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
Anti-Money Laundering
Australia: Crown Agrees to A$450m Penalty for AML Failures
31/05/2023
Crown admitted to AML/CTF breaches at its Melbourne and Perth casinos and agreed to pay A$450mn, subject to court approval.
Operational Risk
ORX Launches New Greenwashing Scenario Toolkit
30/05/2023
The toolkit is designed to support banks and insurers in creating a greenwashing scenario and help them tackle ESG-related operational risk.
Anti-Money Laundering
SkyCity Adelaide Ordered to Review AML/CTF Programme
30/05/2023
SkyCity Adelaide ordered to report on how it is meeting its AML/CTF obligations, and appoint an independent monitor.
Credit Risk
IASB Seeks Feedback on IFRS 9 Impairment Requirements
30/05/2023
The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.
Payments & Settlements
HKMA to Ramp Up Cross-border Collaboration with UAE
30/05/2023
The HKMA will form a joint working group with CBUAE and banking sector stakeholders to take forward the agreed initiatives.
Supervision & Enforcement
US OCC Sets Out Policy for Addressing “Persistent Weaknesses” at Banks
30/05/2023
The OCC may require banks to increase capital, restrict dividends, sell assets, divest subsidiaries or exit markets if they fail to fix “persistent weaknesses”.
Sustainable Finance
HKMC Securitises First Batch of Infrastructure Loans
30/05/2023
HKMC’s pilot securitisation includes a $100mn sustainability tranche backed by sustainable, green and social assets.
PEPs & Sanctions
OFAC Sanctions the Head of the Wagner Group in Mali
30/05/2023
OFAC says the Wagner Group has been attempting to purchase military systems from foreign suppliers and routing these weapons through Mali for use in Ukraine.
Fraud, Scams & Cybercrime
Singapore Court Order Credit Suisse to Pay Georgian Billionaire
29/05/2023
Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.
Structural Regulation
EU Commission Grants Antitrust Approval for UBS-Credit Suisse Merger
29/05/2023
The UBS acquisition of Credit Suisse has been approved in the EU, but is being complicated in China by regulatory requirements.
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