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ARTICLE · 19 JUNE 2026

APAC Monthly Private Wealth Legal Developments – May 2026

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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Explore the latest regulatory developments across Asia-Pacific financial markets, from Australia's scam prevention framework and ASIC's cybersecurity warnings to Hong Kong's stablecoin regime implementation and Singapore's enhanced market conduct controls. This comprehensive update covers critical changes in banking supervision, digital asset regulation, and investor protection measures that are reshaping the region's financial landscape.

GlobalFinance and Banking
Richard Norridge
Richard Norridge
Jojo Fan
Jojo Fan
Truman Mak
Truman Mak
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Australia

Albanese Government steps up industry protections to stop scams

The Albanese Government has designated banking, telecommunications, and key digital platforms as the initial sectors that will be subject to the Scams Prevention Framework. This designation enables sectors to implement systems in place by 31 March 2027 when they will be required to take stronger action to prevent, detect and disrupt scams, and provide clear pathways for consumers to report incidents and resolve complaints. [28 May 2026]

Treasury: Scams Prevention Framework codes and rules exposure draft

Treasury has opened the next round of consultation on the Scams Prevention Framework codes and rules.

Feedback is sought on the consultation package which includes:

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