OTHER ASIA PACIFIC

AML / KYC

Vietnam Launches Nationwide Campaign Against Online Fraud

By Editors | 01/01/2025

Measures include developing an interagency coordination model and enhancing account verification, Internet banking security, and controls on crypto-related transactions.

AML / KYC

PNG Agencies Launch New Anti-Money Laundering Task Force

By Editors | 31/12/2024

The task force is described as a “crucial step” in PNG’s efforts to combat financial crime and avoid being placed on the FATF’s grey list.

Crypto / Digital Assets

Cambodia Issues New Regulatory Framework for Crypto

By Manesh Samtani | 30/12/2024

Banks can only have direct exposure to Group 1 cryptoassets. Services offered to customers can include other cryptoassets.

AML / KYC

FATF Publishes Six Mutual Evaluation, Four Follow-up Reports

By Editors | 28/12/2024

New reports available for Marshall Islands, Nauru, Timor Leste, PNG, Oman, Argentina, Georgia, Monaco, Croatia, Poland

Fintech / Regtech

Cambodia, Vietnam Launch Cross-Border QR Payments Linkage

By Sanday Chongo Kabange | 16/12/2024

The linkage allows Vietnamese and Cambodian visitors scan QR codes to make payments at merchants in each other’s countries.

Securities / Derivatives

Transitioning to T+1 Settlement: Challenges for Europe and Asia 

By Nithya Subramanian | 11/12/2024

DTCC’s Val Wotton discusses how Asia-based firms will be impacted by the transition to T+1 in the UK and Europe.

Capital / Liquidity

Bangladesh Bank Issues New Rules on Loan Classification, Provisioning

By Mark Johnston | 29/11/2024

The new guidelines introduce an ECL methodology-based provisioning system in line with IFRS 9, to be fully implemented by 2027.

Enforcement

Vietnam Property Tycoon Asked to Repay $11b to Avoid Execution

By Nithya Subramanian | 28/11/2024

Under Vietnamese law, if Lan can return three-quarters of the embezzled assets, the jury can consider a reduction in her sentence.

ESG / Sustainability

ASEAN Stock Exchanges to Issue RFI to Develop ESG Data Infrastructure

By Nithya Subramanian | 27/11/2024

The effort aims to enhance ESG data standardisation, attract global investors, and position ASEAN as a hub for sustainable development.