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
Enforcement
SC Malaysia Charges Former CIMB Banker for Securities Fraud
21/09/2024
The former banker allegedly defrauded seven investors of MRW 201,000 and carried out unlicensed fund management activities.
AML / KYC
Singapore FIU Seeks Information on Bangladeshi Conglomerate
20/09/2024
The STRO asked the BFIU to provide details on S Alam Group, a Bangladeshi conglomerate that is suspected of money laundering.
Enforcement
US SEC Fines Macquarie Unit $80m for Overvalued CMOs
20/09/2024
The Macquarie unit overvalued odd lot CMO positions and then executed cross trades to push the resulting losses to retail funds.
AML / KYC
German Authorities Shut Down 47 Cryptocurrency Exchanges
20/09/2024
The crypto exchanges did not carry out identity and background checks on customers and allowed them to conduct financial transactions anonymously.
Fintech / Regtech
Malaysia, Cambodia Launch Cross-border QR Payment Linkage
20/09/2024
The first phase will allow Cambodian users to make instant retail payments in Malaysia by scanning DuitNow QR codes.
Crypto / Digital Assets
DBS to Launch Crypto Options and Structured Notes
20/09/2024
DBS will allow eligible investors to use options trading and structured notes to gain or hedge exposures to Bitcoin and Ethereum.
Enforcement
US SEC Files First Charges Involving Romance Scams
20/09/2024
In the first charges of this type, the SEC alleges that fraudsters used social to lure investors to fake crypto platforms before stealing their money.
AML / KYC
FINMA Confiscates $15m from Private Bank Mirabaud for AML Failures
19/09/2024
FINMA barred the bank from accepting high-risk clients and ordered it to overhaul its risk management, internal controls, and corporate governance.
Enforcement
US SEC Fines Former FTX Auditor for Negligence-related Fraud
19/09/2024
Prager Metis issued two audit reports for FTX between 2021 and 2022, but failed to comply with auditing standards and apply “due care” in those audits.
Fintech / Regtech
Singapore Banks to Roll Out Singpass Face Verification for Scam Protection
19/09/2024
MAS said that the feature will be rolled out over the next three months to strengthen digital token security and safeguard customers from scams.
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