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
TD Bank Provisions Additional $2.6b for Expected AML Penalties
25/08/2024
TD Bank said a global resolution of investigations by prudential regulators, FinCEN and the DOJ is expected by year-end.
Fraud, Scams & Cybercrime
Korean Financial Institutions Launch Credit Transaction Blocking Service
24/08/2024
Consumers can register for a financial system-wide block on credit transactions to protect their accounts from being used for fraudulent loans.
Conduct, Culture & Accountability
US Federal Court Strikes Down FTC Rule on Non-Competes
24/08/2024
The court found that the FTC exceeded its statutory authority in issuing the rule, which would have banned non-competes from 4 September.
Credit Risk
Korea Confirms Plans to Tighten Lending Rules in September
23/08/2024
Starting in September, the second phase of the ‘Stressed DSR’ rules will apply, and lenders will be required to calculate the DSR for all new household loans.
Custody & Infrastructure
SFC Finds ‘Unsatisfactory Practices’ at Some Crypto Firms
23/08/2024
The SFC found an overreliance on just a few executives for custody and inadequate safeguards against cybercrime risks.
Fraud, Scams & Cybercrime
Binance and Macau Police Launch Campaign to Combat Scams
23/08/2024
Binance has partnered with the Macau Judiciary Police to launch an anti-scam campaign, aiming to protect users from the risk of fraud in the digital space.
Fraud, Scams & Cybercrime
US SEC Fines Transfer Agent for Failure to Guard Against Cyber Fraud
23/08/2024
The transfer agent’s failures led to more than $6.6mn in losses from two separate cyber intrusions, one of which involved Hong Kong bank accounts.
Reporting & Disclosures
Taiwan FSC to Simplify Requirements for FIs’ Annual Reports
22/08/2024
The proposed changes aim to simplify the process of annual report preparation and promote gender diversity among the boards of financial institutions.
Structural Regulation
HK Securities Firms Set to be Added to Wealth Connect Scheme
22/08/2024
Ten securities companies including China CITIC Securities, CICC, Huatai Securities and GF Securities will initially be added to the scheme.
PEPs & Sanctions
OFAC Issues Update on Infrastructure Modernisation Initiatives
22/08/2024
OFAC has released updated FAQs to make sanctions compliance easier and launched a new online platform for the public to submit queries.
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