Nithya Subramanian
Nithya Subramanian, a deputy editor at Regulation Asia, has wide experience covering the financial sector in India and Singapore. She has written extensively about wealth management, capital markets and insurance sectors tracking policy and corporate developments. Researching and writing about the South Asian diaspora settled in Singapore and the region is another area of interest. She has a post-graduate degree in English literature. Reach out to her at nithya@regulationasia.com
Articles by Nithya Subramanian
Fintech / Regtech
CFTC Issues Advisory on Use of AI by Regulated Entities
06/12/2024
The advisory is intended to remind market participants of their regulatory obligations as they begin to develop and implement AI.
Enforcement
DOJ Settles With McKinsey Over South Africa Bribery Scheme
06/12/2024
McKinsey will pay $122mn to resolve an investigation into bribes paid to South African officials to secure lucrative consulting contracts.
Fintech / Regtech
MAS Issues Information Paper on AI Model Risk Management
06/12/2024
The paper sets out good practices for managing risks associated with AI, including GenAI, based on a thematic review of banks’ practices.
Fintech / Regtech
MAS Extends Deadline to Cease Corporate Cheque Processing
05/12/2024
MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.
AML / KYC
US Federal Court Blocks FinCEN’s Beneficial Ownership Reporting Rule
05/12/2024
The ruling blocks enforcement of the Corporate Transparency Act, suspending the obligation for corporate entities to meet the 1 January 2025 filing deadline.
AML / KYC
Former EU Justice Commissioner Investigated for Money Laundering
05/12/2024
Belgian police searched the homes of Didier Reynders amid allegations of laundering funds through lottery ticket purchases.
ESG / Sustainability
MAS Issues Guidance for ESG Funds on Good Disclosure Practices
05/12/2024
The information paper aims to promote clear disclosures to help retail investors understand the key features and risks of ESG funds.
Securities / Derivatives
Mitsubishi Reports $90m Loss from Rogue Copper Trader at China Unit
04/12/2024
Mitsubishi Corp said that a Shanghai-based trader made unauthorised transactions with local businesses that defaulted on their payments.
Enforcement
Fugitive Singaporean Tycoon Nabbed After Absconding for 19 Years
04/12/2024
The tycoon and his wife were arrested in Malaysia after allegedly embezzling over $51mn and fleeing Singapore in 2005.
AML / KYC
Malaysia Proposes Stricter Laws to Target Harm from Online Content
04/12/2024
The proposed amendments aim to curb objectionable online content to curb scams, online gambling, bullying and pornography.
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