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 Jeweller Charged for Not Performing CDD Checks
13/05/2024
The jeweller failed to undertake customer due diligence checks when there was reason to suspect money laundering.
Enforcement
Singapore Court Convicts Hin Leong Founder for Cheating HSBC
13/05/2024
Lim Oon Kuin was convicted of cheating HSBC and abetting forgery. He will be sentenced in October.
AML / KYC
1MDB and Subsidiaries Sue Former PM’s Wife for $346mn
13/05/2024
The lawsuit alleged that funds from 1MDB and its subsidiaries were used by Najib Razak’s wife to purchase luxury goods.
Market Infrastructure
Singapore Parliament Passes Cybersecurity Amendment Bill
13/05/2024
The amendments introduce stricter reporting requirements for owners of CII and give more teeth to the CSA.
AML / KYC
Australia Publishes Sanctions Advisory for Crypto Exchanges
10/05/2024
Digital currency exchanges should take “reasonable precautions” and exercise due diligence to prevent sanctions evasion.
AML / KYC
Singapore to Strengthen Laws to Pursue Money Launderers
10/05/2024
Sectoral regulators will have access to STRs filed by entities they regulate, to enable better detection.
Crypto / Digital Assets
Singapore, UK to Boost Fintech, Green Finance Cooperation
09/05/2024
MAS and HM Treasury will collaborate to develop and finance green finance and energy transition projects in APAC.
AML / KYC
US Court Ends Goldman Criminal Case Over 1MDB Work
08/05/2024
Brooklyn federal court dismissed a bribery conspiracy charge against Goldman following the completion of its three-year DPA.
Big Picture
Regulatory Hurdles Limit Adoption of Tokenised Alternative Assets
08/05/2024
Moody’s Investors Service outlines the technical and regulatory hurdles that may limit adoption of tokenised alternative assets.
AML / KYC
MAS Fines Swiss-Asia Financial Services for AML Breaches
08/05/2024
The CEO and COO were also reprimanded for failing to ensure compliance with the AML/CFT requirements.
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