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
Structural Regulation
Russia Suspends Tax Agreements with 38 Countries
11/08/2023
The double-taxation treaties are suspended in view of “unfriendly actions” of certain countries.
KYC & CDD
Korea to Reduce Document Burden of Account Opening
11/08/2023
Regulators will improve the ability of individuals and businesses to open bank accounts and ease the limits placed on transfers and withdrawals.
PEPs & Sanctions
UOB to Tighten Restrictions on Myanmar Business from 1 September
10/08/2023
UOB will restrict payments to and from Myanmar accounts, card transactions for Myanmar individuals and banks, and close Myanmar banks’ nostro accounts.
Operational Risk
APRA Finalises Methodology for Combining MySuper Performance Histories
10/08/2023
The methodology will apply in the MySuper performance test, for situations such as product mergers or closures where performance histories must be combined.
Anti-Money Laundering
UN Chief Calls for Global Tax Reform, Criticises OECD
09/08/2023
The UN Secretary-General calls for more UN involvement in setting and enforcing global tax standards.
Fraud, Scams & Cybercrime
Japan Warns of Surge in Phishing Attacks Targeting Internet Banking Users
09/08/2023
The FSA and NPA say the number of phishing cases reached 2,322 in the first half of 2023, the highest number ever.
Sustainable Finance
BlackRock Launches NZ$2b Fund to Support New Zealand Transition
09/08/2023
BlackRock has partnered with the New Zealand government to launch a NZD 2 billion climate infrastructure fund.
Fraud, Scams & Cybercrime
Indian Police Busts Crypto-Ponzi Scheme Worth Over $120m
09/08/2023
The scheme targeted individuals across various regions of India, encouraging them to invest in a fraudulent crypto token known as STA.
Anti-Money Laundering
Bangladesh Court Orders Probe into Conglomerate’s Offshore Investments
08/08/2023
The probe will investigate the owner of S Alam Group over an alleged $1bn in investments made offshore without central bank permission.
Trading & Investment
Chinese Mutual Funds Approach QDII Limits on Overseas Investment – Report
07/08/2023
Some of China’s largest mutual funds are approaching their QDII limits as seek to meet demand for higher-yielding assets overseas.
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