Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Fintech / Regtech
Bangladesh Bank Receives 52 Digital Bank Licence Applications
20/08/2023
The number of applications substantially exceeds projections by Bangladesh Bank, which initially intends to only grant two or three licences
Evergrande Files for Bankruptcy Protection in New York Court
20/08/2023
The Chapter 15 filing is intended to protect Evergrandes US assets while it works to secure approval from creditors for an offshore debt restructuring plan.
Fintech / Regtech
BSP Unveils Timeline for New International Transaction Reporting System
18/08/2023
A soft launch of the new data collection system will be in January 2024. Full implementation is set for April 2024.
Fintech / Regtech
ASX Issues Response Plan to Ensure Delivery of CHESS Replacement
18/08/2023
ASX confirms its intention to have implemented all 45 recommendations from an external review by June 2024.
AML / KYC
Bangladesh’s Sonali Bank Freezes Accounts of Myanmar State Banks
18/08/2023
The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.
AML / KYC
Taiwan Sentences Corrupt Official to 8 Years in Prison
18/08/2023
The official committed property fraud, document forgery, money laundering, and accepted bribes in the form of cash, banquets and sexual entertainment.
Securities / Derivatives
China Asks Funds to Avoid Being Net Equity Sellers – Report
18/08/2023
Stock exchanges reportedly told some investment funds to refrain for a day from selling more onshore shares than they purchased.
Sanctions
OFAC Highlights US-Origin Goods in Latest Sanctions Settlement
18/08/2023
Employees at a UAE subsidiary of a US firm falsified documents in an attempt to disguise the transactions involving the re-export of US-origin goods to Iran.
Capital / Liquidity
HKMA, AFRC Sign MoU to Strengthen Cooperative Arrangements
17/08/2023
Collaboration will strengthen through case referrals, mutual assistance, capacity building and exchange of information.
Securities / Derivatives
CSRC Solicits Industry Views on Developing Asset Management Sector
17/08/2023
The CSRC is asking securities firms, fund managers and futures companies about the challenges their asset management business face.
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