Data Privacy

Singapore Investigates Data Breach at Telecommunications Services Provider

01/10/2026

The breach at Simba Telecom compromised names, identity card numbers, dates of birth, phone numbers and email addresses of 23,549 individuals.

Structural Regulation

Korea Mandates Annual Disclosure of Dormant Assets at FIs

01/10/2026

Financial firms will report dormant asset balances and refund performance annually as regulators seek to improve consumer recovery of inactive funds.

Payments & Settlements

ACCC Consults on Armaguard Cash Distribution Pricing Undertaking

01/10/2026

The ACCC is seeking feedback on interim pricing and service measures proposed by cash-in-transit provider Linfox Armaguard.

Payments & Settlements

China Onboards First Overseas Brokerages to Offshore RMB Trading Platform

01/10/2026

Five Hong Kong-based brokerages have joined China's offshore RMB foreign exchange trading platform, executing spot and swap transactions.

Structural Regulation

Korea Formalises Rules for Online Deposit Comparison Services

01/10/2026

The FSC has proposed regulatory amendments to formalise online deposit comparison services and strengthen consumer protection measures.

Fraud, Scams & Cybercrime

Hong Kong MPFA Enhances Vetting to Combat Fraudulent Early Withdrawals

01/10/2026

The MPFA has introduced stricter vetting procedures to deter fraudulent early withdrawals from pension accounts.

Cybersecurity

Korea Ramps Up Financial Software Supply Chain Security

01/10/2026

Korea's Financial Security Institute has launched a joint response platform to rapidly address software vulnerabilities across 178 financial institutions.

AI Risk & Governance

Shanghai Regulator Issues AI Guidelines for Banks and Insurers

30/09/2026

The Shanghai Financial Regulatory Bureau has introduced 16 measures to guide the safe, compliant, and strategic application of AI across the financial sector.

Anti-Money Laundering

PBOC Fines Four Banks Over AML And Data Security Failures

30/09/2026

China's central bank has penalised four commercial banks and 32 individuals for a raft of compliance failures related to AML and data governance.