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
1MDB: Ex-Goldman Banker Sentenced to 10 Years in Prison
10/03/2023
Prosecutors had sought a 15 year sentence for Roger Ng, saying he was a central player in the “brazen and audacious scheme” to steal billions of dollars from 1MDB.
Securities / Derivatives
Credit Suisse Approved to Launch China Wealth Management Business
10/03/2023
Credit Suisse has received investment consultancy and proprietary trading licences, and an expansion of its brokerage licence.
AML / KYC
REPO Task Force Has Immobilised $58b of Russian Assets
10/03/2023
The REPO Task Force has released a statement and a joint global advisory to help the private sector spot and prevent sanctions evasion.
AML / KYC
Indian Crypto Businesses Now Subject to AML Laws
10/03/2023
Indian crypto firms are now formally required to perform KYC due diligence, verify client identities, monitor transactions, and report suspicious activities.
Crypto / Digital Assets
Swift Concludes 12 Weeks of Tests on CBDC Interlinking Solution
10/03/2023
Nine banks and three central banks participated in testing Swift’s API-based CBDC connector across two blockchain networks and fiat-based payment systems.
Securities / Derivatives
SFC Fines City International Futures for AML Compliance Failures
10/03/2023
City International Futures is the 6th firm to be fined over the use of software that allows Mainland investors to trade without opening a local securities account in Hong Kong.
Fintech / Regtech
IOSCO to Develop Capacity Building Tool for Emerging Markets
09/03/2023
The so-called “MASI” tool will assist in self-assessments against the IOSCO core principles and facilitate comparisons against more developed regulatory frameworks.
Enforcement
HK Issues Record Fine Against Unlicensed Money Service Business
09/03/2023
A Hong Kong money changer and two directors were fined for operating a money service business before their licence application was approved.
Crypto / Digital Assets
Crypto Focused Bank Silvergate to Enter Into Liquidation
09/03/2023
Silvergate has served as one of the main banks for crypto companies. The wind down and liquidation plan includes full repayment of all deposits.
Crypto / Digital Assets
NYAG Files Lawsuit Against Crypto Platform KuCoin
09/03/2023
In a first by a US authority, the lawsuit claims that Ether is a security, meaning KuCoin was required to register as a securities broker or dealer.
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