OTHER ASIA PACIFIC

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    Enforcement

    Sri Lanka Adopts Law to Enable Confiscation of Crime Proceeds

    By Mark Johnston | 30/04/2024

    Sri Lanka’s Cabinet approved a law that enables the tracing and confiscation of criminal proceeds, including to retrieve assets hidden overseas.

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    AML / KYC

    GCFFC Estimates Human Trafficking Proceeds at $498b for 2024

    By Manesh Samtani | 28/04/2024

    APAC has the most human trafficking victims compared to other regions, including in terms of forced criminality, forced marriages, and sexual exploitation.

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    Securities / Derivatives

    Bangladesh Tightens Circuit Breaker Limit for Listed Stocks

    By Ajoy K Das | 27/04/2024

    BSEC said the decision to tighten the circuit breaker’s lower limit was made in the interest of investors and securities market.

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    Capital / Liquidity

    Asia-Pacific’s Long March Towards the Basel Endgame

    By Blake Evans-Pritchard | 26/04/2024

    Those who think we’ve heard the last about the framework’s implementation should think again.

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    Sanctions

    Pakistan, Iran Agree to ‘Expeditiously’ Finalise Trade Agreement

    By Editors | 25/04/2024

    Pakistan and Iran aim to increase bilateral trade, cooperate on energy, and complete a gas pipeline project. The US has warned Pakistan of the risk of sanctions.

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    Sanctions

    US Sanctions Four Entities Over Pakistan Missile Inputs

    By Editors | 21/04/2024

    One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.

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    Capital / Liquidity

    Vietnam Court Sentences Property Tycoon to Death Over $12b Fraud

    By Nithya Subramanian | 12/04/2024

    Truong My Lan was found guilty of siphoning money from Saigon Joint Stock Commercial Bank and bribing officials to cover up the fraud.

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    Fintech / Regtech

    AI Deepfakes: An Insidious Threat and Real Challenge for FIs

    By Nithya Subramanian | 11/04/2024

    As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.

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    Capital / Liquidity

    Bangladesh Bank Tightens Loan Classification Norms

    By Ajoy K Das | 10/04/2024

    Banks will need to treat loans as non-performing the day after a missed instalment starting from 31 March 2025.

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    Capital / Liquidity

    Bangladesh Bank Issues New Guidelines on Bank Mergers

    By Ajoy K Das | 06/04/2024

    Bangladesh Bank will offer regulatory relaxations and policy support to banks or NBFIs that merge with weak banks.

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