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FEMA Guarantee Reporting Requirements and Forms

The Reserve Bank of India issued A.P. (DIR Series) Circular No. 01 establishing new reporting requirements for guarantee transactions under FEMA (Guarantees) Regulations, 2026. Authorised dealer banks must report guarantee issuances, modifications, and invocations using three new forms (GRN Issue, GRN Modification, GRN Invocation) via the Centralised Information Management System within 30 calendar days of each quarter end. Each guarantee issuance requires a unique Guarantee Transaction Number.

MoU between DFSA and Ministry of Economy and Tourism on Regulatory Cooperation

The Dubai Financial Services Authority (DFSA) and the UAE Ministry of Economy and Tourism signed a Memorandum of Understanding to enhance cooperation and information exchange regarding regulatory oversight of auditors and Designated Non-Financial Businesses and Professions (DNFBPs). The agreement supports shared objectives of maintaining transparency, accountability, and integrity while reinforcing joint efforts to combat money laundering, terrorism financing, and illicit activities.

Rescission of Recovery Planning Guidelines for Large Insured Banks

The OCC is rescinding its recovery planning guidelines at 12 CFR 30, appendix E, along with related handbook guidance and prior OCC bulletins on this topic. The final rule takes effect 30 days after Federal Register publication. Banks with less than $100 billion in average total consolidated assets are not affected.

CFTC v. Singh - FTX Engineering Fraud Disgorgement and Trading Ban

The CFTC announced a supplemental consent order against Nishad Singh, former FTX head of engineering, imposing $3.7 million in disgorgement, a five-year trading ban, and an eight-year registration ban. The order resolves the CFTC's enforcement action based in part on Singh's cooperation, including his guilty plea in the parallel criminal case United States v. Singh to six counts including conspiracy to commit commodities fraud.

2026 Household Debt Management Plan Decoupling Finance from Real Estate

The Financial Services Commission announced its 2026 household debt management plan targeting a 1.5 percent growth rate for household debt, down from 1.7 percent in 2025. The plan aims to reduce Korea's household debt-to-GDP ratio to 80 percent by 2030 through stricter volume controls, separate mortgage loan management targets, and penalties for financial institutions that fail to meet targets. MG Community Credit Cooperatives face a zero-growth target due to significant non-compliance in 2025.

Prohibition Orders and Money Laundering Enforcement Actions

The Monetary Authority of Singapore published key enforcement actions taken in Q1 2026. Actions include a 7-year Prohibition Order against fund manager Sun Weiyeh for investor fraud, joint MAS-Police enforcement against Capital Asia Investments for suspected money laundering, and 16-year and 7-year Prohibition Orders against two former relationship managers connected to the August 2023 money laundering case.

Citizen's Charter Application Processing Status

Reserve Bank of India published monthly Citizen's Charter performance data for March 2026 showing 22,243 applications received and 21,459 processed. Of processed applications, 99.9% were handled within timeline. Report covers Currency Management, Foreign Exchange Management, and Banker to Banks and Governments functions.

Moratorium Extended for Innovative Co-operative Urban Bank Limited, Delhi

The Reserve Bank of India has extended the regulatory restrictions (moratorium) on Innovative Co-operative Urban Bank Limited, Delhi for an additional three months through July 4, 2026. This is the third extension of the Directive originally issued in July 2025. The extension maintains all existing restrictions and conditions previously imposed on the bank.

RBI Extends Moratorium on Bhavani Sahakari Bank, Mumbai

The Reserve Bank of India extended a regulatory directive imposing operational restrictions on The Bhavani Sahakari Bank Ltd., Mumbai for an additional three months until July 4, 2026. The extension follows prior restrictions imposed in July 2025 and a previous extension in December 2025. All existing directive terms remain unchanged.

Underwriting auction for Government Securities (₹29,000 crore)

The Reserve Bank of India announced an underwriting auction for Government Securities worth ₹29,000 crore on April 2, 2026. The auction covers two securities: 6.68% GS 2040 (₹17,000 crore) and 7.43% GS 2076 (₹12,000 crore). Primary Dealers must submit bids through the e-Kuber system between 9:00 AM and 9:30 AM on the auction date.

Monetary Penalty on Exclusive Capital Limited for Compliance Failures

The Reserve Bank of India imposed a monetary penalty of ₹10.30 lakh (approximately $12,300 USD) on Exclusive Capital Limited for non-compliance with RBI directions on leverage ratio limits, supervisory return filings, and balance sheet submission requirements. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, following an offsite analysis and show cause proceedings.

₹2000 Banknote Withdrawal Status Update

The Reserve Bank of India published its periodic status update on the ₹2000 banknote withdrawal. As of March 31, 2026, 98.45% of the ₹2000 notes (worth ₹3.56 lakh crore at inception) have been returned, with only ₹5,501 crore remaining in circulation. The ₹2000 banknotes continue to be legal tender, and exchange facilities remain available at 19 RBI Issue Offices and via India Post.

RBI Money Market Operations Data

The Reserve Bank of India published money market operations data for March 30, 2026, reporting system liquidity at ₹5.89 lakh crore. This is a routine statistical release providing market participants with current liquidity conditions in the Indian banking system. The data is published via the RBI's official press release mechanism.

Copper & Glass Federal Credit Union Liquidated; OMEGA Federal Credit Union Assumes Accounts

The NCUA liquidated Copper & Glass Federal Credit Union in Glassport, Pennsylvania after determining it was insolvent with no prospect for viable operations. OMEGA Federal Credit Union of Wexford, Pennsylvania assumed all assets, loans, and member shares. The 1,225 members of the closed credit union transitioned to OMEGA with no interruption in services.

NCUA Releases 2025 Annual Report

The National Credit Union Administration released its 2025 Annual Report documenting agency activities and accomplishments. The Share Insurance Fund and credit union system remained well-capitalized with sufficient liquidity, and the agency received unmodified 'clean' opinions on its audited financial statements. The report also outlines continued priorities including agency reorganization and regulatory framework improvements.

AML/CTF Laws Expand, Public Register Targets Crypto Laundering

AUSTRAC announced expansion of Australia's AML/CTF laws to strengthen oversight of virtual asset service providers (VASPs), replacing the previous 'digital currency exchange' terminology. A 'Use It or Lose It' blitz resulted in 128 businesses being reviewed and 62 exiting the sector. A searchable public VASP register is now live.

Supporting Small Businesses

Vice Chair Bowman delivered remarks at CBA LIVE 2026 emphasizing small businesses' vital role in the U.S. economy. She noted that in 2023, small businesses employed 59 million Americans (nearly half of private-sector jobs), generated $16 trillion in revenue, and contributed 44 percent of GDP. The speech highlighted that banks hold approximately $600 billion in small business loans under $1 million, with the smallest banks (under $10 billion in assets) holding nearly one-third of these loans.

Revocation of Yukai Limited Authorisation

The Financial Services Commission Mauritius has revoked the authorisation of Yukai Limited (AU24201457) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution proceedings and discharge its liabilities in accordance with the Insolvency Act. This enforcement action affects Yukai Limited's ability to conduct regulated financial services activities in Mauritius.

Revocation of Authorisation - Yuragi Limited

The Financial Services Commission Mauritius (FSC) has revoked the authorisation of Yuragi Limited (Authorisation No. AU24201449) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution and discharge its liabilities in accordance with the Insolvency Act. This enforcement action reflects the FSC's ongoing supervision of authorised entities operating in Mauritius.

Tunasan Shipping Authorization Revoked

The Financial Services Commission, Mauritius revoked the authorization of Tunasan Shipping Incorporated (Authorisation No. AU24201181) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge of liabilities in accordance with the Insolvency Act.

Toila Shipping Limited Authorisation Revoked

The Financial Services Commission, Mauritius (FSC Mauritius) has revoked the authorisation of Toila Shipping Limited (Authorisation No. AU24201819) pursuant to section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution of its business and discharge its liabilities in accordance with the Insolvency Act.

Revocation of Tukay Shipping Incorporated Financial Services Authorization

The Financial Services Commission, Mauritius revoked the authorization of Tukay Shipping Incorporated (Authorization No. AU24201179) under section 74(5) of the Financial Services Act. The company has been directed to initiate orderly dissolution proceedings and discharge liabilities per the Insolvency Act.

Indefinite Prohibition - Nicholas Buckley - Retail Intermediaries

The Central Bank of Ireland issued an indefinite Prohibition Notice to Nicholas Buckley, effective 25 February 2026. Buckley, while employed at two retail intermediaries between 1 February 2021 and 12 December 2023, diverted client invoice payments to his personal bank account and misrepresented his financial qualifications. The prohibition bars him from performing any controlled functions in regulated financial services indefinitely.

OCC Meeting with BlackRock on Regulatory Matters

The Office of the Comptroller of the Currency published a meeting summary documenting a discussion with BlackRock representatives on regulatory matters. The document provides transparency into examiner-industry dialogue but contains no new regulatory requirements, policy changes, or compliance deadlines.

Whistleblower Incentives and Protections under the Bank Secrecy Act

FinCEN published a proposed rule to establish a whistleblower program implementing section 6314 of the Anti-Money Laundering Act of 2020 and the AML Whistleblower Improvement Act. The proposed rule (RIN 1506-AB57) would provide monetary awards of 10-30% of sanctions exceeding $1 million to individuals who voluntarily report violations of the Bank Secrecy Act, IEEPA, TWEA, and the Foreign Narcotics Kingpin Designation Act. The program would also establish employment protections against retaliation.

OCC rescinds recovery planning guidelines for large banks

The OCC has issued a final rule rescinding its 2016 Recovery Planning Guidelines (12 CFR Part 30, Appendix E) that applied to large insured national banks, federal savings associations, and federal branches with $250 billion or more in assets. The agency cites ongoing assessment of its supervisory framework to eliminate unnecessary regulatory burden as the rationale. The rule is effective May 1, 2026.

Consumer Compliance Supervisory Highlights

The FDIC published its annual Consumer Compliance Supervisory Highlights for 2026, summarizing consumer compliance supervisory activities and issues identified through 2025 examinations of state non-member banks and thrifts. The report covers overall performance, most frequently cited violations, and consumer complaint trends.

Consumer Compliance Supervisory Highlights 2026

The FDIC issued the 2026 Consumer Compliance Supervisory Highlights, summarizing consumer compliance issues identified in 2025 through supervision of state non-member banks and thrifts. The publication includes overall performance summaries, most frequently cited violations, and consumer complaint trends. This is an annual transparency report providing oversight insights rather than new regulatory requirements.

Stricter VASP Entry and AML Rules

The Financial Services Commission of Korea proposed amendments to the Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information to strengthen VASP registration requirements and AML duties. Key changes include expanded major shareholder scrutiny, new financial soundness requirements (200% debt ratio cap), and extension of the travel rule to transactions below KRW 1,000,000. The FSC seeks public comment on these proposals.

Exchange Fund Bills Tender Results

The HKMA announced results of two Exchange Fund Bills tenders conducted on 31 March 2026. Issue Q2613 attracted HK$133.6B in applications with HK$69.5B allotted at average yield of 1.90%. Issue H2642 attracted HK$55.5B in applications with HK$20B allotted at average yield of 2.11%. This is routine market data publication with no regulatory implications.

February 2026 Monetary Statistics - Deposit and Loan Growth

The Hong Kong Monetary Authority published February 2026 monetary statistics showing total deposits with authorized institutions increased 0.9% month-over-month. Hong Kong dollar deposits decreased 0.2% while foreign currency deposits increased 1.7%. Renminbi deposits rose 3.6% to RMB1,029.3 billion, with cross-border trade settlement remittances totaling RMB866.5 billion.

HKMA Bulletin on Hong Kong Bond Market

The Hong Kong Monetary Authority published Bulletin Issue 01/2026, which contains a statistical article titled 'The Hong Kong Bond Market in 2025'. The bulletin provides an overview and analysis of bond market activity in Hong Kong for 2025. This is an informational publication with no new regulatory requirements.

Scam Alert - Fraudulent Banking Websites

The Hong Kong Monetary Authority issued a scam alert warning the public about fraudulent websites and phishing scams targeting customers of four Hong Kong banks: The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, and OCBC Bank (Hong Kong). The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks requesting sensitive information such as login passwords or One-Time Passwords.

Exchange Fund Abridged Balance Sheet and Currency Board Account

The Hong Kong Monetary Authority released February 2026 Exchange Fund data showing total assets of HK$4,293.5 billion as at 28 February 2026, an increase of HK$7.9 billion from January 2026. Foreign currency assets increased by HK$47.4 billion while Hong Kong dollar assets decreased by HK$39.5 billion. The Backing Ratio increased to 111.32%.

Foreign Currency Reserves Data Release

The Hong Kong Monetary Authority released monthly analytical data on Hong Kong SAR's foreign currency reserves and foreign currency liquidity as at end of February 2026. The data is published in the Template on International Reserves and Foreign Currency Liquidity under the IMF's Special Data Dissemination Standard. This is a routine monthly statistical release providing transparency on Hong Kong's reserve position.

Residential Mortgage Survey Results - February 2026

The Hong Kong Monetary Authority released February 2026 residential mortgage survey results showing a 10.8% month-on-month decline in mortgage approvals to HK$29 billion. Applications decreased 7.5% to 8,125, while drawn loans fell 24.4% to HK$16.4 billion. The mortgage delinquency ratio remained low at 0.13% and outstanding mortgage loans increased 0.2% to HK$1,926.3 billion.

MAC Federal Credit Union Member Notice Supporting Merger

NCUA received a member notice from MAC Federal Credit Union in support of a merger docket (NCUA-2026-0694). The notice documents member sentiment regarding the proposed credit union merger. This submission is part of the regulatory record for the NCUA to consider when evaluating merger applications.

MAC Federal Credit Union Merger with Credit Union 1

NCUA received a merger application from MAC Federal Credit Union to merge with Credit Union 1. The filing is under review with a public comment deadline of May 28, 2026. This is a routine credit union merger notice subject to NCUA approval procedures.

Export Realization Timeline Extension for Indian Exporters

Reserve Bank of India has extended the enhanced export credit period of 450 days for disbursals made until June 30, 2026, in response to continuing logistical disruptions from the West Asia crisis. This extends an earlier measure that had been set to expire March 31, 2026. The 15-month timeline for realization and repatriation of export proceeds, originally extended from 9 months in November 2025, remains in force.

NCUA Prohibition Orders for Bank Fraud and Theft Convictions

The National Credit Union Administration issued two conviction-based prohibition orders in March 2026 against Daniel Johnson and Jacqueline Burns. Johnson was convicted of bank fraud in the U.S. District Court for the Southern District of Indiana, while Burns was convicted of theft of property valued between $150,000 and $300,000 in Galveston County, Texas. Both individuals are permanently prohibited from participating in the affairs of any federally insured depository institution.

Canadian Economy and Cyber Risk Assessment Fireside Chat

OSFI Superintendent Peter Routledge delivered remarks at Bank of America's Expert Insights Series on March 30, 2026, discussing the resilience of Canada's financial system amid geopolitical uncertainty. He highlighted cyber threats and integrity risks as key concerns, noting that Canada's banking sector has remained stable despite global volatility. The speech also addressed proposed capital adequacy framework recalibrations and growing non-bank financial intermediary (NBFI) lending.

Governor Barr Remarks on Stablecoins and GENIUS Act

Federal Reserve Governor Michael S. Barr delivered remarks at The Federalist Society on March 31, 2026, discussing the GENIUS Act and stablecoin regulation. Barr outlined key concerns including AML/terrorist financing risks from secondary market stablecoin purchases and financial stability risks related to reserve asset quality and liquidity. He referenced the historical context of private money instability, including the Free Banking Era and Panic of 1907, to emphasize the need for safeguards.

Thai economy softened in February 2026

Thai economy softened in February 2026

CalMoneySmart Grants for Nonprofit Financial Education Organizations

The California Department of Financial Protection and Innovation announced $3.2 million in CalMoneySmart grant funding available for the 2026-2028 cycle to nonprofit organizations providing free financial education and empowerment services to California residents. Applications must be submitted by April 27, 2026, with maximum awards of $200,000 per fiscal year per grantee.

AML Reform Enrolment Opens for New Professions

AUSTRAC opened enrolment for new professions on 31 March 2026 as part of Australia's landmark AML/CTF reforms. From 1 July 2026, approximately 80,000 additional businesses—including lawyers, accountants, conveyancers, real estate professionals, and dealers in precious stones and metals—will fall under AUSTRAC's AML/CTF regime, expanding regulated entities from 19,000 to 100,000 nationwide.

Whistleblower Award Program for AML and Sanctions Violations

FinCEN published a Notice of Proposed Rulemaking to establish a whistleblower award program offering 10-30% of collected monetary penalties for tips leading to successful enforcement actions. The program covers fraud-related Bank Secrecy Act violations, OFAC sanctions evasion, and other illicit finance activity under the Anti-Money Laundering Act (2020) and AML Whistleblower Improvement Act (2022).

FinCEN Advisory on Health Care Fraud Targeting Medicare, Medicaid, and Federal Health Programs

FinCEN issued an advisory on health care fraud schemes targeting Medicare, Medicaid, and other federal and state health care benefit programs. The advisory provides financial institutions with an overview of fraud tactics used by fraudsters, organized crime groups, and transnational criminal organizations, along with money laundering typologies and red flag indicators. Financial institutions are strongly encouraged to voluntarily report suspicious activity to FinCEN and immediately notify law enforcement.

OCC Meeting with Paradigm

The Office of the Comptroller of the Currency (OCC) released documentation of a meeting held with Paradigm on March 24, 2025. The meeting summary is available for download as a PDF document. No new regulatory requirements, guidance, or policy changes were issued as a result of this meeting.

OCC Meeting Summary with Moody's

The Office of the Comptroller of the Currency (OCC) published a meeting summary documenting its March 26, 2025 discussion with Moody's Investors Service. The document records the meeting as part of regular supervisory engagement between the federal bank regulator and a major credit rating agency. No new regulatory requirements, policy changes, or enforcement actions are contained in this summary.

OCC Meeting Summary with Societe Generale

The Office of the Comptroller of the Currency (OCC) filed a meeting summary documenting a March 30, 2025 meeting between OCC staff and representatives of Societe Generale, a French international banking group. The document records the date, participants, and topics discussed during the supervisory meeting, which is part of the OCC's ongoing oversight activities with federally chartered banks. No new regulatory requirements, penalties, or policy changes are contained in this summary.