OTHER ASIA PACIFIC

AML / KYC

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.

Capital / Liquidity

Bangladesh Bank to Guarantee Loans Extended to Distressed Banks

By Ajoy K Das | 20/09/2024

Stronger banks will provide loans to five distressed banks, protected by guarantees from the central bank.

Fintech / Regtech

Malaysia, Cambodia Launch Cross-border QR Payment Linkage

By Nithya Subramanian | 20/09/2024

The first phase will allow Cambodian users to make instant retail payments in Malaysia by scanning DuitNow QR codes.

Capital / Liquidity

Sri Lanka Approves Offshore Banking Rules for Special Economic Zone

By Ajoy K Das | 17/09/2024

7 local banks and 3 international banks are reported to be in talks to establish offshore banking units in the Colombo Port City Special Economic Zone.

AML / KYC

Bangladesh Bank Forms Task Force on Banking Sector Reforms

By Ajoy K Das | 17/09/2024

The task force, led by BB governor Ahsan H Mansur, will assess current conditions in the banking sector and propose regulatory reforms.

AML / KYC

OFAC Sanctions Cambodian Tycoon for Scam Centre Operations

By Manesh Samtani | 13/09/2024

Billionaire Ly Yong Phat was sanctioned for his role in human trafficking and human rights abuses tied to scam centre operations he controls in Cambodia.

AML / KYC

State Bank of Vietnam Tightens Grip on Account Fraud – Report

By Nithya Subramanian | 11/09/2024

Financial institutions are now required to provide monthly updates on accounts showing signs of fraud or other legal violations.

Securities / Derivatives

Tokyo Bourse Secures New Partners for ‘TSE Asia Startup Hub’

By Nithya Subramanian | 03/09/2024

Malaysia’s VentureTECH is among the firms participating in the TSE initiative, which seeks to attract IPOs from across the region.

ESG / Sustainability

Vietnam to Pilot Carbon Credit Exchange in 2025

By Mark Johnston | 28/08/2024

HNX and VSD are asked to launch a pilot carbon credit exchange in 2025, to help Vietnam achieve its net-zero emissions by 2050.