Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Enforcement
China NFRA Fines Three Banks for Loan-related Violations
22/08/2023
Several violations involved the improper use of loan proceeds by borrowers such as to fund investments in property and securities.
RBI Asking Banks to Settle UAE Trade Without USD – Report
22/08/2023
The RBI has asked banks to encourage clients and corporates to settle trade with the UAE using the dirham or Indian rupee.
AML / KYC
India Tightens Rules on SIM Card Registration to Combat Fraud
22/08/2023
India’s one million SIM card dealers will have to undergo a mandatory verification and registration process within one year.
Capital / Liquidity
Tokyo Bourse Approves Japan’s First Active ETF Listings
22/08/2023
Two active ETFs, both managed by Nomura Asset Management, will list on the Tokyo Stock Exchange on 7 September.
AML / KYC
China, Thailand, Myanmar, Laos Launch Joint Police Operation
22/08/2023
Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.
Enforcement
SFC Fines Changjiang Corporate Finance for Sponsor Failures
21/08/2023
The company is prohibited from acting as a sponsor for listing applications in Hong Kong for one year, potentially longer if deficiencies are not addressed.
Fintech / Regtech
Cambodia, Laos Launch Cross-border QR Payment Link
21/08/2023
A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.
Crypto / Digital Assets
Russia Launches CBDC Pilot With 13 Banks Participating
21/08/2023
The pilot involves 13 banks and 600 individual clients who can make payments at 30 points of sale in 11 Russian cities.
AML / KYC
PBOC Forms New AML Office With Beijing Procuratorate
21/08/2023
The new office will help to establish a coordinated investigation system to combat money laundering and improve the efficiency of fighting financial crime.
Securities / Derivatives
FSB Launches Review to Assess MMF Reform Progress
21/08/2023
The objective of the review is to take stock of the progress made by jurisdictions to assess and address money market fund vulnerabilities.
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