Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
Japan to Remove Quarterly Reporting Requirements
19/04/2022
Legislation will be introduced in 2023 to remove a requirement for listed companies to provide the government with audited quarterly financial statements.
Market Infrastructure
China to Unify Domestic Markets to Prevent Unfair Competition
19/04/2022
China will cultivate a unified national ecological and environment market and create unified carbon emissions and water rights trading markets.
AML / KYC
APAC Banks Need to Increase Vigilance to TBML Risks
19/04/2022
Panellists at a recent Regulation Asia webinar discussed the need for greater vigilance to TBML risks and how workflow enhancements can improve outcomes.
AML / KYC
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
19/04/2022
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
Enhancements to HK Personal Loan Guarantee Scheme Take Effect
19/04/2022
The maximum loan amount per borrower under the 100% Personal Loan Guarantee Scheme is increased. The maximum repayment period and principal moratorium arrangement are extended.
AML / KYC
CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape
18/04/2022
“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.
AML / KYC
NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case
18/04/2022
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.
AML / KYC
AIST Seeks Clarity on SoF, SoW Expectations for Super Funds
18/04/2022
AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.
Capital / Liquidity
UK Regulators Warn Banks Against ‘Gaming the Rules’
18/04/2022
The warning is reportedly directed at Barclays, the only UK lender that used its pension scheme for capital arbitrage transactions in recent years.
AML / KYC
HKMA Asks Banks to Help Reactivate Dormant Mainland Accounts
18/04/2022
Hong Kong customers are facing difficulties reactivating their Mainland accounts due to travel restrictions preventing them from visiting the banks’ branches in person.
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