Payments & Settlements

South Korea Details New Youth Asset-Building Savings Account

26/04/2026

Launching in June, the ‘Youth Future Savings Account’ will offer government-matched contributions and tax breaks to support young people’s finances.

Data Privacy

Japanese Insurers Face New Scrutiny Over Toyota Data Breach

26/04/2026

Employees on loan from Tokio Marine, Mitsui Sumitomo, and Aioi Nissay Dowa improperly accessed information, raising fresh compliance concerns for the non-life sector.

Capital Adequacy

Bangladesh Bank Appoints Administrator to Troubled ICB Islamic Bank

26/04/2026

The move follows the board's dissolution last year amid a severe liquidity crisis, a negative capital adequacy ratio, and mounting losses.

KYC & CDD

Hyderabad Police Urge RBI to Overhaul Controls on Mule Accounts

25/04/2026

A major police investigation has uncovered systemic KYC failures and alleged staff collusion in the creation of fraudulent accounts.

Structural Regulation

South Korea Launches Public Portal to Reform Financial Rules

25/04/2026

The FSC is seeking public and industry input to identify and fix outdated, unfair, or inconvenient financial practices and regulations.

Anti-Money Laundering

Prince Group Executives Used Tokyo Luxury Real Estate - Reports

25/04/2026

Senior executives linked to the sanctioned Cambodian conglomerate purchased luxury Tokyo properties with cash.

AI Risk & Governance

FSC Korea to Bolster Support Network for Vulnerable Groups With AI

25/04/2026

The FSC plans to expand its finance-welfare-employment support programme with AI tools, proactive alerts, and new products for small businesses and the uninsured.

Structural Regulation

Australian Court Dismisses ASIC’s Continuous Disclosure Case Against Nuix

25/04/2026

ASIC has lost its civil penalty proceedings against software company Nuix, with the court dismissing all claims and ordering the regulator to pay costs.

PEPs & Sanctions

Sri Lanka Strengthens Targeted Financial Sanctions Framework

25/04/2026

The country has renewed its focus on freezing assets and restricting financial access for individuals and entities linked to terrorism financing, aligning with international standards.