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
Sanctions
US Sanctions 14 Entities, 21 ‘Shadow Fleet’ Vessels Used by Iran
04/12/2024
The vessels targeted mostly have Panama or Cook Islands flags. The entities targeted are based in China, India, Hong Kong, and six other countries.
Sanctions
OFAC Announces Magnitsky Sanctions Targeting Former Uzbekistan Officials
04/12/2024
The three former officials were involved in human trafficking and physical and sexual violence against children at a state-run orphanage.
AML / KYC
UK FCA Finalises Updates to Financial Crime Guide
04/12/2024
The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.
Market Infrastructure
US SEC Approves First ‘Around the Clock’ Stock Exchange
03/12/2024
The SEC will allow 24X National Exchange to start offering US daytime trading and later add overnight trading if certain requirements are met.
Crypto / Digital Assets
Permissionless Blockchains Can Enhance Traditional Financial Services
03/12/2024
European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.
Enforcement
SEC Settles ICBC Recordkeeping Charges from 2023 Cyber Incident
03/12/2024
ICBC failed to keep its books and records current for almost four months following the November 2023 ransomware attack. No penalty was imposed.
Enforcement
Former CEO Pleads Guilty to Violating US Export Controls
03/12/2024
The former CEO of a freight forwarding company made over 1,000 shipments to Chinese companies on the Entity List that were dealing with North Korea.
Fintech / Regtech
India: RBIH Wants Banks to Use AI to Detect Mule Accounts
03/12/2024
The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.
Sanctions
US Targets China Chip Production With New Export Controls
03/12/2024
The controls aim to further impair China’s ability to procure and produce technology for its military modernisation, WMD programmes, and ability to repress human rights.
Capital / Liquidity
HKMA Revises Guideline for Bank on Capital Adequacy Regime
03/12/2024
The revised SPM module incorporates changes to align with the Basel III final reforms which take effect from 1 January 2025.
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