Fraud, Scams & Cybercrime

Taiwan’s Shin Kong Bank Fined Over Misappropriated Client Funds

04/01/2024

The FSC said the bank failed to establish internal controls and prevent the misappropriation of client funds by a former wealth manager.

Payments & Settlements

India Launches UPI Block Facility for Stock Market Trades

04/01/2024

Investors can block funds in their bank accounts for secondary market stock trades rather than transfer them to brokers upfront.

KYC & CDD

China: Regulator Calls on Banks to Improve FX Business Processes

04/01/2024

Banks should adopt “differentiated” review measures in their FX exchange business and deal with customers according to the level of risk they present.

Fraud, Scams & Cybercrime

Korea Issues Standards for Evaluating Accounting Management Systems

04/01/2024

The FSS issued evaluation and reporting standards and new guidelines for listed companies’ internal accounting management systems.

Structural Regulation

AllianceBernstein Wins Approval to Launch China Funds Business

04/01/2024

The approval makes AllianceBernstein the fifth foreign-owned asset manager to win authorisation to start operating mutual funds in China.

PEPs & Sanctions

EU Sanctions World’s Largest Diamond Producer

04/01/2024

The move is in line with the ban on Russian diamonds introduced as part of the EU’s 12th package of sanctions last month.

Structural Regulation

China Adopts Company Law Revisions to Improve Governance

03/01/2024

The revised Company Law, which takes effect from 1 July 2024, improves protections for small and medium-sized shareholders.

Trading & Investment

SFC Sets Out Trigger Events Requiring Disclosure by ETF Managers

03/01/2024

The circular lists examples of events that may trigger ongoing disclosure requirements by management companies of ETFs.

Anti-Money Laundering

Regulation Asia: Top 20 News Stories for 2023

02/01/2024

This list presents the most-read news stories published by Regulation Asia in 2023, based on aggregated user traffic analytics.