Suman Das

Founder Secretary’s Thought of the Day | HRDS INDIA🌿

“Compassion is strength regulated by empathy.”

True strength lies in the ability to understand, support, and uplift others. Compassion guided by empathy helps us act with kindness, fairness, and responsibility in every situation.

At HRDS INDIA, we believe that empathetic action creates meaningful connections and lasting impact in the communities we serve.

Founder Secretary’s Thought of the Day | HRDS INDIA🌿

“Results follow when effort aligns with values.”

Success is most meaningful when it is built on a strong foundation of ethics and purpose. Effort guided by values not only delivers results but also creates lasting trust and impact.

At HRDS INDIA, we remain committed to aligning every action with integrity and responsibility in service to society.

South Korea’s Financial Services Commission (FSC) has announced that the National Assembly passed amendments to the Act on Reporting and Using Specified Financial Transaction Information on 29 January 2026, strengthening entry requirements for Virtual Asset Service Providers (VASPs). The revised law authorises the Korea Financial Intelligence Unit (KoFIU) to conduct criminal background checks on major shareholders during VASP registration reviews. Previously, such checks applied only to chief executives and executive officers. The scope of review will also expand to include offences related to narcotics trafficking, fair trade violations, tax crimes, specific economic crimes, and violations of virtual asset user protection rules.

The amendments also allow the KoFIU to assess the financial condition, organisational capacity, internal controls, and technological infrastructure of VASPs during registration and to impose conditions on approved entities to support anti-money laundering and user protection objectives. In addition, the law enables KoFIU to notify financial institutions about sanctions imposed on their former employees for violations of the Act. The revised law is scheduled to take effect six months after promulgation, expected around August 2026.

Source:
https://www.fsc.go.kr/eng/pr010101/86176

The fifth Financial Action Task Force (FATF) Plenary under the Mexican Presidency concluded with delegates from over 200 jurisdictions agreeing on measures to address evolving illicit finance risks. The Plenary adopted mutual evaluation reports of Austria, Italy and Singapore under the new risk-based round and added Kuwait and Papua New Guinea to the list of jurisdictions under increased monitoring.

On virtual assets, the Plenary approved two reports to be published next month: one on risks linked to offshore Virtual Asset Service Providers (oVASPs) and regulatory gaps, and a targeted report on stablecoins and unhosted wallets, examining cross-border and peer-to-peer risks and setting out mitigation recommendations for jurisdictions and the private sector.
VASP IllicitFinance GlobalCompliance

Source: https://www.fatf-gafi.org/en/publications/Fatfgeneral/outcomes-FATF-plenary-february-2026.html

Founder Secretary’s Thought of the Day | HRDS INDIA 🌿

“Governance succeeds when policy meets compassion.”

Policies provide direction, but compassion gives them purpose.

Effective governance is not measured only by frameworks and regulations, but by the lives it transforms. When decision-making is guided by empathy, systems become responsive, inclusive, and people-centred.

At HRDS INDIA, we believe that development must always balance structure with sensitivity — ensuring that every policy reflects the realities of the most vulnerable communities.

Because governance becomes meaningful when it understands the human story behind every statistic.

— HRDS INDIA