Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
Crypto Firms Launch Scam Reporting Platform: Chainabuse
22/05/2022
Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.
Securities / Derivatives
Shanghai Bourse Allows Pledging of Bond ETFs in Repo Trades
22/05/2022
The move is aimed at enhancing liquidity in bond ETF secondary markets by promoting greater participation by institutional investors.
CBIRC Proposes New Rules on Consumer Rights Protection
22/05/2022
The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and “algorithmic discrimination”.
AML / KYC
Fugitive Former Banker from Bangladesh Arrested in India
22/05/2022
PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.
AML / KYC
Australia: FSC Calls for Measures to Stop Online Scam Ads
22/05/2022
The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.
Enforcement
Korea: Shinhan Bank Discovers Embezzlement by Employee
22/05/2022
Days earlier a Woori Bank employee was arrested for embezzling KRW 61.4 billion between 2012 and 2018.
China to Centralise Efforts to Resolve Overdue Payments to SMEs
22/05/2022
The campaign aims to resolve arrear payments due to SMEs for projects, goods and services purchased by government agencies, state-owned institutions and large enterprises.
RBI Assesses Six Applicants Unsuitable for Banks Licensing
22/05/2022
RBI had received 11 applications to set up universal banks and small finance banks. The RBI (Reserve Bank of India) […]
Taiwan Mulls Additional Measures to Curb Property Lending
22/05/2022
The measures include shortening mortgage loan tenors from 30 to 20 years for corporate buyers and owners of multiple homes.
Market Infrastructure
New Visa Rules Will Not Hinder Access to Foreign Talent: Menon
21/05/2022
MAS managing director Ravi Menon addressed concerns that a revised scoring system for employment pass applicants could impede hiring by Singapore FIs.
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