Financial Crime

Anti-Money Laundering

BNM Fines 11 Money Services Firms for Regulatory Breaches

By Editors | 02/01/2026

Bank Negara Malaysia has penalised multiple money services businesses for failures relating to AML/CDD, capital shortfalls, and reporting.

Supervision & Enforcement

China Opens Consultation on Revisions to Banking Supervision Law

By Mark Johnston | 02/01/2026

Draft law extends supervision to actual controllers and significantly raises fines to tackle risks from the 'hollowing out' of banks.

Fraud, Scams & Cybercrime

South Korea's Anti-Voice Phishing Crackdown Shows Early Success

By Manesh Samtani | 31/12/2025

Fraud losses have fallen in recent months following a government crackdown that includes new liability rules for financial firms and enhanced detection platforms.

Fraud, Scams & Cybercrime

Taiwan FSC Fines Shanghai Commercial Bank Over Staff Fraud, Control Lapses

By Sanday Chongo Kabange | 31/12/2025

The FSC cites systemic failures in monitoring, access controls, and corporate culture; orders the bank to increase its operational risk capital.

Anti-Money Laundering

Thailand: BOT, AMLO Tighten Scrutiny on Gold Trading Amid Baht Pressure

By Sanday Chongo Kabange | 31/12/2025

A new task force will target UBOs and suspicious online activity to curb money laundering risks and currency strength.

Fraud, Scams & Cybercrime

HKMA Announces Launch of New 'Money Safe' Service at All Retail Banks

By Sanday Chongo Kabange | 31/12/2025

All 28 retail banks are required to offer the deposit-locking service with mandatory in-person verification from 31 December.

Anti-Money Laundering

New BSP Paper Argues Against Demonetisation to Fight Crime

By Manesh Samtani | 31/12/2025

Discussion paper calls demonetisation a "blunt instrument" and urges broader institutional reforms to fight financial crime.

Supervision & Enforcement

Bangladesh Bank Finalises Framework for Move to Risk-based Supervision

By Editors | 31/12/2025

BB detailed its restructured supervisory organogram, new reporting requirements, and engagement protocols ahead of the January 2026 transition.

Structural Regulation

China Revises Foreign Trade Law, Imposing New Compliance Duties on FIs

By Sanday Chongo Kabange | 30/12/2025

The new law, effective 1 March, empowers China to blacklist foreign entities and mandates that banks block related transactions.