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
Capital Adequacy
FSA Japan Issues Order Over Use of Falsified Data in Stress Tests
16/05/2024
Avatrade Japan used falsified data in stress tests to conceal its poor results and avoid having to increase capital.
Fraud, Scams & Cybercrime
Taiwan’s Yuanta Bank Fined for Embezzlement by Employee
16/05/2024
An employee privately negotiated repayment plans with customers and provided them a personal account for their debt repayments.
Anti-Money Laundering
Chinese Authorities Arrest Six in Crypto Money Laundering Scheme
16/05/2024
The suspects were involved in laundering CNY 2.14 billion through crypto transactions to South Korea.
Anti-Money Laundering
Singapore Makes Sixth Conviction in Money Laundering Case
15/05/2024
Turkish national Vang Shuiming was sentenced to “13 months and six weeks” imprisonment and required to forfeit S$179mn in assets.
Tokenisation
Deutsche Bank Joins Singapore’s Project Guardian
15/05/2024
The bank will test an open architecture and interoperable blockchain platform to service tokenised and digital funds.
AI Risk & Governance
Singapore to Boost Attractiveness of Accountancy Sector
15/05/2024
Accountancy Workforce Review Committee offers recommendations to build a sustainable pipeline of talents in the accountancy sector.
Cryptocurrency
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.
Structural Regulation
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.
Trading & Investment
SGX Lists First ETF Tracking APAC Financial Sector
14/05/2024
The ETF is a collaboration between SGX, Lion Global Investors and OCBC Securities.
KYC & CDD
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.
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