Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
Latvia Extradites Citizen to Face US Charges for Russian Exports
22/08/2024
Oleg Chistyakov conspired with two US nationals to sell sophisticated avionics equipment to Russian companies, in violation of sanctions.
AML / KYC
South Korea Implements Measures to Prevent Insurance Fraud
22/08/2024
South Korea has intensified its efforts to combat insurance fraud with the enactment of new laws and extensive public awareness campaigns.
Capital / Liquidity
Taiwan Considers New Measures to Control Property Speculation
22/08/2024
Banks are asked to develop “specific quantitative improvement plans” for managing the concentration of loans in the real estate sector.
Enforcement
PwC Braces for Potential 6-Month Ban in China – Reports
22/08/2024
PwC is reportedly preparing for a potential 6-month ban in China over its audit of troubled property developer China Evergrande Group.
Fintech / Regtech
BIS Innovation Hub to Develop ISO 20022 Data Analytics Platform
22/08/2024
The Project Keystone platform will support the growing adoption of ISO 20022 standards in payment systems worldwide.
Securities / Derivatives
Korea Introduces New Rules for Online Investment Advisers
21/08/2024
Firms that offer investment advice through social media and stock trading chatrooms will be regulated as investment advisory firms.
Sanctions
US Sanctions Former Haitian President for Drug Trafficking
21/08/2024
OFAC said Michel Joseph Martelly facilitated the trafficking of dangerous drugs, laundered illicit drug proceeds, and sponsored criminal gangs.
ESG / Sustainability
Singapore Financial Industry Bodies Sign MOU on Skills Development
21/08/2024
Seven associations including IMAS and ABS signed an MOU with IBF and NTUC to promote the adoption of Financial Sector Job Transformation Maps.
Enforcement
China Issues Guidelines on Prosecutions in Financial Fraud Cases
20/08/2024
Organisations and individuals that provide a “one-stop financial fraud service” to companies or enterprises will be “severely punished”.
Sanctions
Shanghai Chip Equipment Firm Sues for Removal from US Blacklist
20/08/2024
AMEC said it has never been involved in any military-related activities and its inclusion in the US blacklist was without legal basis.
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