Other Asia Pacific

    AML / KYC

    Bangladesh Launches Online Account Opening for Stock Investors

    By Editors | 16/02/2021

    The new system will reduce the time it takes for investors to open an account and minimise the number of accounts opened using fake information, BSEC said.

    Crypto / Digital Assets

    SEC Thailand Targets Recovery Objective in New Strategic Plan

    By Sanday Chongo Kabange | 16/02/2021

    The plan includes a ‘recovery and strengthening’ objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.

    Securities / Derivatives

    BSP Lowers Minimum Balance for Investment Management Accounts

    By Editors | 11/02/2021

    BSP Governor Benjamin Diokno said the revised regulations are aimed at expanding investment opportunities for the public.

    AML / KYC

    BSP Warns Banks Against Unlicensed Gaming Operators

    By Editors | 11/02/2021

    FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.

    AML / KYC

    US Imposes Sanctions Against Myanmar Military Leaders

    By Editors | 10/02/2021

    Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.

    Securities / Derivatives

    Philippines to Launch Short Selling Upon Resolution of SBL Issues

    By Ranamita Chakraborty | 10/02/2021

    The Philippines Stock Exchange will launch short selling once issues related to securities borrowing and lending are resolved, president Ramon Monzon.

    AML / KYC

    Philippine SEC Tightens Rules on Beneficial Ownership of Shares

    By Ranamita Chakraborty | 09/02/2021

    New guidelines will require the disclosure of the identity of the beneficial owners of shares and prohibit the issuance of bearer shares.

    Bangladesh Bank Ends Moratorium on Loan Repayments

    By Duruthu E Chandrasekera | 09/02/2021

    Coupled with the weaker debt repayment capacity of borrowers, Moody’s expects the move to cause a systemwide increase in the NPL ratio.

    Crypto / Digital Assets

    SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding

    By Ranamita Chakraborty | 08/02/2021

    Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.

    Market Infrastructure

    Cambodia Officially Launches New Retail Payments System

    By Ranamita Chakraborty | 05/02/2021

    The development of the new system, known as Retail Pay, was backed by a $8mn grant from the Korea International Cooperation Agency.

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