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
Anti-Money Laundering
HK Police Arrest Bank Staff for Money Laundering – Report
20/01/2021
The 7 individuals arrested are said to have helped a member of an international money laundering syndicate open at least 14 bank accounts.
Structural Regulation
Rakuten Launches First Digital-only Bank in Taiwan
20/01/2021
Rakuten International Commercial Bank was one of three groups granted authorisation to set up a digital bank in July 2019.
Clearing & Post-Trade
Clearinghouses Consider Early LIBOR Switch for Derivatives – Report
20/01/2021
LCH and CME Group could carry out a switchover in late November or early December for LIBOR derivatives to protect from tight liquidity in the benchmark’s final days.
Trade Based Money Laundering
Australian Border Force Disrupts Money Laundering by Drug Cartels
20/01/2021
9 Australian and 7 international banks were used to launder A$500mn in illegal profits from the drug trade between 2014 and 2017.
Market Data & Technology
GLEIF Enhances LEI Search Engine, Automates Access to LEI Data
19/01/2021
A new API enables third-party developers to automate searches and retrieve higher quality LEI data from within their application environments.
Trading & Investment
China: SAFE Allocates $9bn in Additional Quotas to QDIIs
19/01/2021
90% of the new quotas were granted to 14 fund managers, including China Southern Asset Management, E Fund Management, Bosera Asset Management and Harvest Fund Management.
Structural Regulation
PBOC, CBIRC Restrict Online Sale of Deposit Products by Banks
19/01/2021
The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.
Anti-Money Laundering
UPDATED: Philippine Senate Approves Amendments to AML Law
19/01/2021
The approval comes ahead of an evaluation by the FATF, slated for February, as the Philippines seeks to avoid being gray-listed.
Structural Regulation
UPDATED – PBOC Says Ant Group Working to Overhaul Business Structure
19/01/2021
Ant Group is drawing up a timetable to fold its financial operations into a holding company, under the guidance of regulators.
Cybersecurity
MAS Raises Expectations on Technology Risk Management
19/01/2021
The revised guidelines set out higher expectations for FIs in technology risk management, including for assessments of third-party suppliers.
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