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
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.
Sanctions
Japan to Ban Russian Diamonds in Latest Round of Sanctions
18/12/2023
Japan imposes new round of asset freeze and trade restrictions against Russia, including ban on importing non-industrial diamonds.
Securities / Derivatives
CSRC Calls for Higher Dividends, Share Buybacks by Listed Companies
18/12/2023
Listed companies are asked to increase the frequency and amounts of their dividend payouts, and to boost share buybacks to “safeguard company value”.
Sanctions
UK Introduces New Legislation to Expand Russia Sanctions
18/12/2023
The package targets exports of military goods to Russia and the import of Russian metals. New reporting obligations also introduced to improve sanctions compliance.
Enforcement
EU Leaders Agree on 12th Russia Sanctions Package
18/12/2023
The package includes additional import and export bans and measures to better enforce the oil price cap. Agreement also reached on criminalisation of sanctions violations.
Enforcement
Ex-FBI Agent Jailed for Helping Sanctioned Russian Oligarch
18/12/2023
Former FBI agent Charles McGonigal conspired to violate US sanctions and commit money laundering to help sanctioned Russian oligarch Oleg Deripaska.
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