Vietnam has introduced temporary measures to strengthen its anti-money laundering framework. It requires financial institutions to collect and clarify how they identify beneficial owners.
Asia
Posted inSanctions
Why the rise of countersanctions is increasing compliance risks on multiple fronts
Compliance teams in global companies are already grappling with constantly evolving sanctions regimes in the US, UK, and EU. Now, they must also watch countersanctions emerging in countries including Russia and China.
Posted inAsia
China’s draft Anti-Cross-Border Corruption Law adds compliance burden on foreign companies
China’s draft Anti-Cross-Border Corruption Law seeks to prevent and punish cross-border corruption, cracking down on corruption conducted across borders, both domestic companies bribing foreign officials and foreign companies bribing officials in China.
Posted inBest Practices
China’s “Mythos moment” is coming. Its release gate is already built.
China’s “Mythos moment” is coming. Its release gate is already built. Washington spent June 2026 governing Mythos-level models for the first time: Systems whose autonomous cyber and agentic capabilities register as national security consequences. The label borrows from Anthropic’s Mythos 5, restricted that month; the government’s attention also reached OpenAI’s GPT-5.6. No Chinese lab has […]
Posted inRegulators
FCA appoints attachés to India, UAE as part of effort to boost U.K. financial services
The U.K.’s Financial Conduct Authority has appointed two financial services attachés in India and the UAE to help boost the regulator’s presence in key global financial markets and to drive investment into the UK economy.
Posted inAsia
Singapore’s AML framework has a gap against financial crime, FATF finds
Singapore performs well on detecting and prosecuting financial crime, according to a new FATF and APG report, but enforcement still struggles to target the organizers behind its growing cyber-fraud problem.
Posted inArtificial Intelligence
Asia-Pacific central banks weigh AI governance to safeguard financial stability
Central banks in the Asia-Pacific (APAC) countries are taking steps to develop artificial intelligence governance frameworks for financial institutions, as regulators are seeking to balance innovation with emerging risks and safeguard financial stability.
Posted inData Privacy
India’s data privacy rules entering enforcement phases, raising compliance stakes for U.S. financial firms
India’s Digital Personal Data Protection Act soft enforcement period will end in November. With more active enforcement to follow, financial institutions that failed to comply could face penalties of up to $26.2 million.
Posted inBest Practices
Practitioner lessons from Prudential Life of Japan’s scandal
Prudential Life Insurance’s scandal in Japan attracted limited attention in the West when it broke in January, but six months on, it has become one of the most consequential compliance failures seen this year.
Posted inBest Practices
AI, Data, and the Compliance Mandate: Lessons from APAC
AI governance is no longer a future-state exercise. It is a current control environment issue.