Category: Financial Services

Regulatory Watch News

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  Scam alert related to banks

  HKMA

  August 20, 2026

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

  Bank	Type of Scam
  Bank Julius Baer & Co. Ltd.	Fraudulent website

   

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  READOUT: FinCEN Holds Engagement to Eliminate Hospice Fraud in California

  FinCEN

  August 19, 2026

  LOS ANGELES — On August 17, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) convened law enforcement and financial institutions for an engagement on health care benefits fraud, including the exploitation of hospice care services. Participants discussed new and emerging health care fraud schemes targeting federal and state health insurance programs, associated financial typologies and red flag indicators, and opportunities to boost awareness around hospice care fraud. Additionally, FinCEN held a training session for law enforcement on August 18 on how to use Bank Secrecy Act data to combat fraud. These engagements build on FinCEN’s work to counter fraud in partnership with the White House Task Force to Eliminate Fraud.

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  Authority publishes AML/CFT supervisory priorities progress report

  Isle of Man Financial Services Authority

  August 19, 2026

    The Isle of Man Financial Services Authority has published an update regarding its two-year supervisory engagement programme aimed at countering financial crime. The year one report highlights the targeted activities carried out during 2025/26 in relation to anti-money laundering, countering the financing of terrorism and countering the financing of proliferation. Multiple risk-based workstreams have been delivered by the AML/CFT Supervision Division in line with the Authority’s commitment to enhancing standards of compliance in the Island.