Other Asia Pacific

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.

Fintech / Regtech

Cambodia Launches Bakong App for International Travellers

By Nithya Subramanian | 27/08/2024

The Bakong Tourists App is expected to help promote tourism while also encouraging greater use of the local currency.

Securities / Derivatives

BSEC Launches Probe into Management of Stock Exchanges

By Ajoy K Das | 23/08/2024

BSEC established investigative committees to audit the management function of the Dhaka and Chittagong stock exchanges.

AML / KYC

Binance and Macau Police Launch Campaign to Combat Scams

By Editors | 23/08/2024

Binance has partnered with the Macau Judiciary Police to launch an anti-scam campaign, aiming to protect users from the risk of fraud in the digital space.

Fintech / Regtech

China, Vietnam Sign MOU on Cross Border Payment Connectivity

By Editors | 22/08/2024

The PBOC and SBV signed an MOU focusing on local currency settlement, currency swaps, and cross-border payment connectivity.

ESG / Sustainability

BSP, NBC to Cooperate on Payment System Connectivity, Digital Finance

By Sanday Chongo Kabange | 22/08/2024

The central banks will collaborate on payment connectivity, digital finance innovation, AI, cyber security, and sustainable finance.