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
Korea Reactivates Corporate Restructuring Law to Avert Bankruptcies
12/12/2023
The law has lapsed and been re-enacted several times, but is recognised as a useful system to help companies return to normal operations.
Enforcement
UK to Launch New Unit to Investigate Trade Sanctions Violations
12/12/2023
The Office of Trade Sanctions Implementation is expected to begin its civil enforcement activities sometime in early 2024, the UK government says.
Sanctions
EU Expands Sanctions on Myanmar Junta and Supporters
12/12/2023
EU imposes asset freezes on four individuals and two companies in latest action against Myanmar’s military-led government.
Market Infrastructure
China Issues New Rules to Boost Cross-Border Trade and Investment
12/12/2023
Technology firms can more easily borrow funds from overseas and foreign-invested firms can more easily invest funds raised overseas for domestic reinvestment.
AML / KYC
Singapore: Resorts World Sentosa Fined for AML Failures
11/12/2023
Resorts World Sentosa did not perform customer due diligence checks and identity verification when receiving cash from third party depositors.
Enforcement
Binance’s CZ Zhao Now Required to Remain in US Until Sentencing
11/12/2023
Initially, a magistrate judge appeared to be allowing Zhao to leave the US until his sentencing hearing in February. A district court judge has reversed this ruling.
Fintech / Regtech
European Lawmakers Reach Agreement on AI Regulation
11/12/2023
AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.
Sanctions
US, UK, Canada Announce Coordinated Human Rights Sanctions
11/12/2023
The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.
Securities / Derivatives
Thai SEC to Update Rules for Bond Issuance by Foreign Firms
10/12/2023
Foreign businesses will only be permitted to issue baht-denominated debt in Thailand if they are rated at least investment grade by an international credit rating agency.
Enforcement
OFAC Announces Settlement with Nasdaq for Sanctions Violations
10/12/2023
Nasdaq’s Armenian subsidiary committed 151 apparent violations of sanctions on Iran before the violations were self-reported in 2014.
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