Financial Crime

Credit Risk

Korea FSS to Targets Consumer Protection, Virtual Assets in 2026 Work Plan

By Editors | 10/02/2026

The regulator will shift to pre-emptive supervision of financial product design, manage real estate risks, and establish new frameworks for virtual assets and AI.

Cloud & Infrastructure

India’s ICAI and RBI Launch Real-Time Verification of Documents

By Nithya Subramanian | 10/02/2026

The MoU to enable real-time verification of UDINs aims to strengthen document authenticity, improve regulatory oversight, and reduce risks from forged financial documents.

Market Abuse

Hong Kong Jails Masterminds for 'Ramp-And-Dump' Securities Fraud

By Sanday Chongo Kabange | 10/02/2026

The duo used 'WeChat teachers' to promote stocks, then used naked short selling to make HKD 3.3 million in illicit profits.

Fraud, Scams & Cybercrime

Thai Military Raids Abandoned Scam Compound in Cambodia

By Mark Johnston | 10/02/2026

Seizure of O'Smach complex reveals industrial-scale fraud operations utilising fake regulatory facades and bank branches to facilitate transnational financial crime.

Cybersecurity

Singapore Mounts Largest Ever Cyber Operation in Response to Telco Threat

By Nithya Subramanian | 10/02/2026

Authorities led by the CSA and IMDA worked closely with the telcos to contain the threat posed by an APT actor, implement remediation measures and strengthen cyber defences.

Anti-Money Laundering

SFC Fines Asset Manager Kylin for Widespread Failures

By Sanday Chongo Kabange | 10/02/2026

The firm was penalised for conflicts of interest including undisclosed director loans, deficient KYC and AML controls, and misinforming investors.

Structural Regulation

Australia Urged to Mandate LEI Renewals to Safeguard Data Integrity

By Manesh Samtani | 10/02/2026

An industry leader calls for stronger regulatory enforcement to ensure data quality as the LEI's use expands beyond derivative reporting.

Supervision & Enforcement

RBI Issues Draft Amendments to Ease NBFC Branch Openings

By Nithya Subramanian | 10/02/2026

The central bank plans to streamline branch expansion for NBFCs, allowing faster growth and reducing regulatory hurdles.

PEPs & Sanctions

US Targets Chinese, Indian Firms in Iran 'Shadow Fleet' Sanctions

By Manesh Samtani | 10/02/2026

The measures name 15 entities and 14 vessels, including shipping managers in Hong Kong, mainland China, and India, for facilitating illicit trade.