Financial Crime

Fraud, Scams & Cybercrime

Singapore to Launch Cyber Command to Combat Financial Scams

By Nithya Subramanian | 01/06/2026

A new dedicated police unit will consolidate anti-scam and cybercrime capabilities to tackle rising online threats and protect financial assets.

Anti-Money Laundering

Australia Pledges AUD 5 Million to Bolster Pacific AML Efforts

By Sanday Chongo Kabange | 01/06/2026

The funding will enhance financial intelligence capabilities and partnerships with Pacific nations to combat serious crimes, including drug trafficking, child sexual exploitation and environmental crime.

Payments & Settlements

BIS Unveils Blueprint for Cross-Border Open Finance Interoperability

By Manesh Samtani | 01/06/2026

Project Aperta demonstrates a new model for linking domestic open finance networks, with key implications for SME banking, trade finance, and future regulatory policy.

PEPs & Sanctions

US Targets APAC Shipping Network in New Iran Sanctions

By Editors | 01/06/2026

OFAC has sanctioned multiple entities in Hong Kong, the UAE, and India for their alleged roles in facilitating Iran's illicit military oil trade.

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.

Anti-Bribery & Corruption

AMRO Calls for Overhaul of ASEAN+3 Tax Incentive Frameworks

By Manesh Samtani | 30/05/2026

AMRO warns of high fiscal costs and evasion risks, urging better design, management, and governance for tax relief schemes.

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.

Emerging Prudential Risks

China Fintech CreditEase Freezes $4.4 Billion in Wealth Products

By Editors | 30/05/2026

The move by the firm's Heritvest unit has trapped an estimated CNY 30 billion, sparking renewed concerns over shadow banking risks and prompting regulatory action.

Anti-Money Laundering

RBNZ Sues Co-operative Bank for AML Breaches

By Editors | 30/05/2026

The RBNZ has filed civil proceedings against The Co-operative Bank for systemic AML compliance failures.