Financial Crime

Fraud, Scams & Cybercrime

Taiwan Proposes Stricter Bank Account Rules to Combat Fraud

By Mark Johnston | 17/02/2026

Draft rules expand suspicious account definitions, empower banks to refuse transactions, and allow direct notification to prosecutors for urgent cases.

Liquidity Risk

Philippines Central Bank to Cut Reserve Ratios, Overhaul Reporting

By Sanday Chongo Kabange | 16/02/2026

New rules effective 27 February will reduce reserve requirements on certain liabilities and consolidate multiple reports into a single weekly submission for banks and quasi-banks.

KYC & CDD

BOT Drafts Stricter Rules for Cash Transactions to Curb Financial Crime

By Mark Johnston | 16/02/2026

The BOT is consulting on new rules requiring identity verification for cash deposits and withdrawals to combat illicit financial flows.

Supervision & Enforcement

Australia: Wealth Platforms Stop Business with Sequoia's InterPrac

By Sanday Chongo Kabange | 16/02/2026

BT, AMP, and CFS join Macquarie and Netwealth in ceasing new business from InterPrac following the collapse of the Shield and First Guardian funds.

Anti-Money Laundering

Thailand's AMLO Seeks Forfeiture of THB 13b in Scam-Linked Assets

By Mark Johnston | 16/02/2026

AMLO moves to forfeit assets across four major fraud cases tied to Cambodia-based criminal networks and their Thai associates.

Conduct, Culture & Accountability

FSS Imposes KRW 1.4T in Fines on Five Banks for ELS Mis-Selling

By Mark Johnston | 16/02/2026

South Korea's FSS reduced penalties from an initial KRW 1.9 trillion, lowering both fines and institutional sanctions after a third sanctions review hearing.

Anti-Money Laundering

What Singapore’s AML Leaders Are Learning About AI – the Hard Way

By Bradley Maclean | 16/02/2026

A closed-door industry roundtable highlights how MAS scrutiny, auditor oversight and data constraints are turning AI adoption from a compliance solution into a more exacting test of execution and accountability.

Supervision & Enforcement

Hong Kong to Legislate for Bank Holding Company Supervision

By Manesh Samtani | 16/02/2026

HKMA plans a 2026 bill to formalise oversight of unregulated bank parents and gain new powers to appoint investigators.

Fraud, Scams & Cybercrime

Cambodia Drafts New Law to Bolster Crackdown on Online Scams

By Nithya Subramanian | 16/02/2026

The draft law is a high-priority move to protect the public, safeguard Cambodia’s digital economy and curb escalating technology-based fraud losses.