Other Asia Pacific

AML / KYC

Southeast Asia Vulnerable to North Korea Crypto Activity

By Editors | 15/04/2019

New RUSI research reveals how North Korea can exploit cryptocurrency, particularly in Southeast Asia, to circumvent international sanctions.

Enforcement

Australian Authorities Bust Vietnamese Money Transfer Cartel

By Editors | 12/04/2019

The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam’s Sacombank.

Market Infrastructure

Payments Connectivity Sees Continued Progress in ASEAN

By Editors | 10/04/2019

Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.

Securities / Derivatives

Bangladesh Exchanges Lobby for Lower Taxes to Spur Capital Market

By Editors | 08/04/2019

The Dhaka and Chittagong stock exchanges have asked for tax cuts on dividends, bonds, stock transactions, and their own income, in a bid to catalyse Bangladesh’s capital markets.

Market Infrastructure

ASEAN Pushes for Cross-Border Settlement in Local Currencies

By Editors | 08/04/2019

ASEAN central bankers are setting up direct settlement systems that use local currencies, in a bid to reduce transaction costs and exposures to global volatility.

AML / KYC

Artificial Intelligence – the Ultimate Weapon to Fight Financial Crime

By Karl Seagrave | 03/04/2019

Getting buy-in from senior management is one of the biggest hurdles to adopting AI in the fight against financial crime, says Fenergo’s Karl Seagrave.

AML / KYC

Indonesia Simplifies Stock Account Opening Process

By Editors | 01/04/2019

A new simplification programme for opening stock accounts in Indonesia should cut processing times to as little as 30 minutes, from about two weeks previously.

AML / KYC

Philippines to Launch Digital Banking ID Registry This Year

By Editors | 31/03/2019

The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.

Securities / Derivatives

Bangladesh Looks to Boost Capital Markets with Derivatives, Sukuk Trading

By Editors | 26/03/2019

Bangladesh’s securities regulator is reportedly formulating new rules to facilitate trading of derivatives and sukuk, while it also considers changes to enhance private placement regulations.