AML / KYC

    Fintech / Regtech

    New 'Digital Lutera" Malware Bypasses UPI Security in India - Reports

    By Nithya Subramanian | 13/03/2026

    A cybersecurity firm has detailed a new attack method, Digital Lutera, that circumvents SIM-binding, enabling large-scale fraud on India’s digital payments network.

    AML / KYC

    Former Hong Kong Councillor Jailed for Laundering Scam Proceeds

    By Sanday Chongo Kabange | 13/03/2026

    The conviction for laundering HKD 590,000 highlights the ongoing risks from telephone scams targeting vulnerable individuals in the city.

    Enforcement

    Singapore Court Jails Chinese National over $6.9m Crypto Theft

    By Nithya Subramanian | 13/03/2026

    Chinese national Zhang Xinghua jailed two years for role in multi-million-dollar SafeX cryptocurrency theft involving insider access and laundering attempts.

    Fintech / Regtech

    BSP Expands Open Finance Pilot for Retirement Accounts

    By Sanday Chongo Kabange | 13/03/2026

    The move allows customers of four major financial institutions to open PERA accounts digitally by sharing data with a designated administrator.

    Fintech / Regtech

    BNM Sets New Technology Risk Rules for Payment Firms

    By Nithya Subramanian | 13/03/2026

    BNM has introduced stricter technology, cybersecurity, and operational resilience rules for payment providers amid rapid digital payments growth.

    Fintech / Regtech

    New Zealand Regulators to Partner with Banks on Basic Account Access

    By Sanday Chongo Kabange | 13/03/2026

    A new industry-regulator pact aims to tackle financial exclusion after a consultation found near-universal support for action to improve access.

    Sanctions

    US Sanctions North Korea IT Worker Network in Vietnam and Laos

    By Manesh Samtani | 13/03/2026

    The action targets facilitators using cryptocurrency to launder funds, heightening secondary sanctions and due diligence risks for financial institutions in Southeast Asia.

    Fintech / Regtech

    FSB and Industry Launch New Push on Cross-border Payments

    By Sanday Chongo Kabange | 13/03/2026

    Andrew Bailey says progress on the G20 roadmap is stalling, outlining new action plans for regulators and calling for industry leadership.

    Market Infrastructure

    BIS Paper Calls for Public Sector Push to Fix Cross-Border Payments

    By Manesh Samtani | 12/03/2026

    New paper highlights slow speeds and high costs, pointing to APAC initiatives as models for improving global payment systems.

    AML / KYC

    US Treasury Recognises Legitimate Use of Crypto Mixers, Seeks New Powers

    By Manesh Samtani | 12/03/2026

    A key report signals a nuanced US stance on privacy tools while proposing a "hold law" to freeze suspicious digital assets.

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