Other Asia Pacific

Payments & Settlements

CBM Inspects MyanmarPay Pilot Ahead of December Launch

By Nithya Subramanian | 23/10/2024

The national project aims to integrate QR payments across banks and financial service providers, with phased testing currently underway.

Resolution & Recovery

Vietnam Regulator Orders Mandatory Takeover of Two Troubled Banks

By Nithya Subramanian | 22/10/2024

The SBV ordered the transfer of Vietnam Construction Bank to Vietcombank and OceanBank to Military Commercial Bank to address bad debts.

PEPs & Sanctions

OFAC Fines Beverage Company for Violating DPRK Sanctions

By Editors | 18/10/2024

Vietnam Beverage Company Limited subsidiaries sold beer and spirits to North Korea, with the payments processed through US correspondent banks.

Payments & Settlements

UnionPay to Enable Cross-Border QR Payments for Vietnam

By Mark Johnston | 18/10/2024

Users of Vietnamese banking apps and e-wallets will be able to scan UnionPay QR codes for payments in the mainland.

Payments & Settlements

Cambodia Working to Launch Multi-currency KHQR Codes

By Nithya Subramanian | 27/09/2024

The NBC is working to launch unified KHQR codes that can accept payments using both the riel and US dollar.

Fraud, Scams & Cybercrime

Vietnam: Death Row Tycoon Faces Additional Fraud Charges

By Nithya Subramanian | 26/09/2024

Truong My Lan, who was already sentenced to death, is now on trial for a series of other money laundering and fraud charges.

Trading & Investment

Vietnam Eases Pre-Funding Rules for Foreign Investors

By Nithya Subramanian | 24/09/2024

Securities firms will be able to place orders for foreign institutional investors before they have deposited the required funds in their accounts.

Fraud, Scams & Cybercrime

Korea Dismantles Mobile Smishing Crime Organisation in Vietnam

By Editors | 24/09/2024

Seven key members of the organisation, including the ringleader, were apprehended. Three have since been repatriated to South Korea.

Anti-Money Laundering

Singapore FIU Seeks Information on Bangladeshi Conglomerate

By Nithya Subramanian | 20/09/2024

The STRO asked the BFIU to provide details on S Alam Group, a Bangladeshi conglomerate that is suspected of money laundering.