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
FinCEN Warns of Sanctions Evasion in Commercial Real Estate
29/01/2023
New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.
Securities / Derivatives
Korea FSC Unveils New Risk Rating System for Investment Products
29/01/2023
Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.
Crypto / Digital Assets
FBI Confirms DPRK Hackers Behind $100m Horizon Bridge Crypto Theft
29/01/2023
The FBI was able to freeze a portion of the stolen funds, in coordination with some virtual asset service providers.
Laos Closes All Non-State Currency Exchange Channels
29/01/2023
Currency exchange transactions in Laos can now only be done through state-run banks. The move has resulted in nationwide business disruptions.
Enforcement
Korea FSC Issues Guidelines on Employee Personal Trading
29/01/2023
Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using “borrowed” accounts for personal trading.
Securities / Derivatives
US SEC to Prohibit Conflicts of Interest in Securitisation Transactions
27/01/2023
The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.
AML / KYC
German Prosecutors Search BNP Paribas Offices in Cum-Ex Probe
27/01/2023
The investigation also involves searches of private residences, focusing on 58 suspects who were or are professionally active for the bank.
AML / KYC
Ex-FBI Agent Charged for Money Laundering, Sanctions Violations
27/01/2023
The former FBI agent conspired with a former Russian diplomat to help Oleg Deripaska have his sanctions removed.
Enforcement
RBNZ Concludes Work to Enhance Enforcement Framework
27/01/2023
The framework consists of three documents setting set how the RBNZ selects matters for investigation, conducts investigations, and takes enforcement decisions.
Enforcement
Morgan Stanley Fines Staff Over Use of Messaging Platforms
27/01/2023
The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
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