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
PEPs & Sanctions
HSBC Stops Processing All Payments Involving Russia, Belarus
26/11/2024
Payments involving Russia or Belarus may be held for further review and rejected. Customers are advised to “make alternative arrangements” for such transactions.
Operational Risk
Hong Kong Completes Transition to Multiple CRA Operating Model
26/11/2024
The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.
Cryptocurrency
BSP Proposes to Enhance Reporting Requirements for VASPs
26/11/2024
VASPs must submit 13 reports at specified intervals to ensure thorough oversight. A new reporting portal will be implemented by January.
Market Abuse
US Authorities Charge Former Co-CIO of WAMCO with Fraud
26/11/2024
Ken Leech disproportionally allocate winning trades to favoured portfolios and loss-making trades to disfavoured portfolios.
Market Data & Technology
NY Fed Starts Publishing SOFR With Revised Methodology
26/11/2024
The revised methodology removes transactions between affiliated institutions and mitigates the influence of “specials” transactions
PEPs & Sanctions
UK Sanctions “Infamous Kleptocrats” to Start Anti-Corruption Campaign
25/11/2024
The FCDO said the sanctions mark “the start of a new campaign” to clamp down on corruption and illicit finance both at home and overseas.
PEPs & Sanctions
US State Department “Taking Steps” to Sanction Hong Kong Officials
25/11/2024
The move is a response to the jailing of 45 pro-democracy advocates. China has vowed to take “firm countermeasures” if the sanctions come to pass.
PEPs & Sanctions
OFAC Targets Russian Finance With Sweeping New Sanctions
24/11/2024
The sanctions target Gazprombank, over 50 other Russian banks, more than 40 Russian securities registrars, and 15 Russian finance officials.
PEPs & Sanctions
Dutch Law Firm Found Facilitating Iranian Oil Sales – Report
23/11/2024
The Dutch law firm reportedly used a Surinamese subsidiary to set up companies to manage oil tankers that are part of Iran’s “ghost fleet”.
PEPs & Sanctions
Myanmar Groups Call for Sanctions on Myanma Economic Bank
23/11/2024
Civil society groups say state-owned Myanma Economic Bank is being used to circumvent sanctions and enable the military junta to access foreign currency.
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