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

    AML / KYC

    AML Audit Ordered by AUSTRAC Finds Afterpay ‘Low Risk’

    26/11/2019

    Following AUSTRAC’s order for Afterpay to review its AML/CTF compliance in June on suspicious of breaches, an external order has found the breaches only occurred due to the poor legal advice.

    AML / KYC

    Myanmar Announces Licensing Framework for Remittance Providers

    26/11/2019

    The move is aimed at providing a cost-effective channel for the legal movement of money into Myanmar and reduce the use of illegal money transfer brokers.

    SGX RegCo Rewards Good Governance with ‘Fast Track’ List

    26/11/2019

    SGX RegCo has named 95 companies that will receive prioritised responses on selected corporate action submissions for maintaining high standards of governance, compliance and reporting quality.

    ESG / Sustainability

    Vietnam Banks to Include ESG Factors in Credit Risk Analysis

    26/11/2019

    The State Bank of Vietnam has directed all Vietnamese banks to include ESG risk assessments in credit risk analysis and establish dedicated ESG analysis units by 2025.

    AML / KYC

    FATF to Develop Guidance on Disrupting Illegal Wildlife Trade

    26/11/2019

    Under its Chinese presidency, the FATF has made it a priority to help countries target money and criminal networks involved in the illegal wildlife trade.

    APRA Proposes Best Interests Duty for Insurance in Superannuation

    26/11/2019

    Superannuation funds which use related parties to deliver insurance will need to certify that the arrangements are in the best interests of members.

    Fintech / Regtech

    Thailand to Launches DLT Pilot Trading Corporate Bonds

    26/11/2019

    The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

    AML / KYC

    UPDATED – Westpac Announces Plan to Address AML/CTF Failings

    26/11/2019

    Westpac is determined to urgently fix the issues raised by AUSTRAC and lift its standards. ASIC and APRA have begun investigations into the bank.

    AML / KYC

    Singapore Company Director Jailed for North Korea Trade

    25/11/2019

    The Singapore man was reportedly selling luxury goods to a North Korean shop, shipping the goods via Dalian, and receiving payment via front companies in China and Hong Kong.

    Capital / Liquidity

    CBIRC Proposes Higher Conduct Standards for Trust Companies

    25/11/2019

    The CBIRC has issued draft rules cancelling the $1bn total asset threshold foreign FIs are currently required to meet to hold shares in domestic trust companies, among other revisions.

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