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
PEPs & Sanctions
OFAC Extends Authorisation for Russia-related Energy Transactions
29/04/2024
The general licence authorises energy-related transactions with nine Russian banks and the central bank. It was scheduled to expire on 1 May 2024.
Conduct, Culture & Accountability
CSRC Tightens Investment Restrictions for Former Employees
29/04/2024
The revised regulations prohibit former employees who held positions in issuance supervision and regulatory roles from participating in IPOs for ten years after departure.
Anti-Money Laundering
China Seeks Feedback on Draft Revisions to AML Law
29/04/2024
The scope of the law is expanded to cover non-financial businesses and professions and formally adopt the concept of “beneficial ownership”, among other changes.
Resolution & Recovery
FDIC Seizes and Sells Republic First Bancorp in Latest Rescue
29/04/2024
The bank ran into trouble in early 2023 due to high cost pressures, a decline in deposits, a struggling mortgage lending business, and an inability to improve profitability.
Anti-Money Laundering
UK Law Enforcement Gets Stronger Powers to Seize Crypto
29/04/2024
UK law enforcement agencies will be able to seize crypto assets from a suspect without having to make an arrest first.
Trading & Investment
SFC Announces Details of Extended Grant Scheme for OFCs, REITs
29/04/2024
The SFC’s Christina Choi said the extension will “boost Hong Kong’s competitiveness and development as a preferred fund domicile for the industry.”
CBDCs
BOJ Publishes Progress Report on CBDC Pilot Experiment
29/04/2024
The experimental CBDC system will preserve user privacy by requiring intermediaries to separate customer data management from payment functions.
Emerging Prudential Risks
China: ICBC Establishes Armed Forces Department
28/04/2024
The department is meant to serve as a reserve force to respond to natural disasters, help maintain “social order”, and provide support during wartime.
PEPs & Sanctions
UK FCA Proposes Updates to Financial Crime Guide
28/04/2024
The updates cover regulatory expectations on sanctions, proliferation financing, transaction monitoring, and cryptoassets, among other areas.
PEPs & Sanctions
Russia Places Two EU Companies Under Gazprom Management
28/04/2024
Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.
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