OTHER ASIA PACIFIC

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    Capital / Liquidity

    Bank of Laos to Establish Centralised Foreign Exchange Market

    By Editors | 14/08/2024

    The central bank signed an MoU with 15 banks to establish the new platform, which will help the country move away from informal currency exchange channels.

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    Sanctions

    US Lawmakers Call for Sanctions on Bangladeshi Officials

    By Editors | 12/08/2024

    Six lawmakers are calling for sanctions on two Bangladeshi officials who were responsible for the use of “disproportionate, unlawful force” to suppress protesters.

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    Market Infrastructure

    Vietnam, Singapore Agree to Boost Stock Exchange Cooperation

    By Nithya Subramanian | 08/08/2024

    The Vietnam Stock Exchange and Singapore Exchange will work together to develop products and boost stock and derivatives listings.

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    AML / KYC

    The Case for Change: Leveraging GenAI in Anti-Financial Crime

    By Bradley Maclean | 07/08/2024

    GenAI’s emergence will revolutionise financial crime prevention, but a balanced approach that includes strict oversight will be key to maximising its benefits.

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    Sanctions

    Myanmar Punishes Exporters for Failure to Convert FX to Kyat

    By Editors | 05/08/2024

    Over 100 companies have had their export licences revoked. Their owners face potential jail time and asset confiscation.

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    Enforcement

    Singapore Recovers $40 Million in Email Scam Bust

    By Nithya Subramanian | 05/08/2024

    Collaboration between the SPF, Timor-Leste authorities and INTERPOL led to the largest business email compromise scam recovery.

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    Securities / Derivatives

    PASLA Publishes APAC Securities Lending Market Guide 2024

    By Editors | 26/07/2024

    The guide provides information on securities finance markets across APAC, including recommendations for promoting more openness, transparency and efficiency.

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    Fintech / Regtech

    Cambodia to Allow Tourists to Use Bakong Payment App

    By Nithya Subramanian | 23/07/2024

    Tourists visiting Cambodia will be able to download the Bakong app and use a credit card from their home country to top up the wallet.

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    AML / KYC

    Thai Banks Urged to Tighten Scrutiny of Myanmar Transactions

    By Editors | 20/07/2024

    Thai Foreign Minister told parliament that the government will meet with banks regarding their due diligence processes for Myanmar transactions.

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    Vietnam Banks Can Resume Investment-linked Insurance Business

    By Nithya Subramanian | 17/07/2024

    The decision allows banks to resume selling investment-link insurance products, after the activity was prohibited in March.

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