Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
AML / KYC
Singapore Unveils Planned Measures to Strengthen AML Regime
04/10/2023
The government will set up an inter-ministerial committee to review the AML regime and consider tightening rules for luxury goods, family offices and immigration.
Crypto / Digital Assets
HK, Macau Police Make Four New Arrests in JPEX Case
03/10/2023
Two Hong Kong residents were arrested in Macau and two more in Hong Kong. One was found with documents that were shredded and bleached.
Crypto / Digital Assets
Coinbase, Sygnum, GSR Win New Approvals in Singapore
03/10/2023
Coinbase and Sygnum Singapore obtained full Major Payment Institution licences. GSR Markets Pte Ltd received in-principle approval.
Sanctions
Singapore Court Rules Against JPMorgan in Trade Sanctions Lawsuit
02/10/2023
The Court of Appeal ruled that JPMorgan’s use of a sanctions clause to withhold payment on letters of credit was not contractually justified.
PwC Publishes Review of Tax Leak Scandal, Plans for Change
01/10/2023
PwC Australia CEO Kevin Burrowes pledged to adopt all 23 recommendations from an external review of its corporate governance failures.
Securities / Derivatives
FIA Issues Recommendations for Strengthening Cyber Resilience
29/09/2023
The recommendations were developed based on input from a taskforce formed by FIA in March, in response to a ransomware attack against ION Markets.
Market Infrastructure
Hong Kong Preparing to Launch A50 Options, T-Bond Futures
29/09/2023
Speaking at ISDA’s Derivatives Trading Forum, the SFC’s Ricco Leung said Mainland regulators support the launch of an A50 options contract in Hong Kong.
Market Infrastructure
Korea to Open Access to Interbank FX Market Next Month
28/09/2023
Foreign financial institutions without a branch in Korea will be able to trade in the domestic FX market through local forex brokers.
Market Infrastructure
SEBI Considers NSE Proposal to Add Night Session for Equity Derivatives
28/09/2023
NSE is seeking to first extend its trading hours for index futures and options, followed by single stock options and other products in later phases.
Crypto / Digital Assets
Taiwan Issues New Regulatory Guidelines for Crypto Sector
27/09/2023
Overseas crypto platforms are not allowed to solicit business within Taiwan or from Taiwanese citizens unless they register locally and comply with local AML laws.
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