Other Asia Pacific

AML / KYC

Postcards from the Crypto Frontier

By Peter Guy | 30/04/2018

Like a wild west cowboy town, Asian crypto-trading has overwhelmed regulatory efforts to control and discourage its growth. But regulatory confusion and misunderstanding have created opportunities and pitfalls.

Market Infrastructure

Thailand Targets Bank Mergers to Boost Regional Competitiveness

By Manesh Samtani | 28/04/2018

BOT supports incentives for merged banks including extra deductions for corporate income tax and waivers from other tax obligations.

Capital / Liquidity

Bank of Thailand Expands Debt Clinic Scheme for Troubled Borrowers

By Manesh Samtani | 27/04/2018

‘Debt Clinic’ programme to pooling unsecured bad loans under Sukhumvit Asset Management will expand to an additional 50,000 borrowers.

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.