Nithya Subramanian
Nithya Subramanian, a deputy editor at Regulation Asia, has wide experience covering the financial sector in India and Singapore. She has written extensively about wealth management, capital markets and insurance sectors tracking policy and corporate developments. Researching and writing about the South Asian diaspora settled in Singapore and the region is another area of interest. She has a post-graduate degree in English literature. Reach out to her at [email protected]
Articles by Nithya Subramanian
AML / KYC
25 New Charges Against Malaysia’s Najib Razak are Valid, Court Rules
30/10/2024
Former Malaysia Prime Minister Najib Razak will have to face four additional abuse of power charges and 21 additional money laundering charges.
AML / KYC
Singapore Publishes National Anti-Money Laundering Strategy
30/10/2024
The new national AML strategy expands on a 2016 policy statement and introduces three building blocks and three supporting pillars to improve Singapore’s AML framework.
UK FCA Sets Priorities and Expectations for Retail Banks in 2025
30/10/2024
Dear CEO letter highlights the consumer duty, operational resilience, fraud and financial crime, and sustainable finance as key focus areas for retail banks.
AML / KYC
Bangladesh Bank Governor Alleges $17b State-Linked Bank Fraud
30/10/2024
Ahsan H Mansur alleged that Alam Group siphoned off $10bn from the banking system with help from the country’s military intelligence agency.
AML / KYC
MAS Fines Atrium Asia Investment Management for AML/CFT Breaches
30/10/2024
The firm’s CEO was also reprimanded over failures to assess risks posed by customers, identify PEPs, and keep adequate records.
AML / KYC
Italy Uncovers Major VAT Fraud Linked to Chinese Money Laundering Network
29/10/2024
The operation spanned 20 Italian cities, leading to the seizure of high-end assets and the arrest of seven suspects, including two alleged ringleaders.
Fintech / Regtech
MAS Issues Amended E-Payments User Protection Guidelines
29/10/2024
The guidelines take effect the same day as the new Shared Responsibility Framework for phishing scams. MAS also issued a circular on anti-scam measures for MPIs that provide e-wallets.
Enforcement
Thailand Raises Penalties for Violations by Brokerage Firms
29/10/2024
The new minimum penalty for naked short-selling stands a THB 1 million (USD 30,000), to better reflect the severity of offence.
Capital / Liquidity
RBI’s LCR Plan Will Force Indian Banks to Rework Strategy
28/10/2024
The RBI has proposed an additional 5 percent run off factor for retail digital banking accounts. Other regulators are waiting for guidance from the BCBS.
Taiwan FSC to Ease On-site Inspection Process – Report
27/10/2024
Banks and insurers have criticised the existing inspection process, saying it leads to inconsistencies in enforcement, contradictory orders, and delays of business activities.
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