Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Anti-Money Laundering
Four Arrested by HK Customs in HK$1.5b Money Laundering Case
10/08/2024
The arrestees allegedly used 39 bank accounts, six shell companies and cryptocurrency to launder crime proceeds from across the APAC region.
Anti-Money Laundering
US Man Arrested for Facilitating DPRK Remote IT Worker Fraud
10/08/2024
DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.
PEPs & Sanctions
Russia, China Working on Regulations to Facilitate Barter Trade – Reports
10/08/2024
New regulatory arrangements being put in place are expected to enable barter deals between Russia and China involving agriculture “as soon as this autumn”.
KYC & CDD
Cayman Islands: New Beneficial Ownership Regime Commences
09/08/2024
Beneficial ownership information will not yet be available to the public in light of the November 2022 ruling by the European Court of Justice.
Market Abuse
FSC Korea to Expand Enforcement Toolkit to Target Unfair Trading
09/08/2024
Those found engaging in unfair trading activities will face a 10-year ban on trading in the capital market and potentially have their names disclosed publicly.
Conduct, Culture & Accountability
Evergrande Liquidators Are Suing PwC for Damages – Report
09/08/2024
The writ of summons accuses PwC of breach of contract, breach of duty, misrepresentation, negligence, and/or unjust enrichment.
Market Abuse
KRX Hires AI Firm to Develop Short-Selling Detection System
09/08/2024
KRX has signed a service contract with Conan Technology to develop its new short-selling detection system.
Resolution & Recovery
US Fed Finalises New Guidance on Banks Resolution Plans
09/08/2024
The final guidance generally applies to banks, including foreign banks, with over $250bn in total assets, but not G-SIBs.
Fraud, Scams & Cybercrime
US Court Approves $12.7B Settlement Between CFTC, FTX
09/08/2024
The CFTC’s Ian McGinley said the settlement represents the largest recovery for investors in the regulator’s history.
Supervision & Enforcement
Asset Manager H2O Avoids UK Fine by Agreeing to Repay Investors
09/08/2024
The FCA decided not to impose a fine despite “extremely serious” regulatory breaches that resulted in investors being trapped in funds since 2020.
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