Chinese national Wang Baosen jailed for 13 months and required to forfeit over S$8mn in assets as part of his plea deal.
The RBNZ is seeking feedback on its judgments and design options for digital cash, which would be designed as a general-purpose CBDC.
The policy document sets revised requirements and guidance for implementing e-KYC solutions in Malaysia's financial sector.
Chinese small-cap stocks sold off for two days after the CSRC announced new delisting rules and dividend requirements for listed companies.
Third Man Jailed in Singapore’s Billion Dollar Money Laundering Case
April 17, 2024RBNZ Consults on Design Options for ‘Digital Cash’
April 17, 2024HKMA Issues Risk Management Guidance for DLT Adoption
April 17, 2024Australian Senator Calls on AUSTRAC to Investigate TikTok
April 17, 2024FSS Korea Launches New Reporting System for PE Funds
April 17, 2024Supervisors Need to Improve Collaboration With Private Sector
April 17, 2024BNM Finalises Policy Requirements for Electronic KYC
April 17, 2024No Criminal Misconduct Found in EY’s Wirecard Audits
April 17, 2024SET Board Approves Measures to Boost Market Confidence
April 17, 2024CSRC Addresses Concerns Over New Delisting Rules
April 17, 2024AI Deepfakes: An Insidious Threat and Real Challenge for FIs
Nithya Subramanian, Regulation Asia April 11, 2024Japan FSA Publishes Revised Version of AML/CFT FAQs
Hiroshi Ozaki, KPMG AZSA LLC April 8, 2024How HKMA Aims to Prevent Fragmented Digital Money Ecosystem
Nithya Subramanian, Regulation Asia April 5, 2024Cecilia Skingsley said central bankers and supervisors need to be more transparent with SupTech vendors and simplify procurement processes.
The large size of China's banking sector and the number of D-SIBs constrain the government's ability to support the sector, Fitch Ratings said.
ESMA warns of concentration risks and inadequate transparency, but says MiCA will help address such issues.
Chinese national Wang Baosen jailed for 13 months and required to forfeit over S$8mn in assets as part of his plea deal.
TikTok's platform was allegedly used to transfer money to accounts suspected of being linked to terrorist groups.
EY could have faced unlimited liability for claims of damages from Wirecard’s administrator and former shareholders if criminal misconduct was found.
US regulators are assessing whether the bank has sufficiently investigated the identities of clients and their sources of wealth.
The company was earlier ordered to reconstitute its board of directors and engage an independent manager over more than $60m in missing funds.
A$55mn worth of assets belonging to a crypto fund operator have been frozen by court order, after investors became concerned about the fund's management.
The RBNZ is seeking feedback on its judgments and design options for digital cash, which would be designed as a general-purpose CBDC.
The guidance covers DLT network and smart contract design and governance, the associated risks, and the need for interoperability.
The new system improves convenience for reporting firms and eases the review process prior to submission, the FSS said.
Cecilia Skingsley said central bankers and supervisors need to be more transparent with SupTech vendors and simplify procurement processes.
The policy document sets revised requirements and guidance for implementing e-KYC solutions in Malaysia's financial sector.
The vLEI is the cryptographically secure digital counterpart of a conventional LEI that can be used to automate business process.
Prateebha Narayan is an Executive Director and Head of Operations Control and Transaction Reporting for Asia Ex-Japan with Nomura Singapore Limited. She was part of Lehman Brothers prior to 2008 and brings a total experience of about 25 years with the Financial Services industry.
Priya Kundamal is General Manager and Head of DTCC Data Repository, Singapore Pte. Ltd, the Singapore-based subsidiary of DTCC’s Global Trade Repository (GTR) service that provides OTC derivatives trade reporting to ASIC and MAS. In this capacity, Priya works closely with regulators, market participant firms and industry associations across the Asia Pacific region and the globe on the adoption of automated solutions that deliver upon the G20’s OTC Derivative Market Reforms. Priya has more than 20+ years of industry experience and has a strong understanding of the regulatory frameworks behind reporting requirements across jurisdictions, as well as the ever-evolving technology in this space.
Alex Orgaz-Barnier is a Senior Manager in the Market Infrastructure Team at ASIC (Australian Securities & Investments Commission). He leads the unit responsible for overseeing the Australian futures markets and OTC trading and reporting infrastructure, including licensing and supervising Trade Repositories and administering the Australian Derivatives Transaction Reporting Rules.
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking.
Julia is a partner with PwC Singapore’s Digital Regulatory Risk & Compliance practice. She is a risk and transformation specialist advising banks, wealth managers, capital markets intermediaries and non-FIs on digital transformation strategy and execution, risk & regulations, controls and governance.
With over 20 years of experience, she has led core banking, compliance, operational risk, finance transformation programmes, corporate governance, ERM and internal audit reviews. Clients value her partnership to connect the dots and co-create pragmatic, best-fit solutions for them.
Prior to her current role, she has assumed various leadership roles at firm-level as private banking industry lead, banking governance, risk and compliance and digital transformation services leader.
Outside of client work, Julia is active in giving back with board directorship and mentoring. She currently serves on the Board of Trustees for ISEAS (Institute of Southeast Asian Studies), the board of Building Construction Authority and committee of the Governance and Audit Committee of Singapore Heart Foundation. She is a mentor with Young Women Leadership Connection and Mentorshub.
Ashish is a banking professional with 23 years of techno-functional experience in Transformation, Digitization, Strategy, Data, Analytics, Business Process Re-engineering, Change and Risk Management across Wealth Management, Private Banking and Consumer Banking.
Bradley is Co-Founder at Regulation Asia, the leading regulatory news intelligence service for the financial sector in APAC. Bradley advises governmental and start-up projects, including several regulated digital assets, climate markets and payments entities.
Previously Bradley oversaw Strategy with SunGard Financial Systems (now FIS), heading up strategic, business planning and product development across Asia, Africa, Latin America and the Middle East. Prior to this, he was a management consultant focused on private equity and alternative assets. He has also been involved in several high-profile research programmes, including assisting the US Treasury Department in accessing the Troubled Asset Relief Program (TARP) instituted following the 2008 global financial crisis.
Bradley is a senior Financial Regulation and Risk Management research fellow with The Guangzhou-Nottingham Advanced Institute of Finance and the Guangzhou University of Finance’s Institute of Financial Employment.
Focused on the broader economic impact of financial regulation, he holds Master’s degrees in Finance, Quantitative Research and Law from New York University’s Stern School of Business, the Hong Kong University of Science and Technology, and the University of Melbourne. He is currently a doctoral candidate at the Swiss Business School in Zurich.
Parsa Khoshdel is an accomplished management consulting professional with more than 11 years of experience in private banking and financial services consulting.
He has extensive experience in driving large scale regulatory business transformation programs in collaboration with leading global financial institutions.
Parsa holds a Masters degree in Financial Engineering from National University of Singapore and is currently leading the PBWM Regulatory Compliance and Risk Management division for Synpulse in APAC.
Jane is a highly motivated and accomplished professional with over a decade of experience in the financial services sector. Beginning her career as a practicing lawyer in Malaysia, she later transitioned to the financial services industry where she assumed responsibility for overseeing regulatory compliance and risk management.
Prior to her current role at Charles Monat Associates, Jane served as the Head of Compliance at both AAM Advisory and St. James’s Place Singapore, where she established robust policies and standards that were successfully integrated throughout the organisations.
Throughout her career, Jane has worked closely with advisors and business stakeholders to ensure that clients can easily conduct business with the firm while maintaining compliance with all regulatory requirements.
Osvaldo is a Suitability & Wealth Management SME for NICE Actimize. Prior to joining NICE, he was a Financial Consultant with Fidelity Investments, where he helped retail and HNWI clients define their financial goals and provided them with financial planning concepts and solutions to meet those goals.
Before Fidelity, Osvaldo served around ten years at TIAA, working on the institutional side of the business for four years and the Wealth Management space for around six years. During his tenure at TIAA, he was a part of projects and pilots catering specifically to DOL and Suitability changes, including regulatory requirements and user interface.
Before joining TIAA, he was a Financial Advisor with Wells Fargo Advisors for two years, responsible for the Wealth Management offering out of 5 offices. Osvaldo began his career as a Financial Advisor at Bank of America / Merrill Lynch for around seven years, where he was responsible for running a Wealth Management practice across six offices.
Osvaldo has a bachelor’s degree in Finance from New Jersey City University. He also holds a Series 7, 63, 65, and Life & Health Producers licenses from the state of New Jersey.
Mr Ken Nagatsuka is the Executive Director and Head of Payments Department at the Monetary Authority of Singapore (MAS). The department is responsible for the authorisation, ongoing supervision and policy-making in relation to payment systems and payment service providers, such as e-money issuers, remittance providers and digital payment token (more commonly known as cryptocurrency) service providers under the Payments Services Act.
Prior to this, Mr Nagatsuka has worked in the field of capital markets regulation for over 15 years, and was previously Head of the Capital Markets Policy Division responsible for policy formulation and reviewing legislation in relation to capital markets and market infrastructures. In his role, he represented MAS on various international committees under the FSB, CPMI and IOSCO, on subjects such as OTC derivatives reforms and financial market infrastructures. Prior to that, he also served in various roles in exchange and clearing house supervisory functions.
Mr Nagatsuka holds both a Bachelor of Business Management and Bachelor of Science in Economics from the Singapore Management University.
Ari Redbord is Head of Legal and Government Affairs at TRM Labs, a blockchain analytics company. Prior to joining TRM Labs, he served as a Senior Advisor to the Deputy Secretary and the Under Secretary for Terrorism and Financial Intelligence at the United States Department of Treasury. In this capacity, he worked with teams from the Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other Treasury and interagency components on issues related to sanctions, the Bank Secrecy Act, cryptocurrency, and anti-money laundering strategies.
Previously, Mr. Redbord served as a Senior Assistant United States Attorney for the District of Columbia, where he investigated and prosecuted cases related to cryptocurrency, terrorist financing, sanctions evasion, export control, child exploitation and human trafficking. He has received numerous awards from FinCEN, the FBI, and the United States Attorney’s Office, including the Attorney General’s Award for leading an interagency task force dedicated to prosecuting those who abuse and exploit children.