Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
Japan to Freeze More Russian Assets, Block More Exports
08/03/2022
Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.
Market Infrastructure
China to Establish Financial Stability Fund to Defuse Risk
08/03/2022
Premier Li Keqiang said at the NPC’s annual meeting that the government will also adopt measures to keep housing prices stable and strengthen financial regulation.
AML / KYC
S. Korea Imposes Additional Sanctions Against Russia
08/03/2022
The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.
AML / KYC
IMDA Starts Onboarding Banks to New SMS SenderID Registry
08/03/2022
IMDA has begun onboarding banks and other organisations on the new system, which will prevent spoofed SMS text messages from being sent upfront.
HKMA Seeks to Reassure Bankers Over Covid Restrictions
07/03/2022
Concerns are mounting over closed schools and bars, banned flights, and a plan to launch a mass testing programme that may be coupled with a citywide lockdown.
AML / KYC
Bangladesh to Investigate Allegations in Panama, Paradise Papers
07/03/2022
A committee has been formed to investigate the money laundering allegations against Bangladeshi nationals named in the Panama Papers and Paradise Papers.
Securities / Derivatives
SEBI Extends Timeline for Brokers to Segregate Client Collateral
07/03/2022
The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.
Securities / Derivatives
SFC Directs Licensed Corporations to Plan for Contingencies
07/03/2022
The SFC expresses concern that some licensed firms may not have plans in place to deal with financial distress or the sudden unavailability of key staff.
Enforcement
SMBC Nikko Employees Arrested in Manipulation Probe
07/03/2022
Two Japanese and two foreign nationals were arrested for allegedly manipulating at least five stocks when handling block orders for clients.
FSC Korea Amends Rules to Promote Overseas Expansion of FIs
06/03/2022
The FSC has eased reporting requirements for Korean financial institutions engaged in operations and investment activities overseas.
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