US Accounting Watchdog sanctions KPMG’s former Vice-Chair of Audit

Regulatory Watch News

• 

  MAS Consults on Legislative Amendments to Implement Stablecoin Regulatory Framework

  MAS

  September 2, 2026

  The Monetary Authority of Singapore (MAS) today published a consultation paper on proposed legislative amendments to the Payment Services Act 2019 (PS Act) to implement MAS’ regulatory framework for stablecoins^[1] in Singapore. The amendments will set out how stablecoin issuers may qualify to be MAS-regulated, and the safeguards they must meet to support value stability and user protection. The MAS Single-Currency Stablecoin (MAS-SCS) framework permits only issuers licensed under the framework to describe themselves as licensed MAS-regulated stablecoin issuers and represent their stablecoins as “MAS-regulated stablecoins”. This helps users distinguish well-regulated stablecoins from other cryptocurrencies that purport to be “stablecoins” but are not subject to MAS regulation to keep their value stable. Non-MAS-regulated stablecoins will be treated as Digital Payment Tokens (DPTs) and be subject to the same consumer protection safeguards that apply to DPTs^[2].

• 

  Artificial Intelligence Strategy 2026-28

  Australia Federal Police

  September 2, 2026

  Commissioner’s foreword

  I am pleased to launch the AFP Artificial Intelligence Strategy 2026 to 2028. This strategy sets out how the AFP will harness AI to defend and protect Australia and Australia’s future from domestic and global security threats. AI is already shaping the operating environment of modern policing. Criminals are exploiting sophisticated tools to cause harm at speed and scale. The AFP must respond with equal sophistication, guided by our values and the law, and with human judgement at the centre of every decision. This strategy commits the AFP to a human-led, responsible and transparent approach to AI. We will use AI to enhance how we investigate crime and help protect many of our members who view online child exploitation and violent extremist material in their role to keep Australians safe. AI will be a defensive and disruptive tool.

• 

  Scam alert related to banks

  HKMA

  September 1, 2026

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA.  Hyperlinks to the press releases are available on the HKMA website.  

  Bank	Type of Scam
  The Bank of East Asia, Limited	Fraudulent website and internet banking login screen
  Shanghai Commercial Bank Limited	Fraudulent website and internet banking login screen
  Chong Hing Bank Limited	Fraudulent websites and internet banking login screens
  Chiyu Banking Corporation Limited	Fraudulent website and internet banking login screen
  Ele Bank Limited	Fraudulent websites