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
Crypto / Digital Assets
UK to Launch Digital Securities Sandbox on 8 Jan 2024
20/12/2023
The sandbox will allow FMIs to test the use of new technology including DLT to operate trading venues and perform CSD activities.
China Issues New Rules for Consumer Finance Companies
20/12/2023
The rules focus on improving corporate governance, strengthening risk management, and enhancing protections for financial consumers.
Sanctions
OFAC Sanctions Hong Kong, UAE Firms for Russian Oil Trades
20/12/2023
US aims to strengthen G7 oil price cap sanctions with asset freeze on Russian state-owned ship manager and Hong Kong and UAE companies found trading Russian oil above the cap.
Sanctions
US Sanctions Companies Across Asia for Procuring Parts for Iranian UAVs
20/12/2023
OFAC sanctions targets in Hong Kong, Indonesia, and Malaysia as DOJ indicts Iranian and Chinese nationals.
Crypto / Digital Assets
HashKey Secure Fund Management Licence in Singapore
20/12/2023
With the new licence, HashKey intends to provide regulated fund management services to institutional and accredited investors from Singapore.
AML / KYC
HK ICAC Charges Two in Bribery Case Involving ICBC Unit
20/12/2023
A shipping consultancy director bribed a former executive of ICBC Financial Leasing to secure a consultancy contract for an iron ore shipping project.
Enforcement
Taiwan: Cathay United Bank Fined Over Misappropriated Client Funds
20/12/2023
Two employees were involved in the misconduct. The bank was fined and is being required to increase its operational risk capital.
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.
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