Financial Crime

Supervision & Enforcement

Malaysia Charges Ex-BNM Shariah Adviser in Trust Case

By Editors | 13/05/2026

Tan Sri Dr Mohd Daud Bakar and a fellow director face seven charges related to the alleged misuse of funds intended for a Shariah-compliant glove manufacturing business.

Structural Regulation

Australian Regulators Unveils Implementation Plan for Regulatory Reform Roadmap

By Sanday Chongo Kabange | 13/05/2026

Australian regulators have released an implementation plan with over 50 initiatives to improve efficiency, streamline data collection, and reduce duplication.

Anti-Money Laundering

Worldclear Leaks Expose AML Lapses at New Zealand Payments Firm

By Sanday Chongo Kabange | 13/05/2026

A leak shows the New Zealand financial services provider processed millions for high-risk clients, highlighting regulatory gaps and AML control failures.

Anti-Money Laundering

Clarity Needed in FATF R16 Guidance to Prevent De-Risking: RUSI Analyst

By Manesh Samtani | 13/05/2026

Forthcoming guidance on the FATF’s revised Recommendation 16 must provide clear, practical rules to avoid harming financial inclusion.

Anti-Money Laundering

Korea to Crack Down on ‘Tether Laundromat’ Schemes

By Mark Johnston | 13/05/2026

Police will intensify enforcement against unregistered crypto exchanges used to launder criminal proceeds, allocating new resources and partnering with KoFIU.

Credit Risk

Bangladesh Bank Issues Framework for Digital Lending

By Nithya Subramanian | 13/05/2026

The central bank has authorised banks to offer small, short-term ‘e-loans’ through a fully digital process, subject to detailed operational and risk management requirements.

Emerging Prudential Risks

China Puts Major Financial Legislation on 2026 Agenda

By Editors | 13/05/2026

The legislative plans signal a major focus on financial stability, market unification, and strengthening foreign-related and supply chain laws.

AI Risk & Governance

China Issues New Framework to Govern AI Agents

By Mark Johnston | 12/05/2026

New rules aim to balance innovation with security, setting clear guidelines for AI agent development and application across various key sectors.

Anti-Money Laundering

Philippines BSP Mandates Tighter Controls on Digital Payments

By Sanday Chongo Kabange | 12/05/2026

The central bank has clarified that banks retain primary AML liability even when using third-party payment aggregators for merchant services.