Other Asia Pacific

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    Fintech / Regtech

    Financial Sector Urged to Develop AI Governance Frameworks

    By Ranamita Chakraborty | 17/01/2024

    Industry experts are calling upon the financial sector to proactively prepare for GenAI regulation, considering technological advancements and ethical considerations.

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    AML / KYC

    Vietnam: SBV Directs Banks to Strengthen AML Controls

    By Sanday Chongo Kabange | 08/01/2024

    The directions come after Vietnam implemented a new AML law in 2022 and “Decree 19” in April 2023 to support implementation.

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    Capital / Liquidity

    HK, UAE Bank Associations Agree to Strengthen Industry Ties

    By Nithya Subramanian | 04/01/2024

    The two will work together to promote cooperation on various banking industry activities, including exploring RMB busine****ss opportunities.

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    ESG / Sustainability

    Bangladesh Issues Guideline on Sustainability, Climate Disclosures

    By Ajoy K Das | 27/12/2023

    The guideline is based on IFRS S1 and S2 and applicable to all banks and finance companies.

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    Fintech / Regtech

    Cambodia, China Launch Cross-border QR Payment Link

    By Editors | 27/12/2023

    Visitors from China can use UnionPay-enabled mobile apps to scan KHQR codes in Cambodia. By early 2024, Cambodian residents will be able to use their Bakong wallets in China.

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    Sanctions

    US Sanctions Companies Across Asia for Procuring Parts for Iranian UAVs

    By Editors | 20/12/2023

    OFAC sanctions targets in Hong Kong, Indonesia, and Malaysia as DOJ indicts Iranian and Chinese nationals.

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    Securities / Derivatives

    BSEC Sets New Deadline for Insider Trading Guidelines

    By Ajoy K Das | 20/12/2023

    The regulator had set a deadline but most listed companies failed to comply by the deadline seven months ago.

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    Fintech / Regtech

    Japan, Cambodia Agree to Establish Cross-border QR Payment Link

    By Editors | 19/12/2023

    Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.

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    Enforcement

    Bangladesh Bank Releases New PCA Framework for Commercial Banks

    By Ajoy K Das | 08/12/2023

    To protect the interest of depositors and ensure proper management, banks will be placed under four categories based on NPLs and CRAR.

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    Crypto / Digital Assets

    Solomon Islands Central Bank Starts Testing CBDC

    By Editors | 08/12/2023

    The central bank is testing the CBDC for retail transactions, P2P transfers, interbank transactions, and cross-border payments.

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