Australia to Guarantee ANZ Operations in Pacific Islands

18/03/2025

ANZ will invest an additional AUD 50 million to help address a decline in the number of foreign banks willing to serve the region.

AML / KYC

Korea Rolls Out Nationwide Mobile Resident Registration Card

18/03/2025

The initiative allows residents to access digital identification through their smartphones for use in activities such as bank account opening.

Fintech / Regtech

FSS Korea Meets with FinTech CEOs to Outline Supervisory Plans

18/03/2025

The meeting included executives from major fintech firms such as Kakao Pay, Toss Payments, Coupang Pay, and Naver Financial.

Capital / Liquidity

South Korea to Install Formal Insurer Capital Requirements

17/03/2025

The FSC plans to introduce a mandatory threshold for insurers’ basic capital K-ICS ratio to improve capital quality.

Securities / Derivatives

Australia Clarifies Managed Investment Trusts Tax Rules

17/03/2025

New tax amendments confirm that foreign pension funds can continue accessing concessional withholding tax rates through MITs.

Enforcement

Japan Moves to Tighten Regulations on Online Casinos

17/03/2025

Japan is considering measures to restrict payments to online casinos as well as advertisements promoting their services.

AML / KYC

Korea Introduces New Safeguard to Prevent Unauthorised Account Opening

17/03/2025

Consumers can apply for the ‘Non-Face-to-Face Account Opening Safe Block’ service to preemptively prevent the unauthorised creation of deposit accounts.

AML / KYC

Taiwan Government-Owned Bank Fined for AML Failures

17/03/2025

Bank of Taiwan staff made repeated remittances to foreign virtual asset exchanges over several years without investigating alerts.

Enforcement

ASIC Warns Payday Lenders Over Potential Regulatory Breaches

14/03/2025

ASIC found that some payday lenders have structured their business models to avoid consumer protection obligations.