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 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.
Crypto / Digital Assets
Former FTX CTO Gary Wang Sentenced, Avoids Prison Term
21/11/2024
Wang’s assistance had helped convict Sam Bankman-Fried. He even built a software programme to help the DOJ detect fraud in financial markets.
Enforcement
US Court Sentences Archegos Founder to 18 Years in Jail
21/11/2024
Bill Hwang caused over $100bn in shareholder losses at companies in Archegos’ portfolio and $10bn in losses at banks that lent to the firm.
Fintech / Regtech
EU and Singapore Strengthen Cooperation on AI Safety
21/11/2024
The US also launched the “International Network of AI Safety Institutes” to drive alignment and encourage safe, secure, and trustworthy AI innovation around the world.
Enforcement
US Authorities Charge Billionaire Gautam Adani for Bribery, Fraud
21/11/2024
The SEC also filed a complaint saying Adani induced US investors to buy $175mn in bonds by misrepresenting an aversion to paying bribes.
Crypto / Digital Assets
US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’
21/11/2024
Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.
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