Financial Crime

PEPs & Sanctions

India Explores EU-Style Law to Counter Third-Country Sanctions

By Nithya Subramanian | 06/05/2026

The move follows Microsoft's temporary suspension of services to an Indian company, prompting concerns over the extra-territorial application of foreign sanctions and data sovereignty.

Fraud, Scams & Cybercrime

Hong Kong Launches Collaborative Anti-Fraud Platform

By Sanday Chongo Kabange | 06/05/2026

A new cross-sector alliance has launched a digital platform to combat rising fraud, enabling intelligence sharing between the public and institutions.

KYC & CDD

India Notifies Investment Rules for Funds with Minority China Links

By Nithya Subramanian | 06/05/2026

The government has amended its foreign investment rules, relaxing approval requirements for overseas entities with limited beneficial ownership from neighbouring countries, effective 1 May 2026.

Supervision & Enforcement

HKEX Replaces Auditor PwC With KPMG Amid Evergrande Fallout

By Editors | 06/05/2026

HKEX shareholders have approved the appointment of KPMG as auditor, a direct consequence of regulatory penalties against PwC for its work on China Evergrande.

Market Abuse

ASX and ASIC Warn Firms on AI Hype and Risk Management

By Sanday Chongo Kabange | 06/05/2026

ASX and ASIC have issued warnings over artificial intelligence, targeting market conduct and risk management failures.

PEPs & Sanctions

China Activates Blocking Statute to Counter US Sanctions

By Manesh Samtani | 06/05/2026

China's first use of its anti-sanctions law creates a direct legal conflict for global financial institutions caught between US and Chinese rules.

Trading & Investment

India Unlikely to Allow Banks, Insurers to Trade Commodity Derivatives: SEBI

By Editors | 06/05/2026

SEBI chairman says the central bank and insurance authority are not inclined to permit their regulated entities to invest in commodity derivatives.

Payments & Settlements

ASEAN+3 to Deepen Dialogue on Cross-Border Payments, Stablecoins

By Nithya Subramanian | 05/05/2026

The new process will focus on retail and wholesale payment linkages, while addressing regulatory fragmentation and stablecoin risks.

Fraud, Scams & Cybercrime

MAS Trials Pooled Bank Data for AI-Powered Scam Detection

By Nithya Subramanian | 05/05/2026

The proof-of-value initiative will test data-sharing approach to improve scam detection and enable earlier intervention across institutions.