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Regulatory Watch News

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  Kazakhstan: New Reports on Party Funding Transparency and Criminal Law Convention on Corruption Incriminations

  GRECO

  April 9, 2026

  In two new Evaluation Reports published today, GRECO assesses the efforts of Kazakhstan to ensure incriminations for corruption and transparency of party funding, and formulates 17 recommendations for specific actions to be taken by the Kazakh authorities to address the shortcomings identified by GRECO. The reports also note a number of steps already taken.

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  Scam alert related to banks

  HKMA

  April 9, 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 websites and internet banking login screens
  Shanghai Commercial Bank Limited	Fraudulent websites and internet banking login screens
  Chong Hing Bank Limited	Fraudulent websites and internet banking login screens
  OCBC Bank (Hong Kong) Limited	Fraudulent websites and internet banking login screens
  The Hongkong and Shanghai Banking Corporation Limited	Fraudulent websites and internet banking login screens

   

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  Treasury Proposes Rule to Implement the GENIUS Act’s Requirements to Counter Illicit Finance

  FinCEN

  April 8, 2026

  Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). The proposed rule, which implements the GENIUS Act’s anti-money laundering and sanctions compliance program requirements, encourages innovation in payment stablecoins while providing an appropriately tailored regime to mitigate potential illicit finance risks. The proposed rule would subject permitted payment stablecoin issuers (PPSIs) to requirements applicable to financial institutions relating to prevention of money laundering and impose obligations specified in the GENIUS Act. Consistent with FinCEN’s efforts to modernize Bank Secrecy Act requirements, the proposed obligations are designed to be fit for purpose, assist law enforcement, and minimize unnecessary burden. The proposed rule would require PPSIs to adopt and maintain an effective sanctions compliance program as required by the GENIUS Act.