Fintech / Regtech

Taiwan and Lithuania Sign MOU on Financial Services Innovation

06/01/2025

The MOU allows both sides to exchange information and cooperate on innovation in financial services.

Sanctions

OFAC Sanctions Chinese Firm for Supporting Hacker Group

06/01/2025

OFAC said the cybersecurity firm, by supporting a Chinese state-sponsored hacker group, was complicit in activities that threatened US national security

Sanctions

China Adds 28 US Companies to Export Control List

06/01/2025

Ten of the companies were also added to China’s “unreliable entities” list. MOFCOM is separately considering restricting the export of battery tech.

Sanctions

Russia-EU Gas Flows via Ukraine Come to a Halt

06/01/2025

The European Commission said most EU states could cope with the change. Gazprom will lose around $5bn in annual gas sales.

ESG / Sustainability

Regulation Asia: Top 10 Contributed Articles for 2024

05/01/2025

This list presents the most-read contributed articles published by Regulation Asia in 2024, based on aggregated user traffic.

AML / KYC

India to Implement Payee Name Checking on RTGS, NEFT by April

05/01/2025

Banks have until 1 April 2025 to implement the beneficiary account name look-up facility for RTGS and NEFT transfers.

China NFRA Offers FIs Flexibility to Optimise Governance Structures

05/01/2025

As permitted by the revised Company Law, FIs can disband the board of supervisors and instead have its duties performed by the board-level audit committee.

Securities / Derivatives

HKIC Selects Four Firms to Manage New CIES Portfolio

05/01/2025

Betatron Venture Group, Inno Angel Fund, MindWorks Capital and Radiant Tech Ventures were appointed to manage the new CIES investment portfolio.

AML / KYC

China Consults on Draft CFT rules for Social Organisations

05/01/2025

Under the rules, social organisations have to undertake periodic TF risk assessments and implement risk prevention measures commensurate with their TF risks.