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
Wolfsberg Group Issues Guidance on Correspondent Banking RFIs
24/08/2022
When used to its “fullest potential”, the RFI process can provide insights into how respondents’ AML/KYC programmes work in practice.
Market Abuse
FCA Fines Citi’s UK Unit Over Trade Surveillance Issues
24/08/2022
The FCA said Citigroup did not properly implement MAR requirements to monitor orders and trades to detect market abuse.
Cryptocurrency
FDIC Orders Crypto Firms to Correct Misrepresentations
24/08/2022
Five crypto firms were ordered to correct false representations stating or suggesting that certain crypto-related products are FDIC-insured.
Cryptocurrency
Korean Police Pilots Crypto Seizures to Settle Unpaid Fines
24/08/2022
The programme was introduced as a way to collect unpaid fines in a contactless way. The amount seized reportedly exceeded all collections made in the last three years.
Fraud, Scams & Cybercrime
SG Police Make Series of Arrests Targeting Scam Syndicates
24/08/2022
4 were arrested over phishing scams targeting bank customers, and another 13 as part of a joint operation with Malaysian police.
Capital Adequacy
CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers
24/08/2022
Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.
Structural Regulation
India Simplifies Regulatory Framework for Overseas Investment
24/08/2022
The regulatory framework for overseas investment has been aligned with the “current business and economic dynamics”.
Cryptocurrency
Indonesia Stops Registering New Crypto Businesses
24/08/2022
The moratorium is intended to allow the regulator to focus on improving the governance of crypto exchanges that are already registered.
Sustainable Finance
Malaysia SC Expands SRI Sukuk and Bond Grant Scheme
24/08/2022
The grant scheme, designed to help defray external review costs, is being extended to cover SRI-linked sukuk issued under the SC’s new framework.
Clearing & Post-Trade
MOEX Stops Accepting USD as Collateral in FX, Securities Markets
24/08/2022
Russian authorities have been actively looking to reduce domestic reliance on the currencies of so-called ‘unfriendly’ nations.
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