OTHER ASIA PACIFIC

AML / KYC

Bangladesh Enlists Big Four Auditors to Trace $17b Missing from Banks

By Mark Johnston | 26/01/2025

Bangladesh has enlisted the services of three major audit firms to conduct an asset quality review at six banks to determine where missing assets went.

Fintech / Regtech

ASEAN Releases Expanded Guide to Address Generative AI Risks

By Thisanka Siripala | 23/01/2025

The guide provides recommendations around shared AI accountability, data management, incident reporting, and regional collaboration on AI safety.

Capital / Liquidity

Vietnam Regulator Initiates Mandatory Transfers of Two More Banks

By Nithya Subramanian | 22/01/2025

To strengthen Vietnam’s banking sector, the SBV  has mandated the transfer of DongA Bank to HDBank and GPBank to VPBank

Crypto / Digital Assets

Vietnam to Introduce Regulatory Sandbox for Crypto, Fintech

By Nithya Subramanian | 21/01/2025

The sandbox will allow testing of business models in areas such as cryptocurrency trading and digital asset management

Fintech / Regtech

What Makes Asia a Hub for Innovative Regulation?  

By Manoj Singh | 14/01/2025

The RBI’s Manoj Singh says Asia is a natural hub for innovative regulation, with Singapore increasingly being recognised for its leadership in fintech

AML / KYC

Bangladesh Authorities Demand UK Minister’s Financial Records

By Nithya Subramanian | 14/01/2025

BFIU is investigating whether UK minister Tulip Siddiq was involved in siphoning funds from Bangladesh through her links to ousted Prime Minister Sheikh Hasina.

Sanctions

US Adds Myanmar and China-based Companies to Entity List

By Editors | 07/01/2025

11 entities were added for supporting China’s military. Telecom provider Mytel was added for enabling surveillance of Myanmar people.

ESG / Sustainability

ASEAN Taxonomy Version 3 Takes Effect Following Revisions

By Editors | 02/01/2025

Version 3 of the ASEAN Taxonomy was revised before it took effect to provide greater clarity on the two new focus sectors.

Capital / Liquidity

Bangladesh Bank Issues Revised Stress Testing Guidelines for Banks

By Editors | 02/01/2025

The revised guidelines require all scheduled banks to conduct stress tests quarterly, including assessments of the impacts of climate-related risks.