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Anti-Money Laundering
Report Sets out Macau AML/CTF Weaknesses
By Editors | 03/12/2017
Asia Pacific Group says authorities have not yet grasped cross-border AML risks, but praises use of intelligence to produce suspicious transaction reports.
Credit Risk
Private Sector Leverage Remains Key Risk for Asian Banks – Moody’s
By Garima Chitkara | 30/11/2017
Report suggests private sector debt has risen in 12 of 14 Asian countries; FSB addressing risks from housing market, rising household debt in Asia.
Trading & Investment
BoJ Urges Asian Local Currency Debt Market Development
By Garima Chitkara | 30/11/2017
Haruhiko Kuroda says firms in Asia need to diversify their sources of funding to protect against market shocks as ASEAN initiatives increase.
Structural Regulation
Asian Firms at Risk of Drowning Under Wave of Regulation from US, Europe
By David Farmery | 30/11/2017
The wave of financial regulation about to wash over Europe and North America could eventually overwhelm Asian institutions.
Operational Risk
Indonesia Regulator to Set-up Regtech Surveillance System
By Editors | 27/11/2017
New technology to include integrated surveillance including early-warning system, data analysis and online regulatory reporting for financial institutions.
Resolution & Recovery
Vietnam to Allow Banks to Go Bankrupt
By Editors | 27/11/2017
Bankruptcy will be a last resort; Vietnamese banking sector has bad debts of 8.6% of total credit, 17.2% NPL ratio; Moody’s outlook ‘positive’
Fraud, Scams & Cybercrime
Bank Officials Involved in Majority of Online Banking Forgeries in Bangladesh
By Garima Chitkara | 23/11/2017
A Bangladesh Institute of Bank Management survey has found that bank officials are directly involved in 67 per cent of online banking forgeries in collusion with IT firms.
KYC & CDD
Philippines Looks to Blockchain to Spur Financial Inclusion
By Garima Chitkara | 23/11/2017
The Bankers Association of the Philippines has launched a digitisation initiative to facilitate customer identity management and verification through blockchain technology.
Anti-Money Laundering
Southeast Asia CTF Group Established
By Editors | 23/11/2017
Group led initially by AUSTRAC and Philippines Anti-Money Laundering Council aims to disrupt sources of funding, movement and use of funds.
Anti-Money Laundering
Australia, Indonesia, Malaysia to Hold CTF Summit
By Editors | 16/11/2017
Summit to include ‘codeathon’, with 80 participants demonstrating new digital tools and ideas to address the challenge of terrorist financing.
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