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
Anti-Money Laundering
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.
Fraud, Scams & Cybercrime
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.
Clearing & Post-Trade
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”.
Tokenisation
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.
Data Privacy
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.
Anti-Money Laundering
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.
Supervision & 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.
Anti-Money Laundering
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.
Anti-Money Laundering
Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks
23/11/2023
Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.
Payments & Settlements
China Promotes Digital Services for Capital Account Business
23/11/2023
The PBOC and SAFE asked banks to provide digital services for capital account foreign exchange and cross-border RMB business.
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