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Fraud, Scams & Cybercrime

Taiwan Proposes New Rules to Strengthen Anti-Fraud Defences

By Nithya Subramanian | 31/05/2026

The amendments aim to formalise data sharing between banks and VASPs, expand red flags, and streamline the return of victim assets.

Fraud, Scams & Cybercrime

Australia Details Mandatory Anti-Scam Codes for Key Sectors

By Sanday Chongo Kabange | 30/05/2026

New mandatory codes will require banks, telcos and digital platforms to prevent, detect and disrupt scams, with detailed provisions for consumer redress and liability.

Stablecoins

South Korea to Fast-Track Digital Asset Act in H2 2026

By Manesh Samtani | 29/05/2026

Lawmakers are set to accelerate the second phase of the Digital Asset Basic Act, focusing on rules for stablecoin issuance and circulation.

Fraud, Scams & Cybercrime

Japan Police and Major Banks Ink Pact for Faster Fraud Response

By Manesh Samtani | 29/05/2026

New online framework will allow police to request account freezes on the same day to tackle money laundering from special fraud schemes.

KYC & CDD

HKMA Issues Guidance on Banking Services for Higher-Risk Individuals

By Sanday Chongo Kabange | 29/05/2026

The HKMA has told authorised institutions to ensure higher-risk individuals have access to basic banking services.

KYC & CDD

Hong Kong Banks Tighten Rules on Mainland Client Accounts

By Sanday Chongo Kabange | 29/05/2026

Lenders are requiring new declarations on fund origins and raising account opening thresholds following new directives from local regulators.

Tokenisation

Project Agora Finds No Legal Barriers to Tokenised Cross-Border Payments

By Manesh Samtani | 28/05/2026

BIS-led project involving seven central banks has concluded its prototype for tokenised payments is compatible with existing legal frameworks.

Structural Regulation

Australia Finalises Three-Tiered Prudential Framework for Banks

By Sanday Chongo Kabange | 28/05/2026

APRA has formalised a three-tiered framework for banks, creating a new top tier and raising the threshold for 'significant' institutions to enhance proportionality.

Cryptocurrency

Korea to Mandate Reporting for Cross-Border Crypto Transactions

By Sanday Chongo Kabange | 28/05/2026

New amendments to the Foreign Exchange Transactions Act will require virtual asset service providers to register and report all cross-border transfers to the central bank.