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
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.
Enforcement
Thai Police to Return $3.4m in Seized Assets to Crypto Fraud Victims
25/04/2024
The assets were confiscated from two gambling websites that were linked to a cryptocurrency fraud scheme; 23 suspects were arrested.
Enforcement
US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b
25/04/2024
The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.
Securities / Derivatives
China to Revise Securities Investment Fund Law – Report
25/04/2024
CSRC is working on revisions to China’s securities investment fund law to improve protections for investors and reduce capital market risks.
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