The Asia/Pacific Group on Money Laundering has completed the first APG-only onsite assessment under the Global 5th Round as part of Fiji’s mutual evaluation. The team held more than 70 meetings over two weeks to examine Fiji’s financial crime framework and its effectiveness in practice.

Bank Indonesia and the Central Bank of Timor-Leste have agreed to deepen cooperation on payment systems and digital financial innovation. The two central banks will explore QRIS Cross-Border connectivity to facilitate simpler, more efficient, secure and inclusive payments between their countries.

Former Big Un chief executive Richard Evans has been sentenced to one year and nine months’ imprisonment, served through an Intensive Correction Order, and 400 hours of community service for communicating inside information. He is also automatically disqualified from managing corporations for five years.

The State Bank of Pakistan has unveiled an industry-funded scheme offering PKR 16 billion in annual prizes to users of formal home remittance channels. Beneficiaries receiving at least USD 100 in each of three consecutive months can enter quarterly draws, with the first scheduled for Jan. 15, 2027. Participation is free and does not require a minimum balance.

The India International Financial Services Centres Authority has allowed Venture Capital Schemes and Restricted Schemes to issue unit classes with different distribution rights, facilitating blended finance and other fund structures. Junior or subordinate units carry minimum investments of USD 1 million for Accredited Investors and USD 2 million for others, with enhanced disclosure and independent valuation requirements. Eligible ESG Schemes may also accept grants that do not form most of their corpus.

The Vietnam State Securities Commission and Ministry of Finance are consulting on draft guidance for information disclosure in the securities market.

The Federal Deposit Insurance Corporation took receivership of Nano Banc and agreed to transfer substantially all deposits and approximately USD 476 million in assets to Sunwest Bank. Depositors retain immediate access to insured funds, and the sole branch will reopen as a Sunwest Bank branch on Sept. 28, 2026. The estimated cost to the Deposit Insurance Fund is USD 114 million.

The Cayman Islands Monetary Authority updated its AML and sanctions FAQs to clarify risk based independent audit requirements under rules effective Sept. 18, 2026. Firms are not required to conduct a new audit solely because the rules took effect, and they retain responsibility for compliance when AML functions are outsourced.

The Financial Action Task Force of Latin America advanced regional risk assessments for the insurance and nonprofit sectors after reviewing preliminary findings with authorities, specialists and industry representatives. The work identified regional risk patterns, jurisdictional differences and information gaps that will inform revised assessments.

The Federal Reserve Board has proposed a GENIUS Act framework requiring Board-supervised payment stablecoin issuers to maintain full backing with permissible reserve assets and meet capital and risk management standards. A separate proposal would establish a tailored application and review process for supervised banks seeking to issue payment stablecoins.

The National Association of Insurance Commissioners outlined how state regulators are tightening risk based oversight of complex and private investments, external ratings, affiliated relationships and life reinsurance. Measures include a 45% capital charge on residual structured securities, revised year-end 2026 CLO factors and standardized private investment reporting from year-end 2026. Regulators are also reviewing the first Actuarial Guideline 55 reinsurance filings and strengthening asset adequacy analysis for complex holdings.

The Commodity Futures Trading Commission updated its crypto FAQs to address tokenized forms of permitted customer-fund investments and the use of blockchain technology for registrant recordkeeping.