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.
Fintech / Regtech
Artificial Intelligence Act Passed by European Parliament
15/03/2024
Members of Parliament voted to adopt the final text of the EU AI Act, which will seek to promote AI innovation while also defending against risks.
Enforcement
Global Leaders Announce International Pact to Combat Fraud
14/03/2024
The new international agreement includes the G7 and Five Eyes nations, along with Singapore and South Korea.
Fintech / Regtech
JPX Launches AI Service for TSE Company Insights
13/03/2024
JPX has unveiled a new AI service that can provide more detailed insights into Tokyo Stock Exchange listings.
Crypto / Digital Assets
Nigeria Detains Binance Execs After Inviting Them for Dialogue
13/03/2024
Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.
Enforcement
Montenegro Approves Extradition of Do Kwon to South Korea
11/03/2024
Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.
AML / KYC
UK Launches Action Plan to Combat Money Muling
10/03/2024
The UK government has announced a 22-point action plan to disrupt money mule activity and support exploited victims.
Market Infrastructure
Final Rules, Guidance Issued for Australia’s New Accountability Regime
08/03/2024
The Minister Rules, Regulator Rules, Transitional Rules, ADI key functions descriptions, and reporting form instructions have been finalised.
Enforcement
Thailand SEC Penalises 15 for Manipulating Stock Prices
08/03/2024
The individuals were collectively fined a total $1.82mn and prohibited from serving as directors or executives of any securities company for varying periods.
Korea to Revise Fee System for Early Repayment of Loans
05/03/2024
The changes will prohibit lenders from imposing early repayment fees that exceed the actual costs incurred by prepayment of loans.
Crypto / Digital Assets
Taiwan to Propose Draft Crypto BIll in September
05/03/2024
The bill aims to create comprehensive regulations for the crypto industry, improve investor protections, and address risks to the traditional financial system.
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