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
New Zealand Court Dismisses Appeal of First AML Act Convictions
19/07/2022
Jiaxin Finance, its sole director and his mother were sentenced to pay fines for AML/CFT violations in 2020. Their appeals have been dismissed.
Structural Regulation
LME Delays New Reporting Requirements to 5 September
19/07/2022
Market participants expressed concerns regarding their ability to ensure data is properly and accurately reported by the implementation date, earlier set for 18 July.
Fraud, Scams & Cybercrime
Scam Loss Sharing Framework Will Take Longer to Develop: MAS
19/07/2022
Developing the new framework is taking longer than expected due to the complexity of the issues involved and the importance of ensuring the framework has the correct incentives.
Payments & Settlements
BSP Designates Two “Prominently Important” Payment Systems
18/07/2022
The designation of PESONet and InstaPay as Prominently Important Payment Systems will mean they are subject to closer BSP supervision and monitoring.
Anti-Money Laundering
BSP Issues Guidance on Conducting AML/CFT Risk Assessments
18/07/2022
The findings from institutional risk assessments should be used to enhance AML/CFT/CPF/sanctions compliance programmes and made available to the BSP during examinations.
Cloud & Infrastructure
HKMA, Banks, Bloomberg Launch Fintech Talent Initiative
18/07/2022
The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.
Fraud, Scams & Cybercrime
Singapore Police Lay Fraud Charges Against Zenrock Founder
18/07/2022
The founder and his former operations executive were charged for cheating Bank of China, HSBC and Credit Agricole CIB.
Fraud, Scams & Cybercrime
SFC Bans Former StanChart Representative for Three Years
18/07/2022
The representative’s mother transferred funds into five customers’ payroll accounts to improve his work performance.
Cybersecurity
Chinese Police Summon Alibaba Staff to Probe Data Breach
18/07/2022
Personal information on 1 billion Chinese citizens was reportedly stolen from a Shanghai police database located on an Alibaba server.
Structural Regulation
HKEX, SFC Extend HKIDR Testing Period Until 5 August
18/07/2022
Firms that have not completed the mandatory E2E Test yet are reminded to complete the test “as soon as possible”.
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