Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

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    Market Infrastructure

    Cuban Banks Have Adopted Russia’s Mir Card Scheme

    14/03/2023

    ATMs now display the logo of the Mir payment system and provide an option to withdraw funds in Cuban pesos from cards issued by Russian banks.

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    Crypto / Digital Assets

    NAB Completes First Cross-border Stablecoin Transaction

    14/03/2023

    NAB expects to be supporting select corporate and institutional clients to transact using digital assets by the end of 2023.

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    ESG / Sustainability

    Record Number of FIs Seeking Environmental Disclosures Via CDP

    14/03/2023

    CDP’s annual disclosure request this year is on behalf of 746 FIs across 40 countries. Firms are asked to disclose on plastics for the first time.

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    Fintech / Regtech

    Chinese Bourses Look to Tech to Combat Fraud in Markets

    13/03/2023

    The SZSE has been testing technology from an analytics firm to detect fraud and vet listings, while the SSE is proposing the use of big data and AI.

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    Enforcement

    FSC Korea Uses Enhanced Penalties Regime for the First Time

    13/03/2023

    Two firms were fined a combined KRW 5.05 billion (USD 3.9 million) for naked short selling. The names of the firms were not released.

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    AML / KYC

    AUSTRAC Launches Specialist AML Unit for Gambling Sector

    13/03/2023

    AUSTRAC reportedly warned gambling industry officials it had “identified serious non-compliance in a number of businesses”.

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    Crypto / Digital Assets

    Korea to Creates Fund to Drive Metaverse Related Initiatives

    13/03/2023

    The government is inviting investment management companies to help operate the Metaverse Fund, offering special performance incentives.

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    AML / KYC

    FATF Finalises Revisions to Recommendation 24 Guidance

    13/03/2023

    The guidance will assist policymakers and practitioners to prevent bad actors from using shell companies for illicit activity.

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    AML / KYC

    Former Malaysian PM Muhyiddin Charged With Corruption

    13/03/2023

    Former prime minister Muhyiddin Yassin was charged with four counts of abuse of power and three counts of money laundering.

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    Enforcement

    Australian Court Fines ANZ Over Introducer Programme

    13/03/2023

    ANZ received sensitive information or documents about borrowers from unlicenced third parties through its introducer programme.

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