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
Market Infrastructure
ACCC Greenlights Experian Takeover of Rival illion
19/08/2024
The ACCC said the merger will not impact competition in the consumer credit reporting market because of the dominance of market leader Equifax.
Capital / Liquidity
BOK Seeks to Promote Growth in Resident Foreign Currency Deposits
19/08/2024
Foreign currency deposits in Korea only accounted for 5.4% of total deposits at the end of last year, compared to around 20.1 in OECD countries.
AML / KYC
Lithuania Intensifying Crackdown on Sanctions Evasion Activities
19/08/2024
Over 50 investigations relating to sanctions breaches have been opened in Lithuania. Rulings in several cases have already been issued.
Securities / Derivatives
Indonesia to Establish Money Market CCP by End of Year
19/08/2024
Bank Indonesia and eight banks will invest in and help develop the CCP, which will be housed under IDClear, the CCP for the country’s capital market.
Sanctions
UK OFSI Issues Additional Guidance on Russia Sanctions
19/08/2024
Among other things, the new FAQs clarify that non-sanctioned Russian nationals and companies in the UK are allowed to open or maintain UK bank accounts.
Market Infrastructure
Korea to Issue Guidelines to Encourage Greater Use of KOFR
19/08/2024
The BOK and FSC plan to introduce KOFR-linked overnight index swaps and ultimately restrict the use of CD rates in IRS transactions.
Enforcement
US SEC Fines ATS Operator OTC Link for AML Failings
18/08/2024
OTC Link did not file a single SAR over 38 months. Its AML department consisted of only two individuals who together spent just five hours per month reviewing trading alerts.
Sanctions
China Imposes New Export Controls on Strategic Minerals
18/08/2024
The export controls apply to antimony and related products as well as certain equipment and technologies used in materials science and engineering.
AML / KYC
Myanmar Charges Tycoon Over Use of Scam Centre Proceeds
18/08/2024
The former executive chair of privately owned Yoma Bank allegedly used criminal proceeds from online scam centres to invest in a real estate project.
FSC Korea Issues Guidelines on Protection of Debtors
17/08/2024
Financial companies have until 17 October to finalise internal standards to comply with new requirements under the Personal Debtor Protection Act.
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