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
Enforcement
New York: Former SPAC CFO Pleads Guilty to Fraud Charges
05/01/2023
The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.
ESG / Sustainability
Taiwan: TDCC Adds Moody’s ESG Assessments to ESG IR Platform
05/01/2023
The ESG IR platform provides free ESG information from domestic and foreign data providers for retail investors, institutional investors and issuers.
AML / KYC
Philippines Launches Cyber Safety Campaign for Financial Customers
05/01/2023
The BSP and banking industry associations launched a new campaign to improve to cyber hygiene among financial customers.
ESG / Sustainability
ASIC Fines Another Listed Energy Firm for Alleged Greenwashing
05/01/2023
ASIC says Black Mountain Energy made misleading statements in three ASX announcements regarding a natural gas development project.
Crypto / Digital Assets
Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack
05/01/2023
BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.
AML / KYC
NYDFS Ends Coinbase AML Probe With $100m Settlement
05/01/2023
The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.
Enforcement
FSC Korea Reorganises Capital Market Fraud Investigation Unit
05/01/2023
The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.
Fintech / Regtech
CBIRC Approves Capital Raise by Ant’s Consumer Finance Unit
05/01/2023
The approval is being hailed as a “milestone” after Chinese regulators forced Ant Group to cancel its IPO in November 2020 and ordered it to restructure.
Sanctions
OFAC Issues Initial Price Cap Guidance for Russian Petroleum Products
05/01/2023
The new price cap on petroleum products is due to take effect on 5 February 2023, alongside an EU ban on seaborne imports of refined products originating from Russia.
Crypto / Digital Assets
Russia’s Sberbank Issues Gold-Backed Digital Financial Assets
04/01/2023
Gold-backed DFAs “may be a great alternative to investments amid de-dollarisation”, said Sber’s first deputy chairman, Alexander Vedyakhin.
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