oversight.

Cybersecurity

HKMA Urges Banks to Urgently Prepare for Quantum Threat

07/07/2026

The regulator has warned that current encryption could be broken within years and will begin monitoring banks' preparedness for the quantum era.

Structural Regulation

Australia Rejects Major Reforms to Address Regional Bank Closures

07/07/2026

The Australian government has opted for market-based solutions and existing industry commitments over major structural reforms in its response to a Senate report on regional bank closures.

Fraud, Scams & Cybercrime

Hong Kong Investor Sues JPEX-Linked Figures as Criminal Probe Widens

07/07/2026

A fresh civil claim has been filed over the JPEX scandal, as Hong Kong prosecutors pursue fraud and money laundering charges against numerous individuals.

Fraud, Scams & Cybercrime

AFCA Rules Bendigo Bank Liable for Scam Loss Despite Customer Action

07/07/2026

A ruling by the AFCA highlights bank liability under the ePayments Code, even where a customer has granted scammers remote system access.

Data Privacy

EY Staff Dismissed Over Alleged Breach of Australian PM’s Bank Data

07/07/2026

A junior EY employee on secondment at CBA has been charged, placing fresh scrutiny on data security, third-party risk, and conduct at major consultancies.

Structural Regulation

Taiwan to Mandate Electronic Filing for AGM Proxy Materials

07/07/2026

The new rules, effective from March 2027, will replace the current paper-based system to enhance convenience and digitise operations for public companies.

KYC & CDD

Australia to Integrate Director IDs in Companies Register

07/07/2026

New legislation will integrate Director Identification Numbers into corporate reporting from July 2027, introducing new obligations and stricter enforcement to enhance transparency and combat misconduct.

Structural Regulation

Philippine Stock Exchange Moves to Finalise Short Selling Rules

07/07/2026

The stock exchange has received comments on the rules from the SEC and is addressing these to advance the framework.