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PEPs & Sanctions

US, Allies Name Vessels in Call for UN Action on DPRK Sanctions

By Manesh Samtani | 02/06/2026

The US and its allies have identified 12 vessels allegedly involved in illicit North Korean coal and iron ore exports, urging the United Nations to take action.

Operational Risk

HKMA Directs Banks to 'Sustain and Uplift' Operational Resilience

By Sanday Chongo Kabange | 02/06/2026

The regulator has outlined its expectations for firms to treat operational resilience as ‘business as usual’ following a multi-year implementation phase.

Fraud, Scams & Cybercrime

Korea Expands Account Freezing Powers to Combat New Phishing Scams

By Sanday Chongo Kabange | 02/06/2026

New guidelines will allow financial institutions to suspend accounts linked to romance and investment fraud, closing a key regulatory gap.

Cybersecurity

Korea Forms Expert Panel to Advise on AI Security and Network Rules

By Mark Johnston | 02/06/2026

The new advisory body will help shape policy on risks from advanced AI and the potential relaxation of the country's strict network segmentation rules for financial firms.

Market Risk

HKMA Outlines Good Practices for Market Risk Capital Rules

By Sanday Chongo Kabange | 01/06/2026

The regulator has shared key observations from thematic reviews on how banks calculate market risk capital charges under the final Basel III framework.

Operational Risk

MAS Details Expectations for Fund Manager Risk Frameworks

By Nithya Subramanian | 01/06/2026

A new guidance on risk management for fund managers highlights weaknesses in governance, due diligence, and ongoing monitoring found during inspections.

Operational Risk

MAS Outlines Stricter Expectations for Fund Valuation Practices

By Nithya Subramanian | 01/06/2026

The regulator has detailed its supervisory expectations for fund managers, emphasising robust governance, independent processes, and rigorous controls following thematic inspections.

Fraud, Scams & Cybercrime

Taiwan Proposes New Rules to Strengthen Anti-Fraud Defences

By Nithya Subramanian | 31/05/2026

The amendments aim to formalise data sharing between banks and VASPs, expand red flags, and streamline the return of victim assets.

Fraud, Scams & Cybercrime

Australia Details Mandatory Anti-Scam Codes for Key Sectors

By Sanday Chongo Kabange | 30/05/2026

New mandatory codes will require banks, telcos and digital platforms to prevent, detect and disrupt scams, with detailed provisions for consumer redress and liability.