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
AML / KYC
BSP Mandates 24-Hour Reporting for Significant Risk Events
06/05/2024
New BSP rules require bank and non-bank FIs to report significant ML/TF/PF risk events within 24 hours.
Securities / Derivatives
CSRC Revises STAR Market Criteria to Boost R&D Investment
05/05/2024
The guidelines were revised to require STAR Market companies to have more R&D investment, more invention patents and a higher income growth rate.
Securities / Derivatives
Taiwan Unveils Measures to Enhance Regulatory System for ETFs
03/05/2024
The FSC will review ETF sales documents. SITCA will strengthen advertising reviews. Indices tracked by ETFs will have to be approved.
Enforcement
Canada’s FINTRAC Imposes AML Penalty on TD Bank
03/05/2024
The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.
AML / KYC
Taiwan FSC Calls for Enhanced Controls to Prevent Card Fraud
02/05/2024
FIs are asked to lower the notification threshold for online credit card transactions and to improve their OTP practices.
Enforcement
Sri Lanka Adopts Law to Enable Confiscation of Crime Proceeds
30/04/2024
Sri Lanka’s Cabinet approved a law that enables the tracing and confiscation of criminal proceeds, including to retrieve assets hidden overseas.
Enforcement
Law Enforcement Agencies to Boost Data Sharing: INTERPOL
29/04/2024
Delegates at INTERPOL’s Heads of NCBs conference identified initiatives to encourage greater operational sharing of criminal data.
Enforcement
Former Bank Manager Charged with Forgery in Malaysia
27/04/2024
The former customer relations manager used fraudulent documents to withdraw gold belonging to three female customers of Al-Rajhi Bank.
Big Picture
RBNZ Issues Response to Banking Competition Study
25/04/2024
The RBNZ disagrees with a Commerce Commission recommendation that the prudential capital settings for banks should be reviewed.
AML / KYC
FSA Launches AML Probe into Tokyo’s Kiraboshi Bank
25/04/2024
The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.
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