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
AUSTRAC Issues New Guidance on Outsourcing AML Functions
06/09/2024
Among other things, the guidance covers due diligence of service providers, outsourcing agreements, management and oversight, and performance monitoring.
AML / KYC
HK Customs Announces Disciplinary Actions Against Four MSOs
06/09/2024
The MSOs failed to keep records of remittance transactions and to identify beneficial owners and PEPs, among other breaches of AML/CTF requirements.
Fintech / Regtech
Australian Government Begins Implementing New AI Policy
06/09/2024
DTA said it will publish a training module by early October, refresh its GenAI guidance, pilot an AI assurance framework, and develop technical standards.
Enforcement
US Charges Six Hamas Leaders for Terrorism, Sanctions Evasion
06/09/2024
The DOJ said Hamas crypto fundraising efforts caused US persons to engage in transactions that violated US sanctions regulations.
Securities / Derivatives
China Securities Association Issues New Code of Professional Ethics
05/09/2024
Securities firms have until 31 March 2025 to update and improve their personnel management systems to comply with the revised Code.
Crypto / Digital Assets
FSS Korea to Soon Commence Inspections of Crypto Businesses
05/09/2024
The inspections will check for illegal or suspicious transactions, compliance with consumer protection rules, and unethical business practices.
Sanctions
US Sanctions Russian Individuals, Entities for Election Interference
05/09/2024
The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.
AML / KYC
Indonesia Captures Former Philippine Mayor Charged for Money Laundering
05/09/2024
The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.
Capital / Liquidity
Shanghai Pudong Development Bank Takes Control of SVB Joint Venture
05/09/2024
The NFRA has approved of Shanghai Pudong Development Bank taking full ownership of a joint venture with bankrupt Silicon Valley Bank.
Capital / Liquidity
Korea FSS Requests Capital Plans from Four Savings Banks
04/09/2024
Four savings banks have seen their capital ratios fall below recommended minimums due to loan delinquencies and related provisions.
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