Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
JBA Directs Banks to Conduct Inspections on Safe Deposit Boxes
23/12/2024
The notice to banks, which lists specific examples of inspection items, is a response to the theft of over JPY 1 billion from customers’ safe deposit boxes.
Securities / Derivatives
SEBI Extends Agri-Derivatives Trading Suspension for One Month
23/12/2024
The one-month extension, instead of the three one-year extensions seen since 2021, is viewed as a signal that the suspension might be lifted early next year.
Fintech / Regtech
UnionPay, WeChat Pay Collaborate to Make Payments Easier for Foreigners
23/12/2024
Travellers using any of eight overseas e-wallets including HSBC’s PayMe and Naver Pay can now make payments on the mainland by scanning WeChat QR codes.
Fintech / Regtech
ASX Recovers from Worst Market Disruption in Four Years
23/12/2024
No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.
Sanctions
US Sanctions Four Entities for Supporting Pakistan Missile Programme
23/12/2024
The entities worked to supply equipment and missile‐applicable items to Pakistan’s ballistic missile programme
AML / KYC
Wolfsberg Group Issues Payment Transparency Roles & Responsibilities Guidance
23/12/2024
The guidance aims to help PSPs, regulators, and standard-setters understand their respective obligations in ensuring payment transparency.
Sanctions
China Responds to Canadian Sanctions with Countermeasures
23/12/2024
The measures target two institutions and 20 individuals, responding to Canadian sanctions against several Chinese officials.
Enforcement
Bank Indonesia Under Investigation by Anti Corruption Agency
23/12/2024
KPK searched several rooms at Bank Indonesia including the governor’s office. A search operation was also conducted at OJK.
AML / KYC
FMA Launches Legal Action Against InvestNow for Breaching AML Rules
22/12/2024
The FMA said it considers failures by retail investment platform InvestNow to be “significant and, in some respects, systemic.”
Fintech / Regtech
Australia Proposes to Mandate Cash Acceptance for Essential Items
22/12/2024
Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.
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