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Structural Regulation
US Bill Targets Private Securities Offerings by Chinese Firms
By Nick Morgan | 14/03/2022
Private US securities offerings by China-based companies could become subject to the same scrutiny as publicly traded securities, says Nick Morgan.
Emerging Prudential Risks
APRA, ASIC Outline Expectations on Retirement Income Covenant
By Ranamita Chakraborty | 14/03/2022
While RSE licensees are not specifically required to offer retirement income products, they are expected to consider making changes to existing products or offering external products.
Market Abuse
SEBI Seizes Records from Market Manipulators in 4 States
By Editors | 14/03/2022
Individuals and entities were operating Telegram channels to encourage investors to deal in listed stocks, thereby creating “artificial volume and price rise”.
PEPs & Sanctions
G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes
By Editors | 13/03/2022
US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.
PEPs & Sanctions
Japan Crypto Industry Set to Adopt Travel Rule
By Editors | 13/03/2022
The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.
PEPs & Sanctions
BIS Suspends Russian Central Bank as UK Adds More Sanctions
By Manesh Samtani | 11/03/2022
UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.
Payments & Settlements
Taiwan FSC Approves Relaxations on OBU Account Use
By Editors | 10/03/2022
Companies are given greater flexibility to open and use offshore banking unit accounts held with domestic banks to take out foreign currency loans.
Trading & Investment
China Widens Trading Band for Yuan-Ruble Currency Pair
By Editors | 10/03/2022
The existing 5 percent trading band around a daily midpoint set by the PBOC is making it difficult to price the exchange rate amid heightened ruble volatility.
Fraud, Scams & Cybercrime
Singapore Court Imposes 9 Year Jail Sentence for IRAS Fraud
By Editors | 10/03/2022
230 companies, mostly dormant and shell companies, were used to submit 400 fraudulent applications claiming tax breaks.
Anti-Money Laundering
Philippine AMLC Extends Deadline for DNFBP AML Programmes
By Editors | 10/03/2022
The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.
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