Mark Johnston

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    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

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    Securities / Derivatives

    SFC Issues Guidance on Offering Hong Kong Funds in UAE

    11/04/2024

    The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

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    Enforcement

    Mossack Fonseca Trial Commences in Panama Over 2016 Document Leak

    10/04/2024

    The founders and other former representatives, lawyers and ex-employees of Mossack Fonseca face money laundering charges for a corruption scheme in Brazil.

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    Fintech / Regtech

    FSS Korea Launches New Registration System for Investment Firms

    02/04/2024

    The new system will streamline the registration process for prospective financial investment businesses and eliminate the need for physical documents.

    Fintech / Regtech

    Korea Launches “Financial Sector AI Council” to Drive GenAI Adoption

    01/04/2024

    The ‘Financial Sector AI Council’ will serve as a platform to promote the safe use of GenAI in the finance industry, while addressing regulatory challenges.

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    Korea Unveils Several New Initiatives to Finance Businesses

    30/03/2024

    The new financial support measures are aimed at supporting SMEs, vulnerable businesses, regional revitalisation projects, and technology firms.

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    Crypto / Digital Assets

    Taiwan Approves Establishment of Local Crypto Industry Association

    29/03/2024

    The association will be responsible for formulating industry norms, advocating compliant operations, and improving industry self-discipline.

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    AML / KYC

    FATF Re-rates Australia on Six Recommendations

    29/03/2024

    Australia was upgraded on five recommendations and downgraded on R.15 due to the limited scope of its regulatory regime for VASPs.

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    ESG / Sustainability

    S. Korea: Banks, Insurers to Conduct Climate Stress Tests in H2

    28/03/2024

    The BOK and FSS will create climate scenarios in H1 which 15 financial firms will have to use in stress tests in H2.

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    Enforcement

    PwC Faces Scrutiny Over Evergrande’s Fraudulent Accounting

    26/03/2024

    Insolvency practitioners say Evergrande liquidators in Hong Kong could pursue PwC for compensation as part of their efforts to recover assets for creditors.

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    Enforcement

    ASIC Bans Director for Operating Unlicensed Crypto Fund Dishonestly

    26/03/2024

    ASIC found, among other things, that Brian Creigh used investor money to invest in an overseas investment scam. costing them A$7.7mn.

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