Fraud, Scams & Cybercrime

Philippines: New Legislation Targets Abusive Digital Debt Collection

29/09/2026

A proposed Philippine law seeks to expand regulatory powers over digital lenders and establish a verified identity system for debt collectors.

KYC & CDD

Philippines Approves Project to Upgrade Digital National ID

29/09/2026

Government approved a PHP 2.48 billion public-private partnership to upgrade the country's digital national identity infrastructure.

Conduct, Culture & Accountability

Korea Urges Bank Holding Companies to Ensure Fair Succession Procedures

29/09/2026

Korea’s FSS has directed bank holding companies to ensure transparent, merit-based succession processes for their subsidiaries and significantly strengthen internal controls.

Capital Adequacy

RBNZ Orders Independent Review of TSB Capital, Liquidity Ratios

29/09/2026

RBNZ has required TSB to commission an independent report following self-identified regulatory reporting issues.

Anti-Money Laundering

Hong Kong Insurance Authority Fines FWD Over AML Failures

29/09/2026

The IA has penalised FWD Life Insurance following an on-site inspection that uncovered multiple AML and CTF control deficiencies.

Tokenisation

ICMA Calls For Smart Contract Harmonisation In DLT Bond Markets

29/09/2026

New ICMA paper urges regulators and market participants to harmonise smart contract standards to scale DLT-based fixed income markets.

Fraud, Scams & Cybercrime

Indonesia Orders DANA to Investigate QR Credit Card Fraud

29/09/2026

The central bank has directed the digital wallet provider to rectify security weaknesses and reimburse affected consumers following unauthorised transactions.

Credit Risk

Chinese Banks Instructed to Exclude Vanke Loans From Non-Performing Books

29/09/2026

Chinese financial regulators have issued informal guidance to large banks, requesting they avoid classifying overdue Vanke loans as non-performing.

Structural Regulation

Philippine SEC Tightens Audit Rules for Government Contractors

29/09/2026

The SEC has expanded its oversight of major government contractors and elevated qualification standards for external auditors.