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
Operational Risk
MAS Instructs DBS, Citi to Investigate Delayed Recovery from Outage
19/10/2023
The banks took longer than the required four hours to recover from last Saturday’s outage. MAS said it will take appropriate supervisory actions after gathering the necessary facts.
Anti-Money Laundering
FinCEN to Require FIs to Report Transactions Involving Crypto Mixers
19/10/2023
FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.
Fraud, Scams & Cybercrime
Singapore Prosecutors Establish Technology and Crypto Crime Task Forces
19/10/2023
Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.
Cloud & Infrastructure
MAS to Cooperate with Saudi Central Bank on Fintech
19/10/2023
MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.
Trading & Investment
SSE to Transition All Bond Bookbuilding to Centralised System
18/10/2023
The Shanghai exchange said bond issuers can use the centralised system voluntarily until 31 December, then it will become mandatory.
PEPs & Sanctions
OFAC Sanctions Hamas Operatives, Financial Facilitators
18/10/2023
OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.
Anti-Money Laundering
MAS to Commence Bank AML Inspections Within Weeks – Report
18/10/2023
The inspections will target banks whose clients were among those charged in Singapore’s S$2.8bn money laundering case.
PEPs & Sanctions
US Tightens Export Controls on Advanced Computing Chips
18/10/2023
The Commerce Department said changes are needed to maintain the effectiveness of the export controls imposed in October 2022 and close loopholes.
Payments & Settlements
CPMI Seeks Feedback on Governance of FPS Interlinking Arrangements
18/10/2023
The interlinking of fast payment systems is “one of the most promising solutions” for enhancing cross-border payments, CPMI says.
Anti-Bribery & Corruption
Former Bank of China Chairman Arrested on Corruption Charges
18/10/2023
Former Bank of China chairman Liu Liange is one of the highest-ranking bankers to become entangled in China’s anti-corruption campaign.
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