Custody & Infrastructure

Crystal Intelligence Highly Commended for Blockchain Analytics & Investigations Solution

05/11/2024

Crystal Intelligence Highly Commended in the Blockchain Analytics & Investigations Solution at the 2024 Regulation Asia Awards for Excellence

Payments & Settlements

Taiwan Raises FX Settlement Limit for Individuals, Enterprises

05/11/2024

The foreign exchange settlement limit was raised from $5mn to $10mn for individuals and from $50mn to $100mn for enterprises.

Anti-Money Laundering

Regulation Asia Awards for Excellence 2024 – Results Announcement

05/11/2024

Regulation Asia held its 7th annual Awards ceremony on 4 November 2024. Here we announce the winners in each category.

Operational Risk

Two of Korea’s Largest Financial Groups Facing Regulatory Scrutiny

05/11/2024

The FSS is scrutinising KB Financial Group for its poor management of its Indonesia business, and Woori over organisational culture issues.

Anti-Money Laundering

Thai SEC Directs Crypto Firms to Report Suspicious Transactions

05/11/2024

The SEC directive is a response to a case involving the alleged use of the USDT stablecoin to launder money.

Supervision & Enforcement

US SEC Fines JPMorgan Units $151m for Regulatory Violations

05/11/2024

The amount includes $61mn of civil penalties and $90mn of reimbursements to customers, settling five separate enforcement actions brought by the SEC.

Tokenisation

Citi and Fidelity International Announce PoC of On-chain MMF

04/11/2024

The solution, a tokenised MMF with an embedded digital FX swap, can “enable faster, seamless management of treasury positions, eliminate delays and improve efficiency”.

Fraud, Scams & Cybercrime

Bank of Singapore Recognised for Use of AI in Fraud and Financial Crime Prevention

04/11/2024

Bank of Singapore’s AI-driven fraud prevention solution was highly commended in the category of Best Use of AI for Fraud and Financial Crime Prevention _by a Ban_k at the 7th Regulation Asia Awards for Excellence 2024

Trade Based Money Laundering

Eastnets Highly Commended for Trade Compliance Solution at 2024 Regulation Asia Awards

04/11/2024

Eastnets was Highly Commended for its trade-based money laundering (TBML) and compliance solution at the 7th Regulation Asia Awards for Excellence 2024.