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
NAB Blocks Payments to “High-risk” Cryptocurrency Platforms
18/07/2023
NAB will initially block “several” cryptocurrency exchanges that it has concerns with, but this could be expanded further in future.
Enforcement
Singapore Imposes Record 19-Year Jail Term on Former Lawyer
18/07/2023
The case involves the misappropriation of S$76mn in clients’ funds over three years by the former lawyer, previously the managing partner of JLC Advisors LLP.
Philippines: Bill to Establish Sovereign Wealth Fund Becomes Law
18/07/2023
The Maharlika Investment Fund still faces criticism amid expectations that it will propel economic growth and help attract foreign investors.
Securities / Derivatives
China’s AMAC Revises Rules for Private Equity Asset Management Plans
18/07/2023
The measures aim to refocus the private equity industry’s attention back to its core operations, minimise potential conflicts of interest, and facilitate the growth of the industry.
Fintech / Regtech
US SEC Working on Rule Proposals to Mitigate Risks from AI
18/07/2023
SEC chairman Gary Gensler said AI could heighten financial fragility and promote herding behaviour among investors.
Uncategorised
Industry Working Group Opens Consultation on IVMS101 Enhancements
18/07/2023
The working group was formed in April and has met five times since to consider and approve revisions to the IVMS101 standard.
Fintech / Regtech
UNSC Hosts First-Ever Session on Artificial Intelligence
18/07/2023
UK Foreign Secretary James Cleverly called for urgent international cooperation in shaping the governance of AI.
AML / KYC
US Lawmakers Examine Criticism of FinCEN Beneficial Ownership Rule
18/07/2023
Witnesses criticised FinCEN for introducing overly complex rules and failing to account for the reporting burden on small businesses.
Enforcement
Australia: Big 4 Accused of Operating ‘Beyond the Law’
18/07/2023
Former KPMG partner Brendan Lyon called for changes in how the accounting profession is regulated to restore public trust and ensure integrity in financial reporting.
Enforcement
CSRC Fines GF Securities for Poor Due Diligence in Stock Sale
18/07/2023
GF Securities received an advance notice of administrative penalties from the CSRC connected to a 2018 share issuance by Misho Ecology & Landscape.
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