Editors
Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. [email protected]
Articles by Editors
Anti-Money Laundering
HKMA Fines Hua Nan Commercial Bank Over AML/CFT Controls
22/04/2024
HKMA identified deficiencies in the bank’s ability to continuously monitor some customer relationships over a six-year period.
PEPs & Sanctions
ECB to Order UniCredit, Raiffeisen to Cut Russia Business – Reports
22/04/2024
Italy’s UniCredit and Austria’s Raiffeisen Bank International are expected to be ordered by the ECB to pare back their Russia business.
Conduct, Culture & Accountability
Hong Kong AFRC Probing Whistleblower Allegations Against PwC
22/04/2024
The probe was prompted by an anonymous “whistle-blower report” circulating in the media which PwC says contains “inaccurate statements and false allegations”.
PEPs & Sanctions
OFAC Penalises Thai Petrochemical Firm for Sanctions Violations
21/04/2024
A unit of a Siam Cement Group subsidiary obfuscated the Iranian origin of polyethylene resin, causing US banks to unknowingly process transfers that violated sanctions.
Fraud, Scams & Cybercrime
Australian Court Fines Macquarie for Inadequate Controls
21/04/2024
Macquarie failed to prevent a now jailed financial adviser from fraudulently withdrawing A$2.9mn from customer accounts between 2016 and 2019.
Reporting & Disclosures
ISDA Offers Recommendations to Address Greenwashing in VCMs
21/04/2024
Firms should improve third-party oversight and monitoring in respect of the due diligence being done on VCCs, protocol quality, rating programmes and advisors.
PEPs & Sanctions
US Sanctions Four Entities Over Pakistan Missile Inputs
21/04/2024
One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.
PEPs & Sanctions
US, EU Issue New Sanctions Over Settler Violence in West Bank
21/04/2024
OFAC’s sanctions target two entities that helped raise funds for two already-designated Israeli settlers. The EU sanctions target four individuals and two entities.
PEPs & Sanctions
US Reimposes Sanctions on Venezuela’s Oil and Gas Sectors
20/04/2024
Venezuela has fallen short of its commitments in terms of opening up the democratic and electoral process, US officials said.
Payments & Settlements
UK Banks Launch Digital Money Experimental Phase
19/04/2024
Barclays, Citi, HSBC, and Lloyds are among those that have signed up to experiment with the so-called ‘Regulated Liability Network’.
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