Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
AML / KYC
NZBA Issues Update on Anti-Scam Initiatives
21/12/2023
The first phase of the new national Anti-Scam Centre is “now live”, focusing on sharing information on money mules.
Market Infrastructure
ACCC Responds to Government’s Merger Reform Proposals
21/12/2023
ACCC Chair Gina-Cass-Gottlieb said the government’s proposals for merger reform aren’t sufficient and that the ACCC’s own proposal would achieve the “right balance”.
Securities / Derivatives
CFTC Proposes Rules on Operational Resilience, Funds Segregation
20/12/2023
The CFTC also granted DCO registration to a crypto derivatives exchange and brokerage, allowing it to act as its own clearinghouse.
Crypto / Digital Assets
UK to Launch Digital Securities Sandbox on 8 Jan 2024
20/12/2023
The sandbox will allow FMIs to test the use of new technology including DLT to operate trading venues and perform CSD activities.
China Issues New Rules for Consumer Finance Companies
20/12/2023
The rules focus on improving corporate governance, strengthening risk management, and enhancing protections for financial consumers.
Sanctions
OFAC Sanctions Hong Kong, UAE Firms for Russian Oil Trades
20/12/2023
US aims to strengthen G7 oil price cap sanctions with asset freeze on Russian state-owned ship manager and Hong Kong and UAE companies found trading Russian oil above the cap.
Sanctions
US Sanctions Companies Across Asia for Procuring Parts for Iranian UAVs
20/12/2023
OFAC sanctions targets in Hong Kong, Indonesia, and Malaysia as DOJ indicts Iranian and Chinese nationals.
Crypto / Digital Assets
HashKey Secure Fund Management Licence in Singapore
20/12/2023
With the new licence, HashKey intends to provide regulated fund management services to institutional and accredited investors from Singapore.
AML / KYC
HK ICAC Charges Two in Bribery Case Involving ICBC Unit
20/12/2023
A shipping consultancy director bribed a former executive of ICBC Financial Leasing to secure a consultancy contract for an iron ore shipping project.
Enforcement
Taiwan: Cathay United Bank Fined Over Misappropriated Client Funds
20/12/2023
Two employees were involved in the misconduct. The bank was fined and is being required to increase its operational risk capital.
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