Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
AML / KYC
AUSTRAC to Crack Down on Non-compliant Crypto ATM Providers
06/12/2024
AUSTRAC has established an internal taskforce to target crypto ATMs that are being exploited for money laundering, scams and money mule activities.
Enforcement
PBOC Refines Discretionary Criteria for Imposing Administrative Penalties
06/12/2024
The PBOC said it will ensure the type and extent of penalties match the facts, nature, circumstances and degree of social harm of the illegal act.
Indian Parliament Advances Bill to Amend Banking Regulations
05/12/2024
The bill makes as many as 19 amendments to existing banking laws, including allowing deposits to have up to four nominees in their accounts.
Australia Passes Bill to Enshrine Superannuation Objective into Law
05/12/2024
Any future changes to super legislation must be judged against the objective, making policymakers more accountable when considering such changes.
Big Picture
BIS Paper Examines Choice Between Retail CBDC, FPS, or Both
05/12/2024
The choice depends on the market features, ecosystem, and degree of maturity and innovation of existing payment infrastructures in a country.
Big Picture
Geopolitical Risk Seen as Top Risk to Financial Industry in 2025
05/12/2024
The top threats to the financial industry identified in DTCC’s latest Systemic Risk Barometer Survey were geopolitical risk and cyber risk.
AML / KYC
US, UK Target Major Russian Sanctions Evasion Network
05/12/2024
OFAC sanctioned five individuals and five entities associated with the network. The NCA said 84 arrests have been made and $25mn has been seized.
Market Infrastructure
CME Group Launches Beta Term €STR Reference Rates
05/12/2024
The beta reference rates are based on a waterfall methodology that builds on €STR futures and OTC swap market data.
Market Infrastructure
FSB Plenary Meets in Hong Kong to Discuss Financial Stability Issues
05/12/2024
The Plenary reviewed policy work on climate-related financial risks, crypto-assets and global stablecoins, cross-border payments, and NBFI.
Sanctions
China Responds to US Export Controls With Retaliatory Measures
04/12/2024
Exports of gallium, germanium, antimony and superhard materials to the US are banned. Graphite exports will be subject to stricter controls.
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