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
Malaysia: FIMM Reprimands Former Consultants for Misconduct
26/11/2024
The three individuals were found guilty of fabricating pay slips, forging signatures, and neglecting the best interests of investors.
Indonesia’s OJK Launches Roadmap to Strengthen Microfinance Sector
26/11/2024
The five-year roadmap aims to enhance MFIs by focusing on governance, risk management, education, and ecosystem development.
Crypto / Digital Assets
Korean Court Declares Haru Invest Bankrupt Amid Crypto Fraud
26/11/2024
The ruling paves the way for asset liquidation. A creditors’ meeting is set for February 2025 to chart the recovery process.
Singapore Launches Consultation on Proposed Online Safety Legislation
25/11/2024
The proposed reforms include a complaints mechanism for victims, statutory torts for legal redress and measures to increase accountability for harmful content.
Enforcement
Singapore Court Jails Ex-DBS Staff for Unauthorised Access to Customer Data
25/11/2024
Huang Pin Wen was sentenced to eight months and seven weeks in jail for accessing customer information, including at the request of an illegal moneylender.
AML / KYC
Singapore Court Fines Jeweller for Failing to Perform CDD
23/11/2024
The case is Singapore’s first prosecution under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act.
Crypto / Digital Assets
Former CSRC Official Found Taking Bribes Via Cryptocurrency
23/11/2024
The CCDI said Yao Qian abused his authority to benefit specific technology providers and “used virtual currency to trade power for money”.
Crypto / Digital Assets
Australia Consults on Adopting Tax Reporting Framework for Crypto
22/11/2024
The consultation explores policy options, compliance timelines, and strategies to ensure transparency and tackle tax evasion in the crypto market.
MAS Streamlines Product Approval Process for Life Insurers
22/11/2024
Revised notices ease the approval process, requiring life insurers to seek prior approval only for products with features entirely new to the industry.
Fintech / Regtech
Goldman Sachs to Make GS DAP Platform “Industry-owned”
22/11/2024
Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.
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