Mark Johnston
Based in Singapore, Mark is an experienced journalist and editor with over a decade of experience reporting on technology and business trends throughout Asia. Mark got his start as an engineer, graduating from the UK's Queen's University of Belfast with a Master's degree in Electrical and Electronic Engineering. As senior reporter for Regulation Asia, Mark focuses on regulatory changes impacting financial markets, with particular interest in fintech, cybersecurity and crypto markets.
Articles by Mark Johnston
Enforcement
Chinese Police Launch Criminal Probe into Zhongzhi Group
27/11/2023
The announcement came just days after Zhongzhi, one of the largest conglomerates in China’s shadow finance sector, said it was insolvent.
Enforcement
HK AFRC Bans Auditor for Life, Imposes HK$300,000 Fine
27/11/2023
A CPA has been penalised for falsely signing off 11 audit reports and providing misleading information to the HKICPA.
Crypto / Digital Assets
EBA Consults on Travel Rule Guidelines for Funds and Crypto Transfers
27/11/2023
The EBA plans new guidelines to prevent the misuse of funds and crypto-assets transfers for illicit purposes, aligning with FATF standards.
Crypto / Digital Assets
Montenegro Court Approves Extradition of Terra Founder
27/11/2023
The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.
Fintech / Regtech
RBA to Lower Regulatory Burden for Small Securities Settlement Facilities
26/11/2023
The proposal aims to accommodate the “probable emergence of new, technologically innovative securities settlement facilities”.
Crypto / Digital Assets
UK Funds Can Start Tokenising Funds, FCA Confirms
25/11/2023
In this initial stage, FCA authorised funds can implement tokenisation using a “baseline approach”, provided they meet certain characteristics.
Fintech / Regtech
UK FCA Seeks Input on Big Tech’s Data Advantage in Finance
25/11/2023
The FCA invites responses from national and international competition authorities and regulators, as well as Big Tech firms, financial services firms, consumer groups, and academics.
Enforcement
Binance Founder Allowed to Return to UAE Until Sentencing
24/11/2023
The DOJ has appealed the decision to allow Changpeng Zhao to leave the US until sentencing on 23 February 2024.
Enforcement
Australian Court Orders Mercer Advice Unit to Pay A$12m Penalty
23/11/2023
Mercer Financial Advice was fined for failing to provide compliant fee disclosure statements and charging fees for services never rendered.
Myanmar Tightens Restrictions on Cash Withdrawals from Banks
23/11/2023
Customers are told they need to show strong evidence of need to make large withdrawals.
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