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
AML / KYC
State Bank of Vietnam Tightens Grip on Account Fraud – Report
11/09/2024
Financial institutions are now required to provide monthly updates on accounts showing signs of fraud or other legal violations.
Enforcement
US SEC Fines 9 Investment Advisors for Marketing Rule Violations
10/09/2024
The SEC imposed fines totalling $1.24mn after it found that nine firms issued advertisements with false or unsubstantiated claims.
Crypto / Digital Assets
Indonesia’s OJK is Preparing New Tax Rules for Crypto – Report
10/09/2024
The new tax regulations are part of a transition of crypto supervision in Indonesia from Bappebti to OJK, expected by early 2025.
AML / KYC
US Celebrities Received 1MDB Funds Worth $2.43m – Reports
10/09/2024
A Malaysian court heard that fugitive Jho Low transferred 1MDB money to Kim Kardashian and Pharrell Williams but the reasons are unknown.
Crypto / Digital Assets
Thai SEC Amends Rules on Use of Digital Assets in Payments
10/09/2024
The regulatory changes allow digital asset business operators to participate in the central bank’s Programmable Payment Sandbox.
ESG / Sustainability
Bursa Malaysia, MyDIGITAL to Drive ESG via Digital Solutions
10/09/2024
The collaboration will support companies in leveraging digitalisation to improve operational efficiency and overall sustainability performance.
Enforcement
US SEC Charges 10 Firms for Breaking Whistleblower Protection Rule
10/09/2024
A broker-dealer, two investment advisers, and seven public companies used signed agreements to impede the reporting of misconduct to the SEC.
Crypto / Digital Assets
MAS Grants In-principle Digital Assets Licence to JST Digital
09/09/2024
JST Digital was launched in New Jersey in 2018, registered with FinCEN in 2022, and is now on a path to a Singapore licence.
Enforcement
Singapore Arrests 14 for Offering Unlicensed Payment Services in Casinos
09/09/2024
Police seized over SGD 190,000 in casino chips and cash during a multi-agency enforcement operation at the Marina Bay Sands Casino.
Enforcement
Singapore Charges 6 for Illegal Cross-Border Money Transfers
09/09/2024
The individuals provided unlicensed cross-border money transfer services to China, Myanmar, Bangladesh, Indonesia, and Sri Lanka.
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