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AML / KYC
US Court Orders BitMEX Co-Founders to Pay $30m in Fines
By Editors | 08/05/2022
The orders follow the CFTC’s $100mn settlement with five BitMEX entities last year over violations of US derivatives and AML regulations.
Market Infrastructure
Thai Regulators to Cooperate on Personal Data Protection
By Mark Johnston | 08/05/2022
Thailand’s banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.
Capital / Liquidity
RBI Surprises Market with Interest Rate Hike
By Editors | 06/05/2022
The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.
AML / KYC
NYDFS Issues Guidance Recommending Use of Blockchain Analytics
By Editors | 05/05/2022
The guidance emphasises the importance of blockchain analytics in conducting due diligence, transaction monitoring and sanctions screening.
US Fed Announces Biggest Rate Increase Since 2000
By Editors | 05/05/2022
The Federal Reserve has also outlined plans to shrink its USD 9 trillion balance sheet in phases, starting in June.
Enforcement
US SEC Expands Enforcement Unit Dedicated to Crypto, Cyber
By Editors | 05/05/2022
The additional resources will be used to prioritise investigations related to crypto asset offerings, exchanges, lending and staking products, as well as DeFi platforms, NFTs and stablecoins.
AML / KYC
BSP Sanctions BDO, UBP Over Unauthorised Bank Transfers
By Editors | 04/05/2022
The BSP said it has completed its investigation into the incident and sanctioned both BDO Unibank and UBP, but it did not specify the penalties.
Market Infrastructure
US, Europe to Pilot Real-time Cross-border Payments This Year
By Editors | 03/05/2022
The IXB pilot service will initially support instant payments in the USD-EUR corridor, with a full-service offering expected in 2023.
Securities / Derivatives
China, US Discuss Logistics of Cross-border Audit Inspections
By Editors | 03/05/2022
Regulators are discussing the logistical and operational details for a new mechanism that will enable the PCAOB to visit China for audit inspections.
AML / KYC
US OCC Orders Digital Assets Bank to Address AML Failings
By Sanday Chongo Kabange | 30/04/2022
Deficiencies were found at Anchorage Digital Bank, the US’ first federally chartered bank authorised to provide institutional custody services for crypto.
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