Asia-Pacific
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DLT Essential for Capital Market Participants to Meet Regulatory Obligations – JPX
Market participants can't meet diverse regulatory requirements without using DLT to share back office and post-trade functions, report suggests.
September 21, 2017 -
ASEAN Fintechs, Banks Set up Pan-regional Sandbox to Boost Financial Inclusion
Sandbox board includes ASEAN Bankers Association, Monetary Authority of Singapore and is being advised by Intel, Microsoft Asia Pacific and IBM Philippines.
September 21, 2017 -
Indonesia Tightens AML Rules to Address Fintech Complexity
Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.
September 14, 2017 -
China Joins US in Leading Bank Profitability as Capital Shortfalls All but Disappear
BIS report on Basel III finds US and China make up more than half the profits of the world’s Group 1 banks;...
September 13, 2017 -
Top PBOC Official Makes AML Powerplay
Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
September 13, 2017 -
Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures
Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.
September 12, 2017 -
Philippines Banker Indicted for Bangladesh Heist Role
Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
September 11, 2017 -
Malaysia Central Bank to Finalise e-KYC Standards
BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come...
September 11, 2017 -
159Don’t Expect New EU Equivalency Decisions for Asia
Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency...
September 7, 2017 -
Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements
New regulations will require firms involved in securities and futures markets to set up separate AML/CTF units, boost FSC inspection powers.
September 7, 2017