Financial Crime

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.

PEPs & Sanctions

Australia Sanctions Iranian Officials, Entities Over 'Brutal Oppression'

By Editors | 12/05/2026

Sanctions and travel bans have been imposed on seven individuals and four entities, including those linked to Iran’s shadow banking system.

PEPs & Sanctions

Report Calls on US to Designate Hong Kong a ‘Money Laundering Concern’

By Manesh Samtani | 12/05/2026

Report alleges Hong Kong is a key hub for Iranian sanctions evasion and calls for action against the city’s banking and crypto sectors.

Cryptocurrency

Korea Mandates Registration for Overseas Crypto Transfers - Report

By Mark Johnston | 12/05/2026

A new law requires virtual asset service providers to register with the finance ministry, bringing cross-border flows under the country's foreign exchange controls.

Anti-Money Laundering

Good is No Longer Enough: FATF’s Core Message to Singapore

By Manesh Samtani | 12/05/2026

The strength of Singapore’s AML framework was affirmed, but the SGD 3 billion case has moved the goalposts from compliance to effectiveness.