Nithya Subramanian
Nithya Subramanian, a deputy editor at Regulation Asia, has wide experience covering the financial sector in India and Singapore. She has written extensively about wealth management, capital markets and insurance sectors tracking policy and corporate developments. Researching and writing about the South Asian diaspora settled in Singapore and the region is another area of interest. She has a post-graduate degree in English literature. Reach out to her at nithya@regulationasia.com
Articles by Nithya Subramanian
Crypto / Digital Assets
MAS Grants Major Payment License to XREX Singapore
14/05/2024
The approval authorises six payment services, including cross-border money transfer, e-money issuance and DPT services.
MAS Appoints New Chairman of the Board
14/05/2024
Minister for Trade and Industry Gan Kim Yong has been appointed Chairman for a two-year period.
Securities / Derivatives
SGX Lists First ETF Tracking APAC Financial Sector
14/05/2024
The ETF is a collaboration between SGX, Lion Global Investors and OCBC Securities.
AML / KYC
Singapore Jeweller Charged for Not Performing CDD Checks
13/05/2024
The jeweller failed to undertake customer due diligence checks when there was reason to suspect money laundering.
Enforcement
Singapore Court Convicts Hin Leong Founder for Cheating HSBC
13/05/2024
Lim Oon Kuin was convicted of cheating HSBC and abetting forgery. He will be sentenced in October.
AML / KYC
1MDB and Subsidiaries Sue Former PM’s Wife for $346mn
13/05/2024
The lawsuit alleged that funds from 1MDB and its subsidiaries were used by Najib Razak’s wife to purchase luxury goods.
Market Infrastructure
Singapore Parliament Passes Cybersecurity Amendment Bill
13/05/2024
The amendments introduce stricter reporting requirements for owners of CII and give more teeth to the CSA.
AML / KYC
Australia Publishes Sanctions Advisory for Crypto Exchanges
10/05/2024
Digital currency exchanges should take “reasonable precautions” and exercise due diligence to prevent sanctions evasion.
AML / KYC
Singapore to Strengthen Laws to Pursue Money Launderers
10/05/2024
Sectoral regulators will have access to STRs filed by entities they regulate, to enable better detection.
Crypto / Digital Assets
Singapore, UK to Boost Fintech, Green Finance Cooperation
09/05/2024
MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.
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