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
Fintech / Regtech
ASX Recovers from Worst Market Disruption in Four Years
23/12/2024
No trade settlements took place on Friday due to a “CHESS batch settlement delay”. Engineers had to work through the weekend to resolve the issue.
Sanctions
US Sanctions Four Entities for Supporting Pakistan Missile Programme
23/12/2024
The entities worked to supply equipment and missile‐applicable items to Pakistan’s ballistic missile programme
AML / KYC
Wolfsberg Group Issues Payment Transparency Roles & Responsibilities Guidance
23/12/2024
The guidance aims to help PSPs, regulators, and standard-setters understand their respective obligations in ensuring payment transparency.
Sanctions
China Responds to Canadian Sanctions with Countermeasures
23/12/2024
The measures target two institutions and 20 individuals, responding to Canadian sanctions against several Chinese officials.
Enforcement
Bank Indonesia Under Investigation by Anti Corruption Agency
23/12/2024
KPK searched several rooms at Bank Indonesia including the governor’s office. A search operation was also conducted at OJK.
AML / KYC
FMA Launches Legal Action Against InvestNow for Breaching AML Rules
22/12/2024
The FMA said it considers failures by retail investment platform InvestNow to be “significant and, in some respects, systemic.”
Fintech / Regtech
Australia Proposes to Mandate Cash Acceptance for Essential Items
22/12/2024
Australia’s Treasury proposes to require certain types of businesses to accept cash, with potential limits on the mandate such as transaction caps or time limits.
Enforcement
RBI Removes Business Restrictions on Two Edelweiss Group Firms
22/12/2024
The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns.
Market Infrastructure
Korea Advances Bill to Open Up Corporate Credit Rating Market
22/12/2024
The government approved a revision bill that will abolish a requirement for licensed corporate credit rating providers to be at least 50 percent owned by financial institutions.
Market Infrastructure
China Finalises New Regulations for Foreign Accounting Firms
22/12/2024
The regulations allow foreign accounting firms that need to conduct “temporary activities” in China to do so without establishing a representative office, subject to conditions.
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