The National Bank of the Kyrgyz Republic canceled the registrations of One Click operator MAER Soft and MaxPay operator PO MaxPay as international electronic money system operators.
The National Bank of the Kyrgyz Republic fined a payment organization and payment system operator KGS 1,081,609 for automated systems, data retention and customer due diligence breaches.
The Mauritius Financial Services Commission has appointed Prabha Chinien as chief executive, effective Aug. 31, 2026. Chinien has served as registrar of companies and director of the Insolvency Service since 1989.
The Cyprus Securities and Exchange Commission warned that 10 named websites are not linked to entities authorized to provide investment services or conduct investment activities. Investors should verify a firm’s licensing status on the commission’s website before doing business with it.
South Africa’s Financial Sector Conduct Authority and its partners announced the national launch of Money Smart Week South Africa 2026, with the campaign running from Aug. 24 to 30. The initiative will offer free financial education through workshops, webinars, community events and other activities.
Ukraine's National Securities and Stock Market Commission reviewed selected 2026 securities issues with a combined nominal value above UAH 18.6 billion. Companies are using the market to fund defense production, relocation, energy, lending, bank capitalization and business development. The figure reflects nominal issuance volume rather than guaranteed proceeds.
The Tanzania Insurance Regulatory Authority called on insurers to widen public access to insurance education, services and products under National Development Vision 2050. It also urged companies to increase sector investment to support financial protection and economic growth.
The Tanzania Insurance Regulatory Authority urged insurers to strengthen capital, investment, technology and fraud controls while improving profitability and service quality. The authority linked these priorities to broader insurance access and implementation of the National Development Vision 2050.
The European Securities and Markets Authority will launch its new weekly commodity derivatives position reporting framework on Sept. 3, 2026. Market participants must use the updated requirements, technical specifications and validation rules under XML schema version 2.0, with supporting documentation now available.
The Central Bank of Iceland’s latest market survey shows higher expectations for 2026 inflation and a 0.25 percentage point key rate increase to 8% in the third quarter. One-year inflation expectations remain at 3.9%, while respondents expect rate cuts to begin in the first quarter of 2027.
Cyprus investment fund assets increased 2.5% to EUR 8.38 billion between March and June 2026, while the number of funds rose from 351 to 353.
The Guernsey Financial Services Commission is updating its website to help users, search engines and AI tools distinguish archived documents from current information. Archived material will include watermarks, metadata and explanatory landing pages, with links to newer versions where available. The changes will take effect during the week of Aug. 17.
The Astana Financial Services Authority warned of suspected organized fraud involving individuals impersonating licensed firm Venera Capital Ltd. The scheme allegedly used fake documents and websites to solicit USDT and peer-to-peer payments before obstructing withdrawals, and AFSA urged investors to verify firms through its Public Register.
Kazakhstan’s financial regulator discussed supervisory cooperation with U.S. Assistant Secretary of State Paul Kapur and expressed readiness to join the SEC’s technical assistance program for Central Asia. Potential work would cover securities market supervision, automation, risk-based approaches and self-regulatory organizations.
The agency approved two insurance sector executives, including a chief accountant and a deputy head and member of an executive body.
The Securities and Exchange Commission of Zimbabwe listed South People Asset Management and Baker Tilly Trustee Services as the asset manager and trustee, respectively, for the Property X-Pay As You Go Property Acquisition Fund.
The Securities and Exchange Commission of Zimbabwe listed Switzview Green Energy Investments Fund, managed by Switzview Asset Management with Kreston Trustee Services as trustee.
The Securities and Exchange Commission of Zimbabwe listed Tigere Real Estate Trust as a collective investment scheme, with Terrace Africa Private Limited as asset manager and ZB Trustee Services as trustee.
The Securities and Exchange Commission of Zimbabwe listed TN Asset Management as asset manager and CABS Trustee Services as trustee for the Morgan and Company Multisector Exchange Traded Fund.
The Securities and Exchange Commission of Zimbabwe listed MHMK Capital Private Limited as asset manager for the Paddington Property Unit Trust, with Kreston Trustee Services as trustee.
State Bank of Pakistan Governor Jameel Ahmad said the current monetary policy stance remains appropriate for the 5% to 7% medium-term inflation target. The central bank projects FY27 growth of 3.5% to 4.5%, remittances of USD 44 billion and foreign exchange reserves exceeding USD 21 billion, while emphasizing the need for continued reforms.
European Central Bank analysis finds that Chinese manufacturers receive broader and more intensive government support than peers in the United States and euro area, with subsidized strategic sectors tending to record stronger exports. Global support in the OECD dataset reached USD 108 billion in 2024. Subsidies may reshape trade in key industries but are unlikely to drive aggregate global imbalances on their own.
Employment at Luxembourg credit institutions reached 26,560 as of June 30, 2026, rising by 70 quarter on quarter and 166 year on year.
The Reserve Bank of Australia’s balance sheet contracted by AUD 2.16 billion to AUD 358.51 billion as of Aug. 12. Declines in gold and foreign exchange and Australian dollar investments were mainly transaction-driven, while higher Exchange Settlement balances were offset by a larger fall in other deposits.
The Central Bank of the UAE reported that gross bank credit rose by 0.9% to AED 2,757.8 billion in June 2026, driven mainly by a 3.5% increase in foreign credit. Bank deposits grew by 0.3% to AED 3,472.8 billion, while M2 increased by 0.8% to AED 2,876.6 billion.
The Central Bank of Madagascar is seeking a candidate to serve as liquidator of one or more microfinance institutions.
The Central Bank of Russia reported that the current account surplus widened to USD 21 billion in the second quarter from USD 2 billion a year earlier. Goods exports rose 27% to USD 126 billion, outpacing a 16% increase in imports to USD 87 billion, while the services deficit was broadly unchanged.
The Central Bank of Russia has proposed requiring professional market participants, including cryptocurrency exchange offices, to reflect cryptocurrency risks in prudential ratios. Only exchange-traded cryptocurrencies registered with crypto depositories could be recognized in equity calculations, subject to a 25% cap on included asset value.
Moldova's government approved a draft law establishing a unified framework for the authorization, supervision and operation of central securities depositories. It also strengthens settlement rules, including measures for failures and delays, and improves the framework for cross-border depository links.
The China Securities Regulatory Commission identified accounting and disclosure errors in a sample review of listed companies’ 2025 annual reports, including in revenue, financial instruments, business combinations, impairment and research and development expenditure. Of the companies filing on time, 214 received non-standard audit opinions. The commission will pursue follow-up regulatory action, align supervisory approaches and strengthen practical guidance.
The Angola Insurance Authority has outlined a new regime expanding mandatory co-insurance to oil, mining, civil aviation, transport and specified public infrastructure. The framework introduces competitive selection of lead insurers, policyholder choice, governance through agreement-level general assemblies and external audits of financial flows.
The Botswana Non-Bank Financial Institutions Regulatory Authority has opened applications for a one-year graduate internship in records and archives management. No experience is required, and applications close at 5 p.m. on Aug. 28, 2026.
The Central Bank of the Philippines outlined a digital inclusion agenda focused on affordability, accessibility and financial health rather than account ownership and transaction volumes alone. Its measures include low-cost Basic Deposit Accounts, interoperable payments, community QR payments, financial education and stronger consumer protection.
The Central Bank of the Philippines confirmed that Rural Bank of Bauang Inc. has changed its corporate name to North Star Bank (A Rural Bank) Inc., following central bank authorization on March 3, 2026, and Securities and Exchange Commission approval on April 13, 2026.
Bank Indonesia urged BRICS members to deepen cooperation on local currency use, cross-border payments and domestic artificial intelligence capacity. It also backed digital public infrastructure, greater climate finance access for developing countries and a stronger role for those countries in global economic governance.
Bank Indonesia emphasized the Rupiah’s role as legal tender and the unit of value in the digital payment ecosystem. Its 2026 currency festival also focuses on Rupiah literacy, currency integrity and sustainable management, including the reuse of shredded banknote waste.
The Hong Kong Monetary Authority reported that Exchange Fund foreign assets rose by HKD 13.8 billion in July to HKD 3,694.5 billion. The Monetary Base stood at HKD 2,080.1 billion, with foreign liabilities of HKD 139.9 billion.
The Hong Kong Monetary Authority has published an HKICL warning about two fraudulent websites impersonating HKICL and offering purported FPS buyer protection services. The sites seek identity and bank account information and direct users to fake customer service personnel.
The Hong Kong Monetary Authority has highlighted bank-issued warnings about fraudulent websites, fake login screens, phishing emails and other scams. Customers should not respond to messages or calls requesting login credentials or one-time passwords and should contact their bank and the police if affected.
The National Bank of the Kyrgyz Republic suspended three exchange bureau licenses for regulatory violations, with the suspensions running for specified periods between Aug. 13 and Aug. 28, 2026.
The ADGM Financial Services Regulatory Authority and the UAE General Commercial Gaming Regulatory Authority established a formal framework for cooperation and information exchange. It covers supervisory coordination, policy dialogue and investigative assistance while preserving each regulator’s independent mandate.
The Kazakhstan financial regulator approved Medeu Yedil Akhmetkaliuly for senior roles in the pension services market and Maral Kulmamirova as deputy chief accountant of BCC Invest.
The Vietnam State Securities Commission has directed 11 individuals to pay a VND 1 million fee to complete the securities practice certificate process. Issued certificates will be canceled if recipients do not complete collection procedures within one year of the notice.
The Bank of Korea reported that seasonally adjusted M2 rose 0.7% month on month in June 2026, while M1 increased 0.4%. Financial institution liquidity grew 1.0%, and overall liquidity increased 0.8%.
South Korea's Financial Services Commission reported that household loans increased by a preliminary KRW 6.2 trillion in July, slowing from KRW 8.3 trillion in June. Mortgage and other loan growth both moderated. Financial companies must direct additional capacity created by revised annual targets toward eligible non-speculative homebuyers and renters, without treating it as a general easing of lending controls.
Thailand’s Office of Insurance Commission has launched a road safety and compulsory motorcycle insurance campaign at five colleges after survey data showed about 32% of motorcycles used by young people were uninsured. The campaign will explain available coverage and seek to increase compulsory insurance among students in high-risk areas.
People's Bank of China Deputy Governor Zou Lan joined BRICS discussions on the global economy, the Contingent Reserve Arrangement and cooperation in areas including cross-border payments and financial technology.
Bank Negara Malaysia reported that the economy grew 6% in the second quarter, supported by domestic demand, investment and technology-related exports. It expects 2026 growth around 5%, within its 4% to 5% forecast range. Headline inflation is projected at 1.5% to 2.5% for the year despite higher external cost pressures.
The Reserve Bank of Australia welcomed the Treasurer’s appointment of Melinda Cilento to the Monetary Policy Board. She succeeds Ian Harper, whose term ends on Aug. 31.
The Securities and Exchange Board of India has proposed simplified digital KYC for individuals resident outside India, removing the need for physical presence for clients from Financial Action Task Force-compliant countries. The proposals would make KYC records portable across securities intermediaries and strengthen safeguards for video verification. Comments are due by Sept. 4, 2026.
The Vietnam State Securities Commission selected a consortium for a VND 23.56 billion cybersecurity and IT infrastructure support contract covering 2026-2029. The lump-sum contract will run for 1,125 days from its effective date.
The South Korea Financial Services Commission reported that household lending rose by KRW 6.2 trillion in July, down from KRW 8.3 trillion in June as growth in mortgages and other loans slowed. Authorities also reviewed implementation of the Aug. 13 housing finance package, including expanded project finance guarantees, a new KRW 3 trillion distressed-project fund and adjusted lending targets for end users. Measures that can be implemented quickly are due to take effect in August 2026.
The Bank of Korea reported that Korean won-based export prices rose 49.1 percent year on year in July 2026, while import prices increased 18.7 percent. Export and import volumes grew 20.0 percent and 14.7 percent, respectively. The net barter terms of trade improved 24.7 percent.
Hong Kong has reappointed Clement Cheung Wan-ching as chief executive officer of the Insurance Authority. His new three-year term runs from Aug. 15, 2026, to Aug. 14, 2029.
Eva Lau Kin-yu was appointed as an Accounting and Financial Reporting Council executive director for a three-year term ending Aug. 13, 2029, while continuing as head of inspection.
The British Columbia Securities Commission alleged that Jatinder Singh Bal committed fraud by using nearly CAD 300,000 of Goldeneye Resources’ private placement proceeds to repay another company’s debt. It also alleged disclosure violations by Goldeneye and Bal, with the claims remaining unproven.
The U.S. Securities and Exchange Commission charged Andrew Spaventa and three controlled entities over an alleged USD 74 million pre-IPO fund fraud affecting more than 800 mostly retail investors. The SEC alleges they concealed markups averaging about 46% and collected approximately USD 23 million in upfront fees. It seeks injunctions, disgorgement, civil penalties and conduct-based restrictions against Spaventa.
The Australian Financial Complaints Authority is consulting on a fiscal 2026-27 schedule limited to two Approach documents. Feedback is due by Sept. 4, 2026, and the final timing and priorities will reflect regulatory developments, resources and complaint-resolution needs.
The Brazil Securities Commission will provide a 16-hour securities market course for finance, treasury and audit staff at Rioprevidência on August 17, 18, 24 and 27. The initiative accompanies talks on a technical cooperation agreement to restore a financial education partnership.
The Brazil Securities Commission discussed regulatory priorities, technology modernization and capital markets tokenization with the US Securities and Exchange Commission. The meeting was part of a broader US mission involving public authorities, academics, technology companies and international organizations.
The Reserve Bank of New Zealand has maintained its existing mortgage LVR restrictions after concluding that housing risks remain contained. The current allowances for higher-LVR owner-occupier and investor lending remain unchanged, alongside existing debt-to-income restrictions. The next review is intended in around 12 months but may be brought forward.
Palau's Financial Institutions Commission completed training on the full lifecycle of risk-focused on-site bank examinations. The program covered examination planning, evidence-based CAMELS ratings, working papers and reports that support supervisory action.
The Central Reserve Bank of Peru held its reference rate at 4.25% in August as headline inflation rose to 4.1% in July, driven mainly by earlier fuel and transport-cost shocks, while economic activity remained resilient. It expects inflation to return to target and settle around 2% over the forecast horizon but will adjust its monetary stance if necessary.
The Financial Superintendency of Colombia announced that César Ferrari submitted his irrevocable resignation as superintendent and will remain in office until it is accepted. His tenure since May 2023 included advancing open finance, modernizing supervision and streamlining regulatory instructions.
The U.S. Securities and Exchange Commission charged three New Jersey residents over an alleged USD 47 million affinity fraud that caused more than USD 25 million in investor losses. The SEC alleges that Leor Moshe misappropriated more than USD 11 million, while Jacob Goldman and Isaac Odes raised more than USD 23 million as unregistered brokers.
The Argentina Securities Commission reviewed its expanded securities tokenization regime, extended regulatory sandbox and measures to simplify capital market access. Officials also highlighted financial trusts for mortgage securitization, an investment fund dedicated to mortgage lending and the first REIT mutual fund.
Argentina’s Superintendency of Insurance reviewed its deregulation, modernization and enforcement measures aimed at strengthening solvency and supervision. Superintendent Guillermo Plate identified risk-based supervision, risk-based capital and further regulatory adjustments as the sector’s next priorities.
The Central Bank of Aruba reported 13% annual growth in second-quarter stay-over visitors and a rebound in business sentiment to 107.5. Consumer confidence improved but remained pessimistic, while end-quarter inflation rose to 2.4%. Construction permit values increased to AWG 321.3 million.
The Central Bank of Uruguay resumed its nationwide financial education program with an event for more than 500 secondary school students in Durazno. Further sessions covering practical financial decision-making are scheduled for Sept. 4 in Salto and Sept. 16 in Mercedes.
The Federal Reserve Bank of New York reported that the Federal Reserve and US Treasury did not intervene in foreign exchange markets during the second quarter of 2026. The broad trade-weighted dollar was little changed as gains against advanced economy currencies offset declines against emerging market currencies.
Bolivia's Ministry of Economy and Public Finance reported technology upgrades and technical assistance for the UIF and DIRCABI under an EU-funded project with the United Nations Office on Drugs and Crime. The support will strengthen financial intelligence systems and seized asset management while helping Bolivia implement Financial Action Task Force standards.
The Guernsey Financial Services Commission noted that the European Court of Human Rights declared inadmissible an application concerning a recently concluded enforcement matter. Guernsey Court of Appeal judgments finding the Commission’s processes compliant with Article 6 remain in force, and permission to appeal to the Judicial Committee of the Privy Council was refused.
The European Insurance and Occupational Pensions Authority elected the Bank of Greece’s Stavros Konstantas to its Management Board. His two-and-a-half-year term began on Aug. 13, 2026, with an option for one additional term.
Nigeria's National Insurance Commission has introduced operational guidelines for registering, supervising and monitoring insurance web aggregators. The guidelines apply immediately to all web aggregators and insurers operating in Nigeria.
FinCEN identified nearly USD 5 billion linked to suspected human smuggling in 67,540 Bank Secrecy Act reports filed from 2023 through 2025. Money services businesses filed 97% of reports, while depository institutions accounted for 61% of the total suspicious activity amount despite filing only 3%.
The U.S. Financial Crimes Enforcement Network held its third COMMAND public-private exchange on financial activity linked to cartels and narcotics trafficking organizations. Law enforcement agencies and financial institutions discussed case studies, typologies and suspicious activity.
The Moroccan Capital Markets Authority registered BMCI’s 2025 reference document. The document and the previously registered program note form the annual update of the bank’s certificates of deposit information dossier.
The Saudi Capital Market Authority approved Riyad Capital Company’s public offer of the Riyad MENA Equity Fund, noting that the approval confirms legal compliance but does not constitute a recommendation to subscribe.
The Central Bank of Malta warned of fraudulent deepfake videos impersonating central bank governors, including Governor Alexander Demarco. The public should disregard the videos, reject any requests and avoid sharing them.
Axian Financial Services Ltd’s Global Treasury Activities Licence was terminated effective June 30, 2026, following its surrender to the Mauritius Financial Services Commission.
From Oct. 1, 2026, key persons being vetted for anti-money laundering and anti-terrorist financing regulated financial institutions must provide police clearance certificates, including for changes to existing key persons. Certificates must be no more than 12 months old and cover each country where the individual was ordinarily resident for more than six months during the preceding three years.
The Angola Capital Markets Commission will hold an online wealth management workshop on August 26 with CFA Society Portugal and CFA Society Brazil. The session is part of a professional exchange program for capital markets practitioners in the three countries.
Qatar Central Bank's governor and Ukraine's ambassador discussed strengthening bilateral cooperation in the financial and banking sectors.
The Central Bank of Brazil will require virtual asset service providers to hold certain transfers to foreign providers or self-custodied wallets for up to 24 hours when transactions exceed USD 10,000 or present higher risks. Providers must also strengthen daily fraud monitoring and recordkeeping. The requirements take effect on Jan. 1, 2027.
The Central Reserve Bank of Peru announced the swearing-in of Inés Marylin Choy Chong, Luis Miguel Palomino Bonilla and Gustavo Adolfo Yamada Fukusaki as directors following their designation by the Executive Branch. Choy begins a new term, while Palomino and Yamada return after previous board service.
Bolivia's Ministry of Finance reported EU-funded technology and technical assistance for the UIF and DIRCABI under a project supporting implementation of Financial Action Task Force standards. The upgrades will strengthen financial intelligence systems and the management of seized assets, supporting Bolivia's efforts to exit increased monitoring.
The US Commodity Futures Trading Commission set the agenda for the Innovation Advisory Committee’s inaugural Aug. 20 meeting. The committee will discuss regulatory frameworks for crypto assets, AI-enabled derivatives markets and prediction markets, with public comments due Aug. 27.
Argentina's National Securities Commission has published joint guidance on applying the “customer of the customer” concept to clients handling third-party funds. Such arrangements should not automatically be classified as high risk, with identification and monitoring instead applied proportionately and documented on a case-by-case basis.
The Financial Services Regulatory Authority of Ontario has proposed refusing to renew Mckasey Samuel Cadore’s insurance agent licence over alleged false claims and a material misstatement or omission in his application. Cadore has requested a Financial Services Tribunal hearing.
The Central Bank of Russia participated in a BRICS meeting focused on deeper financial cooperation and wider use of national currencies in mutual settlements.
The Global Financial Markets Association supported extending Bank of England RTGS and CHAPS settlement hours, with wholesale foreign exchange settlement-risk reduction as the main objective. It called for coordinated central bank operating-hour overlaps, broader industry participation and viable payment versus payment services to ensure longer hours deliver practical benefits.
The Isle of Man Financial Services Authority deregistered EchoChain Limited, effective Aug. 13, 2026.
The Isle of Man Financial Services Authority has deregistered Island Payroll Solutions Limited under the Designated Businesses (Registration and Oversight) Act 2015, effective Aug. 13, 2026.
An application for an administration management order concerning Ceiba Investments Limited will be made to the Royal Court at 10 a.m. on Aug. 18, 2026.
The Federal Reserve Board issued a consent prohibition against former Regions Bank employee Elazia Jones over check fraud.
Ukraine's National Securities and Stock Market Commission approved a new procedure for authorizing senior personnel at professional capital markets participants and set criteria for identifying enterprises important to relevant markets. It also reviewed digitalization legislation and addressed securities registrations, fund charters and other market approvals.
The National Bank of Poland reported a PLN 9.4 billion current account deficit for June 2026, widening from PLN 1.9 billion a year earlier. Faster import growth deepened the goods trade deficit, while foreign investors’ earnings contributed to a PLN 18.9 billion primary income deficit.
Egypt's Ministry of Finance called for stronger BRICS mechanisms to mobilize private investment and address development financing gaps. It backed flexible, low-cost financing, enhanced de-risking tools, coordinated domestic revenue mobilization and a shared BRICS tax database.
The Central Bank of the UAE participated in the BRICS Finance Ministers and Central Bank Governors Meeting, discussing the global economic outlook and financial cooperation. It also met bilaterally with central banks and international financial institutions.
The New York State Department of Financial Services issued guidance and a draft regulation implementing reforms to the independent dispute resolution process for out-of-network health care payment disputes. The changes revise covered plans, extend decision timelines and require upfront payment to dispute resolution entities. The law and emergency amendments take effect Aug. 26, 2026.