Financial Crime

Anti-Money Laundering

Regulation Asia: Top 20 News Stories for 2023

By Editors | 02/01/2024

This list presents the most-read news stories published by Regulation Asia in 2023, based on aggregated user traffic analytics.

Payments & Settlements

Regulation Asia: Top 10 Contributed Articles for 2023

By Editors | 02/01/2024

This list presents the most-read contributed articles published by Regulation Asia in 2023, based on aggregated user traffic.

Fraud, Scams & Cybercrime

US Prosecutors Will Not Pursue Second Trial for FTX Founder

By Nithya Subramanian | 02/01/2024

The DOJ said a second trial to address additional charges against Sam Bankman-Fried would delay sentencing and provide no benefit to victims.

Cryptocurrency

Indonesia Requires Crypto Exchanges to Register with National Bourse

By Mark Johnston | 02/01/2024

Crypto exchanges operating in Indonesia will have to register with the country’s new national exchange for digital assets.

Fraud, Scams & Cybercrime

FSS Korea Fines BNK Kyongnam Bank for Employee Misconduct

By Sanday Chongo Kabange | 02/01/2024

Former branch manager opened a securities account using his mother-in-law’s name and forged signature, and used it to place 193 stock trades.

Operational Risk

China Finalises Rules for Banks, Insurers on Operational Risk Management

By Manesh Samtani | 01/01/2024

The new rules will come into effect on 1 July 2024, with a one-year transition period for implementation.

Structural Regulation

Taiwan, Korea Reciprocally Lower Taxes on Dividend, Interest Income

By Editors | 01/01/2024

The agreement was signed in November 2021 after seven years of negotiations. It has taken until now for the required legislative processes.

Anti-Money Laundering

Philippines Tightens Travel Rule Requirements for Crypto

By Editors | 01/01/2024

VASPs are expected to obtain, verify, and hold originator and beneficiary information for transactions with unhosted wallets regardless of the amount involved.

Anti-Bribery & Corruption

China Passes Law to Raise Penalties for Bribery Offences

By Editors | 29/12/2023

The amended law, effective 1 March 2024, adds provisions to punish corruption crimes committed by insiders of private enterprises.