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
AML / KYC
KoFIU, DAXA Target Unlicensed Crypto Firms With New Initiative
06/12/2023
The public can report unlicensed crypto exchanges to DAXA, which will review the reports and then pass them to KoFIU for further action.
ESG / Sustainability
Export Credit Agencies Team Up to Decarbonise Global Trade
06/12/2023
The export credit agencies commit to ending new direct support for the fossil fuel energy sector by the end of 2024.
ESG / Sustainability
MAS Establishes Energy Transition Acceleration Finance Partnership
06/12/2023
The new ‘energy transition acceleration finance partnership’ will help to mobilise capital to finance energy transition projects in Asia.
Fintech / Regtech
Singapore Launches New National AI Strategy
06/12/2023
Singapore will collaborate with industry AI product development teams, create focused AI training programmes, and accept AI talent from around the world.
Securities / Derivatives
Korean Law Firms File Complaint Against HSBC, BNP Paribas – Report
06/12/2023
The complaint calls on Seoul prosecutors to swiftly investigate the banks’ short-selling practices in cooperation with the FSS and Hong Kong authorities.
AML / KYC
Banque Pictet to Pay $123m to Settle US Tax Evasion Case
06/12/2023
Banque Pictet helped US taxpayers to use coded accounts, foreign trusts and entities, nominee beneficiaries and other “deceits” to conceal their income and assets abroad.
Sanctions
US Treasury Announces “Counter-Fentanyl Strike Force”
06/12/2023
Initiative is aimed at streamlining the US Treasury Department’s efforts to combat trafficking of illicit fentanyl.
Sanctions
US Government Offers Bounty for Russian National Accused of Sanctions Busting
06/12/2023
US government offers USD 7 million reward for individual accused of smuggling sensitive technology to Russia and money laundering via a German trading company.
Enforcement
China Fines Citic Bank and Others for Regulator Violations
06/12/2023
China Citic Bank was fined CNY 225 million for 56 regulatory violations. Multiple other banks, asset managers, and insurers were also fined.
Sanctions
US Sanctions Belgium-based Network for Russian Military Procurement
06/12/2023
US sanctions five individuals and nine entities as DOJ unseals indictments targeting illicit Russian military procurement.
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