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
Big Picture
FSB Proposes Policy Measures to Address EM Vulnerabilities
26/04/2022
The proposals seek to reduce vulnerabilities from foreign currency borrowing, including by exploring ways to reduce the “mechanistic use of credit ratings” by index providers.
AML / KYC
AMLC Philippines Launches Review of Sanctions Screening Practices
26/04/2022
The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.
Capital / Liquidity
PBOC Lowers Forex Reserve Requirement for Banks
26/04/2022
The move is aimed at slowing the depreciation of the yuan, which has recently fallen to a one-year low against the dollar.
Fintech / Regtech
BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges
26/04/2022
Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.
Enforcement
MAS Penalises Two CIMB Securities Brokers for False Trading
26/04/2022
The two brokers rigged the market for Kris Wiluan, who was convicted and fined in May 2021 for manipulating the stock prices of KS Energy where he was CEO.
AML / KYC
Australia Sanctions More Russian Lawmakers, US Blocks Port Access
26/04/2022
Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.
AML / KYC
FCA Directs Challenger Banks to Bolster FCC Controls
26/04/2022
The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.
AML / KYC
Philippine Banks Directed to Monitor Gaming-related Transactions
25/04/2022
FIs are asked to bolster their CDD and file reports when suspicious transactions are observed involving play-to-earn games such as the recently-hacked Axie Infinity.
AML / KYC
Chinese Payments Firms Take Steps to Stop Online Fraud
25/04/2022
Alipay removed more than 170,000 accounts linked to illegal activity, just days after the government issued guidance on combatting internet fraud.
AML / KYC
FSS Korea Launches Probe Over Shinhan Card Frauds
25/04/2022
Shinhan Card is directed to enhance its card issuance and fraud prevention systems, and compensate customers for losses.
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