Financial Crime

Anti-Bribery & Corruption

Philippines SEC Proposes Stricter Audit Rules for Government Contractors

By Sanday Chongo Kabange | 09/04/2026

The proposal mandates top-tier accredited auditors for firms with high-value public contracts and raises qualification standards for all accredited auditors.

Fraud, Scams & Cybercrime

DeFi Platform Drift’s $285m Hack Traced to DPRK-Linked Attack

By Nithya Subramanian | 09/04/2026

The attack, attributed to North Korea, combined a months-long intelligence operation with a sophisticated technical exploit, sparking debate over the role of stablecoin issuers in preventing theft.

Supervision & Enforcement

ASIC Seeks Court Intervention in Proposed Interprac Sale

By Sanday Chongo Kabange | 09/04/2026

ASIC has launched legal action to investigate the AUD 50,000 sale of a financial adviser facing hundreds of client complaints and significant liabilities.

Anti-Money Laundering

US Regulators Propose Major Overhaul of AML/CFT Framework

By Manesh Samtani | 09/04/2026

The joint proposal aims to create a more effective, risk-based framework, allowing firms to focus resources on major threats rather than 'check-the-box' compliance.

Fraud, Scams & Cybercrime

ASIC Ramps Up Action Against AI-Powered Investment Scams

By Sanday Chongo Kabange | 09/04/2026

ASIC has removed a record number of scam websites, warning that artificial intelligence is making fraudulent investment schemes more convincing and harder to spot.

Structural Regulation

RBI Proposes Three-Tier Banking Structure to Boost Rural Access

By Nithya Subramanian | 09/04/2026

The draft guidelines introduce new categories for banking correspondents, overhaul remuneration rules, and tighten governance to enhance financial inclusion.

Payments & Settlements

MAS to Review GIRO Payment System Safeguards

By Nithya Subramanian | 08/04/2026

The review follows recent erroneous deductions and will consider new user-set limits, enhanced transaction monitoring, and stricter due diligence on billers.

Fraud, Scams & Cybercrime

FBI Report Highlights SEA's Role in Causing Record Cybercrime Losses

By Manesh Samtani | 08/04/2026

Report reveals record cybercrime losses in 2025, with organised crime groups in Southeast Asia and India-based call centres identified as key threats.

Cloud & Infrastructure

Singapore’s AI Ambitions Clash with Cloud Hesitancy

By Bradley Maclean | 08/04/2026

A private roundtable of senior AML leaders revealed that despite regulatory encouragement, internal cultural and technical barriers are impacting AI adoption in Singapore.