Anti-Money Laundering

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.

Supervision & 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.

Cloud & Infrastructure

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.

PEPs & 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

PEPs & 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.

PEPs & 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.

Anti-Money Laundering

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.

Payments & Settlements

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.

Structural Regulation

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.