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
AML / KYC
FATF Updates Standards to Address Adverse Outcomes Facing NPOs
17/11/2023
The FATF adopted amendments to Recommendation 8 and its Interpretive Note and updated its best practices paper on combatting TF abuse of NPOs.
AML / KYC
Pacific Islands to Bolster Sharing of Financial Intelligence
17/11/2023
Pacific Island FIUs met in the Cook Islands this week. It was revealed that AUSTRAC provided the Cook Islands FIU a new data analytics system.
Sanctions
US Sanctions Highlight Russian Influence in Balkans Region
17/11/2023
US government actions targets individuals and entities linked to Russia accused of corruption and destabilising activities in the Balkans.
Enforcement
OFAC Sanctions UAE Companies, Vessels for Trading Russian Oil
17/11/2023
Latest OFAC action meant to strengthen enforcement of the G7 oil-price cap as Russia continues to profit from oil exports.
Sanctions
US Lifts Export Controls on Chinese Institute as Part of Fentanyl Deal
17/11/2023
The US Commerce Department removed China’s Ministry of Public Security’s Institute of Forensic Science from the Entity List as part of a bilateral effort to regulate the fentanyl trade.
Crypto / Digital Assets
ATO Updates Guidance on Crypto Capital Gains Tax
16/11/2023
Capital gains tax applies to transactions involving wrapped tokens, DeFi lending and borrowing arrangements, liquidity pools, and DeFi reward payments.
Market Infrastructure
China Proposes to Streamline FX Business Rules for Capital Account
16/11/2023
The revised guidelines seek to provide greater convenience in the handling of foreign exchange under the capital account, SAFE said.
Market Infrastructure
ASIC Licenses Second Derivative Trade Repository
16/11/2023
ASIC has granted an Australian Derivative Trade Repository licence to US-based KOR Reporting Inc.
AML / KYC
China Issues Draft Rules Promising Strict Penalties for Fraudsters
16/11/2023
Individuals who commit fraud can have their bank accounts and communication services suspended, and their offences included in the national financial credit information base.
AML / KYC
Singapore Police Make Five Arrests in Anti-scam Operation
16/11/2023
The police acted on information from DBS, seizing S$680,000 and arresting five individuals including a 16-year-old.
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