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
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.
ESG / Sustainability
Philippine SEC Launches Framework for Blue Bond Issuance
10/12/2023
SEC chairperson Emilio Aquino described the launch of the blue bond framework as a “giant leap” toward fostering a sustainable blue economy.
Securities / Derivatives
CSRC Proposes New Rules, Lower Fees for Public Funds Sales
10/12/2023
The rule changes seek to reduce the commission rates charged on public funds and improve the processes managers use to select distributors.
Crypto / Digital Assets
Taiwan Considers Platform Design for Possible Future CBDC
08/12/2023
Taiwan’s central bank has completed a wholesale CBDC feasibility and technology study but has not yet decided whether to introduce a CBDC.
Crypto / Digital Assets
Solomon Islands Central Bank Starts Testing CBDC
08/12/2023
The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.
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