Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
AML / KYC
Taiwan FSC Identifies Crypto ATMs Breaching AML Rules
28/01/2022
Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.
ESG / Sustainability
BSP Implementing “RING” Approach to Protect Financial System
27/01/2022
“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno
Market Infrastructure
Malaysia, Indonesia Launch Cross-border QR Payments Linkage
27/01/2022
The linkage will eventually be expanded to support real-time cross-border fund transfers. The 2nd phase of Malaysia’s QR payment linkage with Thailand has also gone live.
AML / KYC
HK ICAC Charges Three Ex-StanChart Employees For Fraud
27/01/2022
The former relationship managers were among five individuals indicted for conspiring to deceive Japanese investors with false documents.
Fintech / Regtech
Bank of Korea to Advance CBDC Testing to Second Phase
26/01/2022
In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
Securities / Derivatives
Global Banks Seeking Clarity on China’s Overseas IPO Rules – Report
26/01/2022
An industry body has reportedly represented to the CSRC that global banks need more clarity on its new rules for domestic companies seeking overseas IPOs.
Securities / Derivatives
New Zealand FMA Approves First Passport Fund Under ARFP
26/01/2022
NZX-owned Smartshares Limited has become the first fund manager to be approved under the Asia Region Funds Passport scheme.
Fintech / Regtech
BIS Innovation Hub to Expand Work Programme in 2022
25/01/2022
The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.
AML / KYC
FinCEN to Allow FIs to Share SARs with Foreign Affiliates
25/01/2022
A limited-duration pilot programme would permit FIs to share SARs and information related to SARs with foreign branches, subsidiaries, and affiliates.
Securities / Derivatives
SGX Lists First Two SPACs Under New Framework
24/01/2022
Vertex Technology Acquisition Corp and Pegasus Asia listed last week. A third SPAC, filed by Novo Tellus Alpha Acquisition, will debut on Thursday.
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