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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    Fintech / Regtech

    Australia Passes Identity Verification Bill to Boost Privacy and Security

    08/12/2023

    The new legislation will require identity verification services to adhere to privacy and security standards and report breaches to the OAIC.

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    Fintech / Regtech

    Australian Treasury Releases New Enterprise Data Strategy

    07/12/2023

    The strategy outlines four key themes and actions to leverage data for timely, informed and influential policy advice.

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    Securities / Derivatives

    Philippines: Trust Entities Allows to Access Primary Market for BSP Securities

    01/12/2023

    Trust entities have so far only been able to trade BSP securities in the secondary market. The change will help expand the investor base and market liquidity.

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    Big Picture

    OECD Issues Policy Paper on Open Finance Data Sharing

    28/11/2023

    The new paper analyses the potential impacts of data sharing frameworks in the financial sector and provides recommendations for their implementation.

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    AML / KYC

    Taiwan Banks Blocked TWD 5.5 billion in Fraud in 2023

    28/11/2023

    CTBC Bank, Cathay United Bank and Chunghwa Post each blocked more than 1,100 fraud attempts from Q1 to Q3.

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    Enforcement

    Chinese Police Launch Criminal Probe into Zhongzhi Group

    27/11/2023

    The announcement came just days after Zhongzhi, one of the largest conglomerates in China’s shadow finance sector, said it was insolvent.

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    Enforcement

    HK AFRC Bans Auditor for Life, Imposes HK$300,000 Fine

    27/11/2023

    A CPA has been penalised for falsely signing off 11 audit reports and providing misleading information to the HKICPA.

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    Crypto / Digital Assets

    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.

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    Crypto / Digital Assets

    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.

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    Fintech / Regtech

    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”.

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