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
Enforcement
ECB to Order UniCredit, Raiffeisen to Cut Russia Business – Reports
22/04/2024
Italy’s UniCredit and Austria’s Raiffeisen Bank International are expected to be ordered by the ECB to pare back their Russia business.
Enforcement
Hong Kong AFRC Probing Whistleblower Allegations Against PwC
22/04/2024
The probe was prompted by an anonymous “whistle-blower report” circulating in the media which PwC says contains “inaccurate statements and false allegations”.
Enforcement
OFAC Penalises Thai Petrochemical Firm for Sanctions Violations
21/04/2024
A unit of a Siam Cement Group subsidiary obfuscated the Iranian origin of polyethylene resin, causing US banks to unknowingly process transfers that violated sanctions.
Enforcement
Australian Court Fines Macquarie for Inadequate Controls
21/04/2024
Macquarie failed to prevent a now jailed financial adviser from fraudulently withdrawing A$2.9mn from customer accounts between 2016 and 2019.
ESG / Sustainability
ISDA Offers Recommendations to Address Greenwashing in VCMs
21/04/2024
Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.
Sanctions
US Sanctions Four Entities Over Pakistan Missile Inputs
21/04/2024
One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.
Sanctions
US, EU Issue New Sanctions Over Settler Violence in West Bank
21/04/2024
OFAC’s sanctions target two entities that helped raise funds for two already-designated Israeli settlers. The EU sanctions target four individuals and two entities.
Sanctions
US Reimposes Sanctions on Venezuela’s Oil and Gas Sectors
20/04/2024
Venezuela has fallen short of its commitments in terms of opening up the democratic and electoral process, US officials said.
Crypto / Digital Assets
UK Banks Launch Digital Money Experimental Phase
19/04/2024
Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.
Sanctions
US, UK Unveil Initial Sanctions Response to Iran’s Airstrike
18/04/2024
The US sanctions target Iran’s drone production, steel industry and auto companies. The UK targeted those responsible for the weekend attack.
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