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Supervision & Enforcement
China to Enforce Tax on Offshore Trusts as Grace Period Ends
22/10/2026
China's tax authority is enforcing a 20 percent levy on offshore trusts, with the penalty-free compliance window now closed.

Cybersecurity
Japan Conducting Latest ‘Delta Wall’ Exercise to Boost Industry Cyber Defences
22/10/2026
The FSA has launched its annual cross-industry cybersecurity exercise amidst rising frontier AI threats and recent data leaks.

Fraud, Scams & Cybercrime
Korea Launches Serious Crimes Agency to Tackle Financial Offences
22/10/2026
South Korea's newly established Serious Crimes Investigation Agency will target white-collar crime and investigate recent cyberattacks on financial institutions.

Supervision & Enforcement
ASIC Penalises Visy and Pratt Group A$4.15m for Late Reporting
22/10/2026
21 companies within Australia's Visy and Pratt group have paid infringement notices totalling AUD 4.15 million for late financial reporting.

Cloud & Infrastructure
IBK Expands Corporate Public MyData Service to Deposit Operations
22/10/2026
IBK plans to extend the service to corporate cards by year-end and later to remote corporate banking products.

Stablecoins
Japan Explores Use of Stablecoins to Distribute Public Subsidies
22/10/2026
Japanese ministries are evaluating the use of stablecoins and tokenised deposits for public subsidies, government bonds, and interbank settlements to enhance efficiency.

Emerging Prudential Risks
Google Cloud Outage Disrupts UK Banks, Highlighting Concentration Risk
22/10/2026
A power failure at a London data centre temporarily crippled major UK financial services, exposing vulnerabilities in global cloud infrastructure reliance.

Anti-Money Laundering
Philippines Secures Forfeiture of Terror-Linked Funds
22/10/2026
The AMLC announced that a Manila court has ordered the forfeiture of funds linked to an ISIL facilitator.

Tokenisation
South Korea and UK Deepen Ties on Tokenisation Projects
22/10/2026
BOK and BOE are expanding collaboration on digital currency initiatives, focusing on asset tokenisation, cross-border payments, and regulatory safeguards.

AI Risk & Governance
Taiwan to Criminalise Smuggling of AI Chips to Mainland China
22/10/2026
Taiwan plans to classify the unauthorised export of advanced AI chips and servers to China as a criminal offence.
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