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.
Securities / Derivatives
SEBI Mandates Simplified Stock Market Access for Clients
21/06/2023
Brokers are mandated to offer clients access to all active stock exchanges they are registered with by default.
AML / KYC
Japan Introduces New Tax Rules for Token Issuers
20/06/2023
The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.
Enforcement
Canada Sanctions Iranian Judges Citing Human Rights Violations
19/06/2023
Canada says Iran’s Revolutionary Courts are “notorious for issuing death sentences and harsh prison terms following sham trials and based on evidence gathered under torture”.
Enforcement
UK FCA Imposes Restrictions on Odey Asset Management
19/06/2023
The restrictions are intended to facilitate an orderly breakup of Odey Asset Management, after its founder was accused of sexual misconduct.
Capital / Liquidity
BNM Seeks Feedback on Impaired Loans Disposal Rules
19/06/2023
The exposure draft sets out new requirements and guidance for sellers and buyers of impaired loans/financing.
Market Infrastructure
EU Proposes New Rules to Address Cum-Ex Tax Dodge Schemes
19/06/2023
The proposals aim to make withholding tax procedures more efficient and secure for investors, banks and tax authorities.
Enforcement
UK MPs Demand Re-examination of LIBOR Rigging Convictions
18/06/2023
UK MPs say crucial evidence was withheld from the LIBOR manipulation inquiry and that the UK is now alone in treating the actions of the traders involved as criminal.
Australia Calls for Improved Transparency on Remittance Costs
18/06/2023
A coalition of companies has called on the government to require banks to disclose all the costs of international money transfers upfront.
Crypto / Digital Assets
Crypto Lender Abra Faces Regulatory Action in Texas
17/06/2023
The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.
Enforcement
HK Customs Arrests 23 Men for Money Laundering via Air Travel
16/06/2023
HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.
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