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
Sanctions
OFAC Sanctions Hong Kong, UAE Firms for Russian Oil Trades
20/12/2023
US aims to strengthen G7 oil price cap sanctions with asset freeze on Russian state-owned ship manager and Hong Kong and UAE companies found trading Russian oil above the cap.
Sanctions
US Sanctions Companies Across Asia for Procuring Parts for Iranian UAVs
20/12/2023
OFAC sanctions targets in Hong Kong, Indonesia, and Malaysia as DOJ indicts Iranian and Chinese nationals.
Crypto / Digital Assets
HashKey Secure Fund Management Licence in Singapore
20/12/2023
With the new licence, HashKey intends to provide regulated fund management services to institutional and accredited investors from Singapore.
AML / KYC
HK ICAC Charges Two in Bribery Case Involving ICBC Unit
20/12/2023
A shipping consultancy director bribed a former executive of ICBC Financial Leasing to secure a consultancy contract for an iron ore shipping project.
Enforcement
Taiwan: Cathay United Bank Fined Over Misappropriated Client Funds
20/12/2023
Two employees were involved in the misconduct. The bank was fined and is being required to increase its operational risk capital.
Fintech / Regtech
Japan, Cambodia Agree to Establish Cross-border QR Payment Link
19/12/2023
Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.
Enforcement
Korea FSS Identifies Misconduct by Nine Securities Firms
19/12/2023
The securities firms and up to 30 managers were involved in selling investment assets amongst themselves to shift losses between customer accounts.
AML / KYC
MAS Suspends Non-Bank, Non-Card Channels for China Remittances
19/12/2023
The move is a response to reports that remittances to China made by individuals in Singapore have been subsequently frozen by mainland law enforcement agencies.
Market Infrastructure
China Expands Pilot Programme to Boost Cross-border Trade and Investment
19/12/2023
The pilot programme, launched in 2022, is expanded to cover all of Shanghai, Jiangsu, Guangdong, Beijing, Zhejiang, and Hainan.
Crypto / Digital Assets
EU Publishes Details of Latest Russia Sanctions Package
18/12/2023
EU adds 147 names to asset freeze list and bans diamond imports in its 12th round of sanctions against Russia since February 2022.
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