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
SFC Fines China Everbright Securities for AML/CFT Violations
16/06/2022
Unrelated clients received deposits from the same third party within four days, and then used the funds to trade in the same stock.
AI Risk & Governance
BSP Upgrades Infrastructure to Support Big Data Applications
16/06/2022
The BSP plans to start using big data sources and applications in 2023, starting with an index that will analyse online news to gauge the sentiment.
Conduct, Culture & Accountability
US SEC Penalises Schwab Over Robo-Adviser Disclosures
16/06/2022
High cash balances resulted in lower returns for robo-adviser clients. The effect of this “cash drag” was not disclosed to clients, the SEC said.
Fraud, Scams & Cybercrime
Singapore Trade Finance Registry to Go Live in Q4
16/06/2022
The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.
Structural Regulation
US Lawmakers Propose Measures to Block Investment in China
16/06/2022
The bill, if passed, will bring more pain to US companies than Chinese companies, says a China Foreign Ministry spokesman.
PEPs & Sanctions
UK OFSI Gets Stronger Powers to Punish Sanctions Breaches
16/06/2022
OFSI will no longer have to prove a person had knowledge or reasonable cause to suspect they were in breach of sanctions to impose a civil penalty.
Emerging Prudential Risks
US Fed Raises Interest Rates by Most Since in 28 Years
16/06/2022
The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.
Operational Risk
HKIMR Explores Pandemic Lessons for Operational Resilience
16/06/2022
Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.
Anti-Money Laundering
US, UK to Jointly Promote Privacy-Enhancing Tech for AML
15/06/2022
The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.
Conduct, Culture & Accountability
NZ FMA Fines Cigna for ANZ Product Distribution Failures
15/06/2022
ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.
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