Other Asia Pacific

AML / KYC

ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime

By Manesh Samtani | 26/04/2018

Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.

AML / KYC

Bangladesh Banks Raise Concern on Trade-based Money Laundering

By Garima Chitkara | 26/04/2018

Trade-based money laundering is a source of concern for banks, according to a just released survey by the Bangladesh Institute of Bank Management; mis-declaration of pricing and traded goods a key source of money laundering in trade.

Fintech / Regtech

Singapore, Vietnam Sign Fintech, Banking Supervision Agreement

By JP Reimann | 26/04/2018

The central banks have agreed on a partnership to encourage fintech innovation and strengthen banking supervision.

Enforcement

Cambodia Warns Against Online Lending Firms

By Editors | 26/04/2018

Central bank says many online lending firms are not licensed, making the loans illegal.

Capital / Liquidity

Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

By Garima Chitkara | 26/04/2018

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

Fintech / Regtech

Philippines Launches Real Time E-Payments Platform InstaPay

By JP Reimann | 24/04/2018

Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.

Market Infrastructure

Thailand Central Bank Requires E-Money Providers to Register

By JP Reimann | 23/04/2018

BOT requires all e-money, card and fund transfer service providers to register or seek approval from the central bank by 14 August.

AML / KYC

Sri Lanka Affirms Commitment to Preventing Financial Crime

By Editors | 23/04/2018

As the country looks to increase grass-roots access to finance, it will require greater engagement with the international financial community, requiring greater focus on preventing financial crime.

Capital / Liquidity

Bangladesh Mulls New NPL Dispute Resolution Guidelines

By Garima Chitkara | 23/04/2018

New guidelines and amendments to stress the importance of mediation and arbitration to take pressure off the courts saddled with NPL recovery cases.