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Anti-Money Laundering
UPDATED: Philippine Senate Approves Amendments to AML Law
By Editors | 19/01/2021
The approval comes ahead of an evaluation by the FATF, slated for February, as the Philippines seeks to avoid being gray-listed.
Structural Regulation
SEBI Proposes to Ease Stock Exchange Ownership Norms
By Editors | 12/01/2021
Domestic promoters will be allowed to own 100% of a newly set-up stock exchange or depository for up to 10 years. Foreign promoters will be allowed to own up to 49%.
Anti-Money Laundering
PBOC Revises AML Rules to Enhance Supervisory Scope
By Editors | 02/01/2021
With continuous innovation in the financial sector and the emergence of new types of financial businesses, it is necessary to improve the scope of AML supervision, the PBOC says.
Anti-Money Laundering
SFC to Require OFCs to Appoint Responsible Person for AML
By Editors | 23/12/2020
The requirement replaces an earlier proposal for OFCs to maintain a significant controllers register, which was deemed too operationally burdensome.
Trade Based Money Laundering
Regulation Asia: Top Ten News Stories for 2020
By Editors | 22/12/2020
This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.
Anti-Money Laundering
FATF Warns of Continued Criminal Exploitation of Covid-19
By Manesh Samtani | 17/12/2020
The effective use of technology to support onboarding and ensure effective information sharing has become even more important, the FATF says.
Cryptocurrency
SFC Issues First Licence to Digital Asset Trading Platform
By Editors | 16/12/2020
The licences permit OSL Digital Securities to operate regulated brokerage and automated trading services for digital assets.
Structural Regulation
SEBI Consults on New Rules for Index Providers
By Sanday Chongo Kabange | 15/12/2020
SEBI proposes rules for index providers that conform to IOSCO requirements, to align India’s practices with those observed in foreign jurisdictions.
Anti-Money Laundering
Australia: AML Bill Passes Senate, DNFBP Amendment Rejected
By Manesh Samtani | 13/12/2020
An AML bill introduced last October has passed the Senate but without last month’s amendment to include real estate agents, accountants, lawyers.
Supervision & Enforcement
APAC Overtook US in AML Penalties For 2020: Fenergo
By Editors | 10/12/2020
APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
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