Other Asia Pacific

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    AML / KYC

    Vietnam Made “Minimal Progress” to Address AML Deficiencies

    By Manesh Samtani | 27/06/2024

    Vietnam was upgraded on just one recommendation for strengthening its correspondent banking requirements. The country is moved to enhanced follow-up.

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    Securities / Derivatives

    Bangladesh’s First ETF Launch Delayed Due to Poor Investor Interest

    By Ajoy K Das | 27/06/2024

    LankaBangla Asset Management seeks further extension of subscription period after funds collected fall short of minimum requirement.

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    AML / KYC

    Vietnam to Require Biometric Authentication for Money Transfers

    By Editors | 26/06/2024

    The new regulation also prohibits individuals from buying, selling, renting, leasing, or borrowing transaction accounts.

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    ESG / Sustainability

    Pacific Island Nations Commit to Inclusive Green Finance

    By Mark Johnston | 25/06/2024

    The central banks of seven Pacific island nations signed a roadmap committing them to working together to boost inclusive green finance as a priority.

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    AML / KYC

    Myanmar Junta Targets Privately Owned Yoma Bank and CEO

    By Editors | 22/06/2024

    Yoma Bank and its CEO are being investigated by the military junta for transferring assets to Thailand and offering financing for overseas real estate purchases.

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    Securities / Derivatives

    Bangladesh Tightens Norms for Appointment of Auditors

    By Ajoy K Das | 20/06/2024

    Market intermediaries are only allowed to appoint auditors from firms that are approved by BSEC. Errant auditors can be declared ineligible.

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    Enforcement

    Fractional Real Estate Sales Halted by Vietnam Regulator

    By Mark Johnston | 19/06/2024

    The SSC has halted fractional real estate sales in Vietnam by a securities firm, citing a lack of specific regulations and investor safety concerns.

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    AML / KYC

    Sri Lanka Sign New MoUs to Help Combat Illicit Finance

    By Ajoy K Das | 19/06/2024

    Sri Lanka’s FIU signed two new information exchange agreements, one with the bribery commission and the other with its counterpart in Bahrain.

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    Singapore, Cambodia Launch Financial Transparency Corridor

    By Editors | 19/06/2024

    The initiative will enable better credit risk assessments by participating FIs in both countries and improve access to financing for SME trade.

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    Capital / Liquidity

    How Asian Regulators Have Been Reflecting on 2023 Bank Failures

    By Blake Evans-Pritchard | 18/06/2024

    Asian regulators have been looking at whether the kinds of bank failures that occurred last year could also take place in their home markets.

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