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
HKMA Publishes Cases Studies on Regtech Adoption for AML/CFT
26/09/2023
The report features examples of Regtech implementation for fraud monitoring, TM alerts handling, media monitoring, and customer risk monitoring.
Enforcement
Senior Nomura Banker Barred from Leaving China – Report
26/09/2023
The travel ban is said to be connected to a long-running investigation into two key executives of China Renaissance.
Enforcement
US Cities Obtain Green Light to Pursue Class Action Against Eight Banks
24/09/2023
Eight US banks are accused of conspiring to artificially inflate the interest rates on debt securities between 2008 and 2016.
Enforcement
OFAC Penalises 3M and Emigrant Bank for Iran Sanctions Violations
24/09/2023
3M agreed to pay $9.6mn for shipments destined for a customer in Iran. Emigrant Bank agreed to pay about $32,000 for processing transactions for two Iranian residents.
Enforcement
China Unveils New Five-Year Plan to Combat Corruption
24/09/2023
The plan aims to target sectors including finance and state-owned enterprises. A separate anti-corruption law will be introduced within five years.
Securities / Derivatives
China Pilots More Flexible Panda Bond Issuance Mechanism
24/09/2023
The programme will improve the efficiency of cross-border investment and financing on China’s interbank bond market, NAFMII said.
Crypto / Digital Assets
HKMA Says More Central Banks Will Join mBridge Platform
23/09/2023
HKMA CEO Eddie Yue said an MVP will soon be launched to pave the way for the “gradual commercialisation of mBridge”.
Korea to Relax Rules to Boost Offshore Lending and Trade Finance
23/09/2023
The changes will enable financial institutions, including foreign banks operating in Korea, to transfer foreign currency denominated debt to overseas entities.
Securities / Derivatives
Malaysia SC Outlines Ongoing Initiatives to Boost Capital Market
23/09/2023
The measures include a lower stamp duty, the introduction of fractional share trading, and a faster IPO process.
Sanctions
US Sanctions Entities Linked to Iranian Drone Production
23/09/2023
The sanctions target entities in Iran, China, Russia, and Turkey for aiding the production, maintenance, and procurement of drones and military aircraft by Iran.
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