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KYC & CDD
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.
Resolution & Recovery
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.
Trading & Investment
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.
Anti-Money Laundering
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.
PEPs & Sanctions
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.
Trading & Investment
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.
Anti-Money Laundering
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.
Credit Risk
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.
Cryptocurrency
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.
Payments & Settlements
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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