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AML / KYC
Hyderabad Police Urge RBI to Overhaul Controls on Mule Accounts
By Nithya Subramanian | 25/04/2026
A major police investigation has uncovered systemic KYC failures and alleged staff collusion in the creation of fraudulent accounts.

Fintech / Regtech
South Korea Eases Network Separation Rules for SaaS Adoption
By Manesh Samtani | 25/04/2026
Financial firms can now use cloud-based software in internal networks, provided they meet strict new security controls and do not handle sensitive personal data.

Fintech / Regtech
Taiwan Launches Sovereign AI Project for Financial Sector
By Nithya Subramanian | 25/04/2026
A consortium of 16 financial institutions, backed by FSC, will develop a large language model trained on local laws to reduce reliance on foreign technology.

Fintech / Regtech
Sri Lanka Probes $2.5m Cyber Heist from Finance Ministry
By Nithya Subramanian | 25/04/2026
Hackers diverted a sovereign debt repayment intended for Australia, prompting an investigation into internal control failures and triggering calls for greater parliamentary oversight.

AML / KYC
India Finalises Online Gaming Rules, Imposing New Obligations on FIs
By Nithya Subramanian | 25/04/2026
New rules effective 1 May establish a gaming authority and prohibit FIs from processing transactions for prohibited online money games.

Crypto / Digital Assets
BIS Paper Calls for Bank-Like Prudential Rules for Crypto Intermediaries
By Manesh Samtani | 24/04/2026
New paper highlights systemic risks from crypto firms acting as financial intermediaries and recommends comprehensive prudential oversight and cross-border cooperation.

Fintech / Regtech
Abu Dhabi and Shenzhen's Futian District Partner on Financial Cooperation
By Editors | 24/04/2026
The agreement establishes a framework to enhance collaboration in financial innovation, AI in finance, and cross-border investment structures, including the QFLP framework.

Fintech / Regtech
RBI Proposes Overhaul of Prepaid Payment Instrument Rules
By Nithya Subramanian | 24/04/2026
The draft rules introduce stricter capital norms for non-banks, new wallet categories, and mandate interoperability to bolster the payments ecosystem.

Fintech / Regtech
Taiwan to Ease Ownership and Board Rules for Internet-Only Banks
By Mark Johnston | 24/04/2026
The proposed changes aim to help Taiwan's three digital banks raise capital and attract diverse investors after three years of operation, addressing significant operational losses.

Fintech / Regtech
Singapore Authorities Warn on Unlicensed Prediction Markets
By Nithya Subramanian | 24/04/2026
The warning comes as crypto-based platforms, blocked since 2024, see a surge in wagers on Singapore-related events, posing enforcement challenges.
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