Trending

KYC & CDD

Hong Kong Banks Tighten Rules on Mainland Client Accounts

By Sanday Chongo Kabange | 29/05/2026

Lenders are requiring new declarations on fund origins and raising account opening thresholds following new directives from local regulators.

Tokenisation

Project Agora Finds No Legal Barriers to Tokenised Cross-Border Payments

By Manesh Samtani | 28/05/2026

BIS-led project involving seven central banks has concluded its prototype for tokenised payments is compatible with existing legal frameworks.

Structural Regulation

Australia Finalises Three-Tiered Prudential Framework for Banks

By Sanday Chongo Kabange | 28/05/2026

APRA has formalised a three-tiered framework for banks, creating a new top tier and raising the threshold for 'significant' institutions to enhance proportionality.

Cryptocurrency

Korea to Mandate Reporting for Cross-Border Crypto Transactions

By Sanday Chongo Kabange | 28/05/2026

New amendments to the Foreign Exchange Transactions Act will require virtual asset service providers to register and report all cross-border transfers to the central bank.

Cryptocurrency

Hong Kong Finalises Rules for Retail Funds’ Crypto and Staking Activities

By Sanday Chongo Kabange | 28/05/2026

The SFC has detailed requirements for authorised funds to invest in spot virtual assets and engage in staking, while clarifying the treatment of licensed stablecoins.

Clearing & Post-Trade

Korea Pushes Ahead with T+1 Settlement, Debates Timeline

By Manesh Samtani | 27/05/2026

KRX will draft T+1 standards this year, but financial firms and foreign investors are cautioning against a rushed implementation.

Trading & Investment

Korea Launches First-ever Leveraged and Inverse Single-Stock ETPs

By Nithya Subramanian | 27/05/2026

The launch of new products tracking Samsung and SK hynix was met with immediate trading halts, huge investor demand, and a crashed website.

Anti-Money Laundering

AUSTRAC Updates Non-Profit Sector Terrorism Financing Risk Indicators

By Sanday Chongo Kabange | 27/05/2026

AUSTRAC has updated its risk assessment for the non-profit sector, detailing new risk signals for financial institutions.

PEPs & Sanctions

UK Sanctions Crypto Exchange HTX in Russia Evasion Crackdown

By Manesh Samtani | 27/05/2026

New measures apply banking-style restrictions to crypto exchanges for the first time, targeting Russia’s financial lifelines.