Payments & Settlements

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.

KYC & CDD

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.

Cybersecurity

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 Adequacy

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.

Anti-Money Laundering

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.

Fraud, Scams & Cybercrime

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.

Fraud, Scams & Cybercrime

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.

Anti-Money Laundering

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.

Conduct, Culture & Accountability

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.