Financial Crime

Cybersecurity

Cybersecurity Researchers Discover Publicly-Exposed KYC Data at ID Verification Firm

By Sanday Chongo Kabange | 27/02/2026

An unsecured database linked to a global digital identity verification provider has exposed sensitive customer data from 26 countries.

Supervision & Enforcement

Philippines SEC Revamps Procedural Rules to Speed Up Case Adjudication

By Sanday Chongo Kabange | 27/02/2026

The SEC has replaced its 2016 rulebook, introducing streamlined processes and a greater emphasis on electronic case management.

Fraud, Scams & Cybercrime

Korea Reports Voice Phishing Decline, Pivots to Fight New Digital Scams

By Nithya Subramanian | 27/02/2026

For four consecutive months, financial losses have dropped, but authorities are now targeting fraud on social media and messaging apps.

Market Abuse

Korea Proposes 'Unlimited' Rewards for Reporting Stock Manipulation, Accounting Fraud

By Nithya Subramanian | 27/02/2026

The new rules remove reward caps and link payments of up to 30% of collected fines and penalties to incentivise insider reporting.

Supervision & Enforcement

New Zealand Consults on New Prudential Standards for Deposit Takers

By Sanday Chongo Kabange | 27/02/2026

The RBNZ is seeking feedback on five new standards covering governance, risk management, and disclosure under its new deposit-taking regime.

Supervision & Enforcement

BNM Fines KAF Investment Bank Over Foreign Exchange Breach

By Nithya Subramanian | 27/02/2026

KAF IB failed to obtain approvals for foreign currency transactions exceeding regulatory limits, highlighting the importance of compliance with foreign exchange rules.

Anti-Money Laundering

Australian Advice Bodies Seek Additional Guidance on New AML/CTF Rules

By Sanday Chongo Kabange | 27/02/2026

The FAAA and SMSF Association have told AUSTRAC that unclear definitions for reporting groups and inequitable due diligence arrangements risk undermining upcoming AML reforms.

Fraud, Scams & Cybercrime

Indian Authorities Arrest Four Involved in IDFC First Bank Fraud

By Nithya Subramanian | 26/02/2026

Former bank employees allegedly colluded with external parties to siphon funds through a complex scheme, prompting arrests and raising questions about IDFC First Bank's internal controls.

Fraud, Scams & Cybercrime

Asia Pacific and the Shape of Fraud to Come

By Bradley Maclean | 26/02/2026

As scams become an industrial operation in Asia-Pacific, the region offers a glimpse into the future of global digital fraud.