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

    AML / KYC

    EU to Sanction Iran Over Drone Sales to Russia

    20/10/2022

    The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.

    Australia: Industry Body Launches BNPL Code Review

    19/10/2022

    The review was launched six months early in response to feedback from stakeholders. The findings are due to be reported by 1 March 2023.

    Korea Warns Against Direct FX Transactions Between Individuals

    19/10/2022

    Any foreign currency transactions worth more than KRW 5,000 has to be reported to the central bank, or face penalties for violating Korea’s foreign exchange laws.

    AML / KYC

    Philippines to Curb Scams by Requiring ID Registration for SIM Cards

    19/10/2022

    Telcos are required to collect customer ID information when selling SIM cards. The law is aimed at curbing the spread of spam text messages and scams.

    Fintech / Regtech

    India Launches Digital Banking Units to Advance Financial Inclusion

    19/10/2022

    The units were established by 24 banks to house digital infrastructure for the delivery of digital banking products and services in self-service and assisted mode.

    Securities / Derivatives

    Malaysia SC Signs Regional MMoU on Supervisory Cooperation

    19/10/2022

    Malaysia’s SC now has a cooperative arrangement on supervisory matters with regional counterparts in Australia, Hong Kong, Japan, Singapore and Thailand.

    Crypto / Digital Assets

    US Regulators Probe Failed Crypto Firm Three Arrows Capital

    19/10/2022

    The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.

    Market Infrastructure

    South Korea Scraps Foreigner Tax on Government Bond Income

    19/10/2022

    The government was planning to waive the tax for non-residents and foreign corporations in January but decided to bring the measure forward.

    Securities / Derivatives

    CBIRC Approves BNP-AgBank Wealth Management JV

    19/10/2022

    BNP’s asset management arm will own 51 percent stake in the venture while Agricultural Bank of China’s wealth management unit owns the rest.

    Fintech / Regtech

    Kakao Under Probe Over Unprecedented Service Disruption

    19/10/2022

    A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.

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