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AML / KYC
Philippine SEC Orders Corporations to Declare Beneficial Owners
By Ranamita Chakraborty | 01/03/2021
Corporations in the Philippines have until 31 March to submit an online form declaring their beneficial owners, principals and nominee arrangements.
Crypto / Digital Assets
Thailand SEC to Enhance Protections for Digital Asset Investors
By Editors | 01/03/2021
The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.
Market Infrastructure
Philippines to Establish Facility for Catastrophe Risk Sharing
By Editors | 28/02/2021
Domestic insurers that provide catastrophe risk coverage currently reinsure their risks overseas. The new facility will enable insurers to pool risk and resources domestically.
AML / KYC
Philippine AMLC Sets Deadline for Newly Covered Entities to Register
By Ranamita Chakraborty | 27/02/2021
Real estate developers and brokers, as well as offshore gaming operators and their service providers, have to register with the AMLC’s electronic reporting system by 16 March.
Market Infrastructure
BOT to Issue First THOR-linked Floating Rate Bond in March
By Editors | 26/02/2021
Institutional investors such as commercial banks, mutual funds, and insurance companies will be allowed to participate in the auction.
Capital / Liquidity
Thailand to Introduce IFRS 9 Equivalent Standards for SFIs
By Editors | 25/02/2021
The BOT has conducted a public hearing on accounting standards for specialised financial institutions, which are tasked with serving government policies.
Fintech / Regtech
OJK Indonesia Urges Rural Banks to Digitalise Operations
By Editors | 25/02/2021
Efforts to digitalise are aimed at improving financial inclusion for ‘micro-entrepreneurs’ and other members of the unbanked or underbanked population in Indonesia.
Capital / Liquidity
Philippine SEC Issues Implementing Rules for ‘Bad Bank’ Law
By Editors | 25/02/2021
The implementing rules cover the creation of so-called ‘FIST corporations’, as well as the processes they will use to acquire, transfer and manage non-performing assets.
AML / KYC
Financial Crime Challenges and Opportunities for the Year Ahead
By Editors | 24/02/2021
Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.
2021 Will Demand a Different Culture of Compliance
By Quincy Tse | 24/02/2021
Quincy Tse discusses how firms can cultivate and promote a culture of compliance even as remote work arrangements continue to be commonplace.
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