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AML / KYC
Will 2022 Be the Year of NFT Regulation?
By Javier Tamashiro | 27/01/2022
The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.
Capital / Liquidity
Philippine SEC Reveals Establishment of Five ‘Bad Bank’ Entities
By Mark Johnston | 27/01/2022
Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
Fintech / Regtech
Thailand to Prohibit Use of Digital Assets in Payments
By Manesh Samtani | 26/01/2022
The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.
Fintech / Regtech
BIS Innovation Hub to Expand Work Programme in 2022
By Editors | 25/01/2022
The BIS Innovation Hub will launch new projects into CBDCs, payments systems, DeFi, green finance, regtech, suptech and cybersecurity.
ESG / Sustainability
Philippine SEC Issues Draft Rules for SRI Funds
By Mark Johnston | 25/01/2022
To qualify as an SRI fund, an investment company must have at least 70 percent of its NAV allotted to ESG investments.
AML / KYC
FinCEN to Allow FIs to Share SARs with Foreign Affiliates
By Editors | 25/01/2022
A limited-duration pilot programme would permit FIs to share SARs and information related to SARs with foreign branches, subsidiaries, and affiliates.
Fintech / Regtech
US May Soon Unveil Regulatory Approach for Crypto – Report
By Manesh Samtani | 24/01/2022
A government-wide strategy for digital assets may be released in a White House executive order as early as next month.
Enforcement
BSP Calls for Passage of New Financial Consumer Protection Act
By Mark Johnston | 24/01/2022
The Act establishes stronger protection standards for consumers, promotes transparent and responsible pricing, and give regulators more teeth.
AML / KYC
OFAC Sanctions Ukrainian Nationals Identified as “FSB Pawns”
By Manesh Samtani | 23/01/2022
The action is separate from the “broad range of high impact measures” the US and its allies may impose if Russia invades Ukraine.
AML / KYC
Russia Says REvil Hacking Group Has Been Dismantled
By Sanday Chongo Kabange | 18/01/2022
Russia’s intelligence bureau raided 25 properties, detained 14 individuals, and seized cash, cryptocurrency and luxury vehicles.
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