Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    Market Infrastructure

    Japan Banks Finalise Decision to Lower Interbank Transfer Fees

    22/03/2021

    Effective from 1 October, interbank money transfer fees will be lowered to JPY 62 per transaction, the first reduction in 40 years.

    Market Infrastructure

    LCH Sets Dates for Conversion of SwapClear LIBOR Contracts

    21/03/2021

    Conversion of CHF, EUR and JPY LIBOR shall apply to SwapClear contracts outstanding on 3 December. Conversion of GBP LIBOR will apply to contracts outstanding on 17 December.

    AML / KYC

    FATF Seeks Stakeholder Views on Updated VASP Guidance

    21/03/2021

    Views are sought from academics, policy bodies, VASPs, technology developers and providers, other regulated entities such as banks, and authorities.

    AML / KYC

    AUSTRAC Questioned on Handling of Drug Money Case

    21/03/2021

    AUSTRAC reportedly said it has not taken action against the banks involved because they did not have reason to be suspicious of the transactions and they aided the investigation.

    Fintech / Regtech

    HKMA Outlines Regtech Use Cases for Treasury Operations

    21/03/2021

    The use cases presented include solutions to detect rogue trading activities, standardise derivatives trading lifecycle events, and enhance liquidity risk monitoring.

    Enforcement

    CBIRC Fines Sichuan Trust Over Illegal Loans, Other Violations

    21/03/2021

    The CBIRC listed 13 violations for the CNY 34.9 billion fine. A team of officials already took control of Sichuan Trust in December following its failure to repay investors.

    Securities / Derivatives

    Malaysia Grants Fee Waivers, Rebates on Listing Related Fees

    21/03/2021

    Processing fees, prospectus registration fees, initial fees and annual listing fees will be provided to companies seeking a listing, while companies already listed can receive rebates.

    AML / KYC

    China: 13 Arrested for Using Crypto to Launder Fraud Proceeds

    21/03/2021

    The suspects confessed to laundering proceeds from telecoms fraud using Tether, before withdrawing the funds to transfer overseas.

    Enforcement

    ASIC Bans Director, Account Managers at FX Broker

    21/03/2021

    Clients were pressured to deposit funds into their trading accounts, engage in high-risk trading, and delay or cancel withdrawal requests.

    AML / KYC

    FCA Files Criminal Proceedings Against NatWest for AML Failures

    19/03/2021

    NatWest is facing criminal charges for not adequately monitoring and scrutinising large payments into a corporate client’s accounts.

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