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 Data & Technology
China Publishes New Rules for Commodity Price Indexes
22/07/2024
The rules specify the requirements for entities that compile and publish price indexes including disclosure, naming and internal control requirements.
Conduct, Culture & Accountability
MUFG Pledges to Prevent Recurrence of ‘Firewall’ Breaches
22/07/2024
MUFG will cut the pay of several top executives and has pledged to implement specific improvement measures to prevent any recurrence.
PEPs & Sanctions
UK Imposes Sanctions on 11 Russian ‘Shadow Fleet’ Vessels
21/07/2024
The measures are part of a joint “Call to Action” with European countries to disrupt the ‘shadow fleet’ of vessels Russia uses to circumvent oil sanctions.
Anti-Money Laundering
FATF Upgrades New Zealand on Five Recommendations
21/07/2024
Revised AML/CFT regulations adopted in June 2023 addressed most deficiencies in recommendations 14, 16, 18, 22 and 23.
Structural Regulation
Visa Suspected of Violating Japan’s Antimonopoly Act – Reports
21/07/2024
The FTC is probing Visa’s local unit and plans to explore whether its US headquarters and Singapore unit played a role in the suspected violations.
Anti-Money Laundering
US Banking Regulators Propose to Update AML Requirements
21/07/2024
The Federal Reserve, FDIC, NCUA, and OCC said the amendments are intended to align with changes recently proposed by FinCEN.
Reporting & Disclosures
Thai Stock Exchange to Update ESG Ratings Methodology
21/07/2024
The updated methodology will place “greater emphasis on publicly available information, reinforcing transparency and credibility in the assessment”.
Fraud, Scams & Cybercrime
OFAC Sanctions Two Members of the ‘Cyber Army of Russia’
21/07/2024
Two Russian nationals separately pleaded guilty to participating in LockBit ransomware attacks, the DOJ announced separately.
Conduct, Culture & Accountability
Amex Fined in Australia for Issuing Unsuitable Credit Cards
20/07/2024
The decision highlights requirements for product issuers to actively review whether their target market determinations remain appropriate over time.
Anti-Money Laundering
Thai Banks Urged to Tighten Scrutiny of Myanmar Transactions
20/07/2024
Thai Foreign Minister told parliament that the government will meet with banks regarding their due diligence processes for Myanmar transactions.
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