Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Market Infrastructure
DSB Says Australia, Singapore Ready for UPI Reporting
18/10/2024
Australia and Singapore will go live with UPI reporting requirements for OTC derivatives transactions starting from 21 October.
Market Infrastructure
FSB Proposes Common Format for Reporting Operational Incidents
18/10/2024
The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.
Sanctions
OFAC Sanctions Hezbollah Finance Network and Drug Traffickers
17/10/2024
Three individuals linked to Hezbollah’s finance team were sanctioned, along with three others involved in captagon production and trafficking.
Fintech / Regtech
HKMA Publishes Research on GenAI in the Financial Sector
30/09/2024
HKMA survey of industry practitioners found that most FIs are currently focusing on internal applications of GenAI to drive employee productivity.
Market Infrastructure
NY Fed Launches New Panel to Bolster Resiliency of Benchmarks
30/09/2024
The so-called “Reference Rate Use Committee” will work to foster industry engagement on issues related to the use of interest rate benchmarks in the post-LIBOR world.
AML / KYC
HKMA to “Soon” Consult on Scam Loss Sharing Framework
30/09/2024
The framework will include principles for banks to use when deciding whether scam losses should be compensated, such as whether customers took care to safeguard their personal data.
Sanctions
Western Banks Processed Payments for Russian Warlord – Reports
30/09/2024
C4ADS says Yevgeny Prigozhin was able to establish a transnational criminal empire in Africa in part by hijacking the payments systems of western banks.
Sanctions
US Sanctions Iranian Cyber Actors for Election Interference
30/09/2024
OFAC sanctioned seven individuals while the DOJ unsealed criminal charges accusing three others of hacking Donald Trump’s presidential campaign.
Sanctions
UK OFSI Fines Concierge Services Firm for Sanctions Breaches
30/09/2024
The firm was fined GBP 15,000 for providing property management services to a designated person subject to an asset freeze between 2022 and 2023.
Sanctions
G7 Nations Publish Guidance on Preventing Russian Sanctions Evasion
30/09/2024
The guidance is aimed at preventing Russia from evading sanctions and export controls and obtaining the components it needs for its weapons systems.
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