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-Bribery & Corruption
1MDB: Ex-Goldman Banker Sentenced to 10 Years in Prison
10/03/2023
Prosecutors had sought a 15 year sentence for Roger Ng, saying he was a central player in the “brazen and audacious scheme” to steal billions of dollars from 1MDB.
Structural Regulation
Credit Suisse Approved to Launch China Wealth Management Business
10/03/2023
Credit Suisse has received investment consultancy and proprietary trading licences, and an expansion of its brokerage licence.
PEPs & Sanctions
REPO Task Force Has Immobilised $58b of Russian Assets
10/03/2023
The REPO Task Force has released a statement and a joint global advisory to help the private sector spot and prevent sanctions evasion.
Anti-Money Laundering
Indian Crypto Businesses Now Subject to AML Laws
10/03/2023
Indian crypto firms are now formally required to perform KYC due diligence, verify client identities, monitor transactions, and report suspicious activities.
CBDCs
Swift Concludes 12 Weeks of Tests on CBDC Interlinking Solution
10/03/2023
Nine banks and three central banks participated in testing Swift’s API-based CBDC connector across two blockchain networks and fiat-based payment systems.
Anti-Money Laundering
SFC Fines City International Futures for AML Compliance Failures
10/03/2023
City International Futures is the 6th firm to be fined over the use of software that allows Mainland investors to trade without opening a local securities account in Hong Kong.
AI Risk & Governance
IOSCO to Develop Capacity Building Tool for Emerging Markets
09/03/2023
The so-called “MASI” tool will assist in self-assessments against the IOSCO core principles and facilitate comparisons against more developed regulatory frameworks.
Anti-Money Laundering
HK Issues Record Fine Against Unlicensed Money Service Business
09/03/2023
A Hong Kong money changer and two directors were fined for operating a money service business before their licence application was approved.
Resolution & Recovery
Crypto Focused Bank Silvergate to Enter Into Liquidation
09/03/2023
Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.
Cryptocurrency
NYAG Files Lawsuit Against Crypto Platform KuCoin
09/03/2023
In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.
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