Thisanka Siripala is an experienced journalist and a reporter for Regulation Asia based in Japan.
Capital / Liquidity
Korea Amends Financial Support Act to Aid Low-Credit Individuals
18/03/2025
The move increases contribution rates financial institutions must allocate to a financial support fund for low-income people.
Australia to Guarantee ANZ Operations in Pacific Islands
18/03/2025
ANZ will invest an additional AUD 50 million to help address a decline in the number of foreign banks willing to serve the region.
AML / KYC
Korea Rolls Out Nationwide Mobile Resident Registration Card
18/03/2025
The initiative allows residents to access digital identification through their smartphones for use in activities such as bank account opening.
Fintech / Regtech
FSS Korea Meets with FinTech CEOs to Outline Supervisory Plans
18/03/2025
The meeting included executives from major fintech firms such as Kakao Pay, Toss Payments, Coupang Pay, and Naver Financial.
Capital / Liquidity
South Korea to Install Formal Insurer Capital Requirements
17/03/2025
The FSC plans to introduce a mandatory threshold for insurers’ basic capital K-ICS ratio to improve capital quality.
Securities / Derivatives
Australia Clarifies Managed Investment Trusts Tax Rules
17/03/2025
New tax amendments confirm that foreign pension funds can continue accessing concessional withholding tax rates through MITs.
Enforcement
Japan Moves to Tighten Regulations on Online Casinos
17/03/2025
Japan is considering measures to restrict payments to online casinos as well as advertisements promoting their services.
AML / KYC
Korea Introduces New Safeguard to Prevent Unauthorised Account Opening
17/03/2025
Consumers can apply for the ‘Non-Face-to-Face Account Opening Safe Block’ service to preemptively prevent the unauthorised creation of deposit accounts.
AML / KYC
Taiwan Government-Owned Bank Fined for AML Failures
17/03/2025
Bank of Taiwan staff made repeated remittances to foreign virtual asset exchanges over several years without investigating alerts.
Enforcement
ASIC Warns Payday Lenders Over Potential Regulatory Breaches
14/03/2025
ASIC found that some payday lenders have structured their business models to avoid consumer protection obligations.
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