Financial Crime

Fraud, Scams & Cybercrime

Taiwan Mandates AI Facial Recognition for State-Run Bank ATMs

By Editors | 17/03/2026

The Ministry of Finance has required eight state-owned banks to equip 20 percent of their ATMs with anti-fraud technology this year.

PEPs & Sanctions

HKMA Urges Firms to Enhance Sanctions Screening Systems, Adopt AI

By Manesh Samtani | 17/03/2026

Thematic review found systems generally meet expectations. HKMA has highlighted good practices in governance, testing, and technology.

Anti-Money Laundering

KoFIU Imposes Six-Month Suspension, KRW 36.8 Billion Fine on Bithumb

By Manesh Samtani | 17/03/2026

The crypto exchange was penalised for millions of AML breaches, including transactions with unregistered overseas virtual asset service providers.

Market Abuse

Korea FSS Urges Brokers to Tighten Illegal Short Selling Controls

By Mark Johnston | 17/03/2026

The FSS has told securities firms to strengthen internal controls and systems management amid fears of market disruption.

Fraud, Scams & Cybercrime

Cambodia Cabinet Approves Law Targeting Online Scam Centres

By Nithya Subramanian | 16/03/2026

Cambodia proposes legislation imposing heavy prison terms and fines for operators of online scam centres amid growing global fraud and trafficking concerns.

Fraud, Scams & Cybercrime

Macau Regulator Opens Probe into Alleged Fraud at Local Bank

By Mark Johnston | 16/03/2026

The AMCM is investigating a local bank after a lawmaker filed a complaint alleging MOP 208 million in client losses.

Payments & Settlements

India Panel Calls for Tiered UPI Charges to Ensure Sustainability

By Nithya Subramanian | 16/03/2026

A parliamentary committee has recommended a tiered fee structure for UPI to address financial viability and cybersecurity risks.

Fraud, Scams & Cybercrime

Sri Lanka Court Orders Central Bank to Stop Crypto Outflows

By Editors | 16/03/2026

Colombo court directs CBSL to prevent illicit capital outflows, pointing to regulatory gaps in the Foreign Exchange Act.

KYC & CDD

BOJ Paper Outlines Role of Verifiable Credentials in Digital Finance

By Manesh Samtani | 16/03/2026

New report details how verifiable credentials could streamline KYC and secure transactions, highlighting the new vLEI standard for corporate identity.