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
Singapore Introduces New Anti-Money Laundering Bill
04/07/2024
The new Anti-Money Laundering and Other Matters Bill aims to make it easier to prosecute money laundering cases and tightens casino rules.
AML / KYC
Thai Regulators Ask Banks to “Strictly” Adhere to AML Law
03/07/2024
The Bank of Thailand and AMLO have asked financial institutions to follow enhanced due diligence procedures for both customers and their transactions.
AML / KYC
Singapore Withdraws Tax Incentives for SFOs in Money Laundering Case
03/07/2024
The total value of assets forfeited from convicted individuals with links to SFO funds far exceeds any tax benefits, said Gan Kim Yong.
Crypto / Digital Assets
MAS Grants Paxos Full Approval to Offer Stablecoins in Singapore
03/07/2024
Paxos is partnering with DBS Bank for cash management and the custody of stablecoin reserves.
AML / KYC
Panama Papers: Court Acquits All 28 Accused of Money Laundering
02/07/2024
According to media reports, the evidence presented was “not sufficient” to establish the defendants’ criminal responsibility.
AML / KYC
Singapore Releases Two Reports Tackling Terrorism Financing
02/07/2024
The updated TF National Risk Assessment found that money remittances remain High-Risk, while the refreshed strategy for CFT calls for robust regulatory regimes.
Market Infrastructure
Project Nexus Completes Blueprint; Prepares for Live Implementation
02/07/2024
To facilitate live implementation, a new entity named the Nexus Scheme Organisation, will be established.
Crypto / Digital Assets
US Treasury Finalises New Crypto-Tax Regulations
01/07/2024
While the new rule will go into effect for transactions starting in 2025, non-custodial brokers will be subject to a separate set of regulations.
Enforcement
US DOJ, Jho Low Reach Global Pact on 1MDB Asset Forfeiture: Report
01/07/2024
The agreement forever resolves the United States’ civil, criminal and administrative asset forfeiture actions of monies and assets traceable to 1MDB.
Securities / Derivatives
ISDA Launches Framework On Termination of Derivatives Contracts
28/06/2024
The ISDA Close-out Framework serves as a preparatory resource, enabling firms to coordinate internal business functions, stakeholders and other service providers.
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