Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Articles by Editors
Structural Regulation
US Adds Vietnam to FX Monitoring List, Removes Korea
09/11/2023
US Treasury is monitoring the currency practices and macroeconomic policies of six trading partners, including China, Malaysia, Singapore, and Taiwan.
Custody & Infrastructure
HSBC to Launch Custody Service for Tokenised Securities
09/11/2023
The new digital assets custody service will launch in 2024, using custody infrastructure provided by Ripple-owned Metaco.
PEPs & Sanctions
UK Targets Russian Gold and Oil as EU Preps New Sanctions Package
08/11/2023
UK government announced asset freezes on 29 individuals and entities in Russia’s gold, oil, and strategic sectors.
Operational Risk
DBS to Strengthen In-House Software Engineering Team
08/11/2023
DBS chief Piyush Gupta said deeper engineering talent is needed in-house to troubleshoot software bugs such as those that caused this year’s service disruptions.
Fraud, Scams & Cybercrime
ASIC Launches New and Improved Investor Alert List
08/11/2023
The list includes entities that are offering services to Australians without authorisation, as well as “impostor” entities and websites.
KYC & CDD
FinCEN Finalises Rule on Use of FinCEN Identifiers in BOI Reporting
08/11/2023
Beneficial owners of numerous reporting companies would be able to use FinCEN identifiers to simplify the reporting process and for data security purposes.
Operational Risk
Singapore’s OCBC Experiences 2.5 Hour Service Disruption
08/11/2023
In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.
Anti-Money Laundering
Malaysia Close to Settling Outstanding 1MDB Debts – Report
08/11/2023
Funds Malaysia will receive next year as part of a settlement with an Abu Dhabi state fund will give it enough to pay off 1MDB’s remaining debts.
PEPs & Sanctions
New York State Fines Payments Company for Weak Sanctions Controls
07/11/2023
Payoneer settles with New York State for USD 1.2 million for compliance failings after paying OFAC USD 1.4 million in 2021.
Fraud, Scams & Cybercrime
Taiwan Financial Adviser Suspected of Colluding with Fraud Syndicates
07/11/2023
A former financial adviser of DBS Taiwan reportedly caused $1.5mn of losses to clients through collusion with criminal gangs and fraud groups.
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