Thisanka Siripala
Thisanka Siripala is an experienced journalist and a reporter for Regulation Asia based in Japan.
Articles by Thisanka Siripala
Market Infrastructure
Australia Passes Law Giving ACCC Enhanced Merger Approval Powers
01/12/2024
The law introduces a mandatory notification system for mergers above certain thresholds and the ACCC will be the decision maker on approvals.
Fintech / Regtech
Japan Report Calls for Urgent Action to Address Quantum Risks
30/11/2024
Japanese FIs should have quantum-resistant cryptographic algorithms within high-priority systems ready for use by the mid-2030s.
AML / KYC
Wise Tightens AML Compliance Following Regulatory Review in Europe
30/11/2024
The National Bank of Belgiumreportedly found in 2022 that Wise lacked proof of address for hundreds of thousands of customers.
AML / KYC
Australian Parliament Passes Historic AML/CTF Amendment Bill
29/11/2024
The bill extends AML/CTF obligations to lawyers, accountants, TCSPs, real estate professionals, and dealers in precious metals and stones.
Securities / Derivatives
Japan Strengthens Disclosure Rules for Strategic Shareholdings
29/11/2024
The new rule requires detailed disclosures for shares transitioned from strategic holdings to pure investment objectives.
Crypto / Digital Assets
CFTC Poised to Lead US Digital Asset Regulation Under Trump
29/11/2024
President-elect Donald Trump is expected to scale back the SEC role in favour of a more innovation-friendly regulatory framework led by the CFTC.
Big Picture
UK FCA Faces Criticism Over Consumer Protection Shortfalls
29/11/2024
A parliamentary group released a report based on testimony from 174 respondents collected over two and a half years.
FCA Revises Whistleblowing Policies Following Independent Review
28/11/2024
The updated policies clarify the channels available for raising concerns, extend applicability to former employees, and outline expectations during the grievance process.
AML / KYC
APG Typologies Report Shines Light on Misuse of Legal Persons
28/11/2024
The APG’s 2024 typologies report says legal persons including shell companies have emerged as primary vehicles misused by criminals.
Capital / Liquidity
APRA Establishes New “Specialist Geopolitical Risk Team”
28/11/2024
The “specialist geopolitical risk team” is collaborating with other regulators to examine how global shocks may reach Australia and impact the financial system.
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