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
PEPs & Sanctions
OFAC Penalises Indian Tobacco-maker for Sanctions Violations
06/03/2023
Godfrey Phillips India exported tobacco to North Korea through a Thai intermediary, saying they were going to China. Hong Kong intermediaries were used to make the payments.
Structural Regulation
Singapore Amends Thresholds for Gaining PR Status Under GIP
06/03/2023
Applicants will have to invest at least S$10mn in a business or S$25mn in a GIP-select fund, compared to $2.5mn currently.
Anti-Money Laundering
MAS Calls for Stronger AML/CFT Controls in Wealth Management
06/03/2023
Circular sets out expectations for FIs to review their existing controls to ensure they remain adequate to mitigate ML/TF risks in wealth management.
Structural Regulation
Korea: New Task Force Plans Measures to Improve Banking Sector
06/03/2023
Regulators are considering allowing shareholders to vote on executive compensation, introducing clawback provisions, and granting new bank approvals, among other measures.
Market Abuse
SEBI Bars Former Chief Dealer of Axis Mutual Fund and Others
05/03/2023
The former chief trader of Axis Mutual Fund is alleged to have conceived of a “fraudulent scheme” with other “unscrupulous entities” to front-run trades.
Structural Regulation
Australia Proposes Rules to Support New Foreign Ownership Register
05/03/2023
Proposed amendments prescribe the circumstances in which foreign investors must report certain interests and information for inclusion in the new Register.
Conduct, Culture & Accountability
BNM Proposes Fair Treatment Rules for Vulnerable Consumers
05/03/2023
BNM proposes to amend its Fair Treatment of Financial Consumers policy document to cover specific requirements on the treatment of vulnerable consumers.
Market Abuse
SFC Bans Ex-Convoy Licensee Over Stock Manipulation Scheme
05/03/2023
A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.
Anti-Bribery & Corruption
US Authorities Fine Ericsson $200m for Breaching 2019 DPA
04/03/2023
Ericsson breached a 2019 deferred prosecution agreement intended to resolve a probe into 17 years of alleged corruption in Djibouti, China, Vietnam, Indonesia, and Kuwait.
Anti-Bribery & Corruption
China Charges Ex-President of China Merchant Bank for Corruption
04/03/2023
Tian Huiyu, who built China Merchants Bank into the nation’s top retail bank, faces charges related to abuse of power, insider trading, and leaking internal information.
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