AML / KYC

US Authorities Target US Clients of Trident Trust in Global Tax Probe

07/01/2025

US court order will require US entities of Trident Trust to reveal the identities of US taxpayer clients who used its services.

Enforcement

HK Court Fines Solicitor for Breaching SFO Secrecy Provision

07/01/2025

This is the first time a Hong Kong practicing solicitor has been convicted for contravening the secrecy provision under the SFO.

Fintech / Regtech

Taiwan and Lithuania Sign MOU on Financial Services Innovation

06/01/2025

The MOU allows both sides to exchange information and cooperate on innovation in financial services.

Sanctions

OFAC Sanctions Chinese Firm for Supporting Hacker Group

06/01/2025

OFAC said the cybersecurity firm, by supporting a Chinese state-sponsored hacker group, was complicit in activities that threatened US national security

Sanctions

China Adds 28 US Companies to Export Control List

06/01/2025

Ten of the companies were also added to China’s “unreliable entities” list. MOFCOM is separately considering restricting the export of battery tech.

Sanctions

Russia-EU Gas Flows via Ukraine Come to a Halt

06/01/2025

The European Commission said most EU states could cope with the change. Gazprom will lose around $5bn in annual gas sales.

ESG / Sustainability

Regulation Asia: Top 10 Contributed Articles for 2024

05/01/2025

This list presents the most-read contributed articles published by Regulation Asia in 2024, based on aggregated user traffic.

AML / KYC

India to Implement Payee Name Checking on RTGS, NEFT by April

05/01/2025

Banks have until 1 April 2025 to implement the beneficiary account name look-up facility for RTGS and NEFT transfers.

China NFRA Offers FIs Flexibility to Optimise Governance Structures

05/01/2025

As permitted by the revised Company Law, FIs can disband the board of supervisors and instead have its duties performed by the board-level audit committee.