Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Stablecoins
Singapore Police are Investigating Terraform Labs – Report
06/03/2023
Singapore police confirmed “ongoing” investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.
CBDCs
BIS Innovation Hub Nordic Centre Completes Retail CBDC Project
06/03/2023
Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.
Market Abuse
Chinese Stock Exchanges Probe Large Covid-related Writedowns – Report
06/03/2023
The Shanghai and Shenzhen stock exchanges have queried companies over why they wrote down the value of assets last year.
Payments & Settlements
BSP Seeking to Eliminate Fees for Small Value Transactions
06/03/2023
The BSP is considering lowering the RRR in exchange for banks waiving their fees on small transactions, as part of efforts to promote financial inclusion.
PEPs & Sanctions
US Authorities to Target Those Who Facilitate Sanctions Evasion
06/03/2023
China (incl. HK and Macau), Armenia, Turkey and Uzbekistan are named as “transshipment points commonly used to illegally redirect restricted items to Russia or Belarus”.
PEPs & Sanctions
US Commerce Department Adds 3 Dozen Entities to Trade Blacklist
06/03/2023
Of the 37 companies added to the list, 28 are Chinese entities including those involved in advanced technologies and genetic data collection.
Structural Regulation
LME Faces First Ever Enforcement Probe Over Nickel Market Suspension
06/03/2023
This is the first time UK regulators have opened an enforcement investigation against an exchange, which observers say could point to serious misconduct or compliance failures.
PEPs & Sanctions
OFAC Penalises Indian Tobacco-maker for Sanctions Violations
06/03/2023
Godfrey Phillips India exported tobacco to North Korea through a Thai intermediary, saying they were going to China. Hong Kong intermediaries were used to make the payments.
Structural Regulation
Singapore Amends Thresholds for Gaining PR Status Under GIP
06/03/2023
Applicants will have to invest at least S$10mn in a business or S$25mn in a GIP-select fund, compared to $2.5mn currently.
Anti-Money Laundering
MAS Calls for Stronger AML/CFT Controls in Wealth Management
06/03/2023
Circular sets out expectations for FIs to review their existing controls to ensure they remain adequate to mitigate ML/TF risks in wealth management.
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