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
Most Kyrgyz Banks Have Suspended Money Transfers to Russia
25/08/2024
13 of 16 Kyrgyz banks have halted transfers to Russian lenders via their mobile apps. The central bank said this is to “prevent the negative impact of international sanctions”.
ESG / Sustainability
DBS Becomes First SEA Bank to Use PBOC’s Green Loan Facility
25/08/2024
DBS issued a CNY 500 million green loan facility for a wind power project under the PBOC’s Carbon Emission Reduction Facility.
Market Infrastructure
China Further Opens Up Foreign Investment in Key Sectors
25/08/2024
China’s 2024 negative list removes restrictions in the manufacturing, telecommunications, education, and healthcare sectors.
AML / KYC
TD Bank Provisions Additional $2.6b for Expected AML Penalties
25/08/2024
TD Bank said a global resolution of investigations by prudential regulators, FinCEN and the DOJ is expected by year-end.
AML / KYC
Korean Financial Institutions Launch Credit Transaction Blocking Service
24/08/2024
Consumers can register for a financial system-wide block on credit transactions to protect their accounts from being used for fraudulent loans.
US Federal Court Strikes Down FTC Rule on Non-Competes
24/08/2024
The court found that the FTC exceeded its statutory authority in issuing the rule, which would have banned non-competes from 4 September.
Capital / Liquidity
Korea Confirms Plans to Tighten Lending Rules in September
23/08/2024
Starting in September, the second phase of the ‘Stressed DSR’ rules will apply, and lenders will be required to calculate the DSR for all new household loans.
Crypto / Digital Assets
SFC Finds ‘Unsatisfactory Practices’ at Some Crypto Firms
23/08/2024
The SFC found an overreliance on just a few executives for custody and inadequate safeguards against cybercrime risks.
AML / KYC
Binance and Macau Police Launch Campaign to Combat Scams
23/08/2024
Binance has partnered with the Macau Judiciary Police to launch an anti-scam campaign, aiming to protect users from the risk of fraud in the digital space.
Securities / Derivatives
US SEC Fines Transfer Agent for Failure to Guard Against Cyber Fraud
23/08/2024
The transfer agent’s failures led to more than $6.6mn in losses from two separate cyber intrusions, one of which involved Hong Kong bank accounts.
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