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Fraud, Scams & Cybercrime

FinCEN Issues Guidance to Bolster Fraud Information Sharing

By Manesh Samtani | 15/06/2026

FinCEN has clarified rules under the USA PATRIOT Act, encouraging banks to share a wider range of fraud-related data.

Cybersecurity

Korea to Ease Network Separation Rules, Mandate Stricter AI Security

By Mark Johnston | 12/06/2026

Authorities are relaxing network separation rules to foster AI development while introducing new anti-phishing measures, including a strict liability regime.

Market Risk

Korea Launches FX Probes, Tightens Rules to Stem Won Slide

By Mark Johnston | 12/06/2026

Authorities are inspecting foreign banks and have issued new directives to curb speculation, as a multi-agency illegal FX task force is made permanent.

Structural Regulation

China Finalises Tougher Disclosure Rules for Private Funds

By Manesh Samtani | 12/06/2026

New rules effective 1 September mandate look-through transparency for complex products, differentiated reporting, and expand liability to custodians and service providers.

Cybersecurity

RBI Sets June Deadline for Banks to Address AI Cyber Threats

By Nithya Subramanian | 12/06/2026

Financial institutions have been directed to complete a risk assessment and action plan for threats posed by advanced AI models such as ‘Mythos’.

Anti-Money Laundering

IFC Issues Tech Playbook for AML/CFT in Emerging Markets

By Manesh Samtani | 12/06/2026

New guidance details how financial institutions can use analytics, AI and automation to strengthen financial crime controls and maintain global market access.

Payments & Settlements

Hong Kong, Indonesia and China Ink Local Currency Settlement Deal

By Sanday Chongo Kabange | 12/06/2026

A new framework will allow direct settlement in offshore yuan and rupiah for trade and investment between Hong Kong and Indonesia.

Reporting & Disclosures

MAS Refines ESG Fund Disclosure Rules to Combat Greenwashing

By Nithya Subramanian | 11/06/2026

MAS has updated its guidance for retail ESG funds, demanding greater clarity on metrics, benchmarks, and manager influence on indices.

PEPs & Sanctions

US Sanctions Hong Kong, China Firms Over Iran Military Support

By Manesh Samtani | 11/06/2026

The designations target what OFAC describes as a procurement network operating in China and Hong Kong.