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
Credit Risk
Major China Developer Country Garden Effectively in Default
20/10/2023
Country Garden was due to make a USD 15.4 million coupon repayment this week, but failed to do so, according to reports.
AI Risk & Governance
China Unveils Global AI Governance Initiative at Belt and Road Forum
20/10/2023
The initiative emphasises equal rights for all countries and regions in the development and governance of AI technologies.
Anti-Money Laundering
FATF to Scrutinise India’s Use of NGO Laws Amid Allegations of Misuse
20/10/2023
FATF officials are expected to visit India in November to identify whether India is using its laws to suppress NPOs and civil society groups.
Conduct, Culture & Accountability
MAS Bans Former AXA and Aviva Financial Advisers
20/10/2023
The former advisers were banned for allowing unlicensed individuals to perform financial advisory services on their behalf.
Operational Risk
MAS Instructs DBS, Citi to Investigate Delayed Recovery from Outage
19/10/2023
The banks took longer than the required four hours to recover from last Saturday’s outage. MAS said it will take appropriate supervisory actions after gathering the necessary facts.
Anti-Money Laundering
FinCEN to Require FIs to Report Transactions Involving Crypto Mixers
19/10/2023
FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.
Fraud, Scams & Cybercrime
Singapore Prosecutors Establish Technology and Crypto Crime Task Forces
19/10/2023
Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.
Cloud & Infrastructure
MAS to Cooperate with Saudi Central Bank on Fintech
19/10/2023
MAS and SAMA will enable cooperation between their innovation departments and share information regarding fintech.
Trading & Investment
SSE to Transition All Bond Bookbuilding to Centralised System
18/10/2023
The Shanghai exchange said bond issuers can use the centralised system voluntarily until 31 December, then it will become mandatory.
PEPs & Sanctions
OFAC Sanctions Hamas Operatives, Financial Facilitators
18/10/2023
OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.
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