Financial Crime

Fraud, Scams & Cybercrime

ASIC Urges Super Funds to Address "Serious Gaps" in Scam Defences

By Sanday Chongo Kabange | 05/02/2026

A review found superannuation funds lag major banks on scam warnings, prompting calls for urgent action to adopt new standards.

Conduct, Culture & Accountability

Korea to Tighten Bank Branch Closure Rules in New Consumer Push

By Editors | 05/02/2026

FSC to mandate impact assessments for most branch closures from March and outlines a four-pillar plan to bolster consumer protection.

Cryptocurrency

Coinbase Accuses Australian Banks of 'Systemic Debanking'

By Sanday Chongo Kabange | 04/02/2026

Coinbase has urged lawmakers to legislate transparency measures, arguing current bank practices threaten competition and innovation in the country.

Fraud, Scams & Cybercrime

South Korea to Ban Executives for Accounting Fraud in Transparency Push

By Manesh Samtani | 04/02/2026

Regulators will impose market exit penalties, mandate external oversight for major audit firms, and penalise low-ball audit bids to boost investor confidence.

Fraud, Scams & Cybercrime

MAS Highlights Challenges in Halting Authorised Push Payment Fraud

By Nithya Subramanian | 04/02/2026

MAS Chairman explains the complexity of distinguishing legitimate from fraudulent self-authorised transactions.

Supervision & Enforcement

Australia Unveils Sweeping Audit and Consultancy Reforms

By Sanday Chongo Kabange | 04/02/2026

The reforms include a 100-fold increase in fines for promoting tax exploitation schemes and a plan to merge key standards bodies.

Conduct, Culture & Accountability

South Korea Issues New Conflict of Interest Rules for Banks

By Manesh Samtani | 04/02/2026

The guidelines, effective from July, broaden the definition of related parties and impose stricter controls.

Anti-Money Laundering

Taiwan Proposes New Anti-Fraud Reporting Mechanism for Banks

By Sanday Chongo Kabange | 04/02/2026

The proposals include a new reporting channel to prosecutors and expand the definition of suspicious accounts to combat financial crime.

Conduct, Culture & Accountability

Korea FSS Fines Five Brokerages KRW 3b for ELS Mis-Selling

By Mark Johnston | 04/02/2026

Regulators have fined five firms and outlined specific sales practice violations at each, from bypassing recording rules to improper advertising.