Financial Crime

Cryptocurrency

Philippines Bans Banks From Dealing with Unregistered Crypto Firms

By Sanday Chongo Kabange | 03/02/2026

New rules prohibit dealings with unlicensed virtual asset service providers and restrict retail customer access to offshore platforms.

Fraud, Scams & Cybercrime

China to Impose Strict New Cybercrime Duties on Financial Firms

By Manesh Samtani | 03/02/2026

New rules mandate dynamic ID checks, payment monitoring, and cross-border asset freezes, with heavy penalties for non-compliance by financial service providers.

Anti-Money Laundering

FSC Korea to Double Pool of Appointed AML Sanctions Committee Experts

By Mark Johnston | 03/02/2026

The FSC has proposed expanding its sanctions committee to handle a rising caseload and ensure diverse expertise in deliberations.

Market Abuse

South Korea Deploys AI to Combat Stock and Crypto Market Manipulation

By Manesh Samtani | 02/02/2026

Regulators are launching parallel AI systems to detect pump-and-dump schemes in both capital and virtual asset markets.

Anti-Money Laundering

Indonesia FIU Flags IDR 2 Quadrillion in Suspect Funds from 2025 STRs

By Editors | 02/02/2026

PPATK highlights significant flows from illegal mining and tax evasion, while noting a 20% drop in online gambling transactions.

Structural Regulation

Taiwan Eyes Tax Breaks, New Regulations to Develop Wealth Hub

By Manesh Samtani | 02/02/2026

FSC links financial sector expansion to national security, while defending controversial accounting changes for the island's US$1 trillion insurance industry.

Fraud, Scams & Cybercrime

Bangladesh Plans to Launch Central Registry to Prevent Mortgage Fraud

By Editors | 02/02/2026

The new system will create a central registry for collateral, mandatory for large loans, to prevent the use of single assets for multiple borrowings.

AI Risk & Governance

Malaysia to Table AI Governance Bill to Boost Investor Confidence

By Nithya Subramanian | 02/02/2026

The bill is aimed at tackling deepfakes and AI-enabled scams while providing legal clarity to support responsible innovation, strengthen public trust and attract domestic and foreign investment.

Anti-Money Laundering

EU, Vietnam Agree to Cooperate on Banking Supervision, AML, Sustainable Finance

By Mark Johnston | 02/02/2026

New Comprehensive Strategic Partnership includes commitments to align financial standards, combat sanctions circumvention and develop emissions trading systems.