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
Fraud, Scams & Cybercrime
US Judge Revokes Bankman-Fried Bail for Witness Tampering
13/08/2023
Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.
Payments & Settlements
RBI Announces Planned Upgrades to UPI System
13/08/2023
One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.
Anti-Money Laundering
RUSI Publishes Virtual Assets Risk Assessment Guide
12/08/2023
The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.
KYC & CDD
Bangladesh Banks Directed to Simplify Account Opening for NRBs
12/08/2023
Banks are directed to launch digital systems to enable non-resident Bangladeshis to open accounts and invest in the country from overseas.
Anti-Bribery & Corruption
US, UK, Canada Sanction Former Governor of Lebanon Central Bank
11/08/2023
The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.
Liquidity Risk
Sri Lanka Frees Up $620m in Liquidity Through SRR Cut
11/08/2023
The CBSL cut the SRR from four percent to two percent to free up liquidity and support an expansion of credit flows to the economy.
Cryptocurrency
US SEC to Settle Case Against Crypto Firm Bittrex for $24m
11/08/2023
Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.
Structural Regulation
New Zealand Set to Unveil Regulatory Framework for BNPL
11/08/2023
BNPL lenders will have to complete comprehensive credit reporting when customers sign up or increase their credit limit.
Data Privacy
China Proposes to Tighten Rules on Use of Facial Recognition Tech
11/08/2023
The draft rules prohibit the misuse of facial recognition technology by entities and in public spaces including banks.
Structural Regulation
SEBI Streamlines Approval Process for Change in Control of Merchant Bankers
10/08/2023
SEBI has streamlined the procedure of obtaining prior approval for a proposed change in control of merchant bankers and bankers to an issue.
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