Other Asia Pacific

Securities / Derivatives

Sri Lanka SEC Calls on Stockbroking Firms to Improve Governance

By Duruthu E Chandrasekera | 20/09/2023

SEC chairman asked brokerage firms to improve their understanding of compliance requirements and invest more in technology and infrastructure.

Crypto / Digital Assets

Industry Collaboration Driving Digital Asset Ecosystem Growth

By Ranamita Chakraborty | 20/09/2023

At the Digital Assets Week Singapore, MAS highlighted its focus on bringing the private and public sectors to grow the digital asset ecosystem.

AML / KYC

Sri Lanka Publishes First National Risk Assessment Since 2014

By Duruthu E Chandrasekera | 16/09/2023

The highest risks were identified among informal money remitters, real estate agents, banks and finance companies.

Securities / Derivatives

Sri Lanka SEC Approves New Listing Rules for SOEs

By Duruthu E Chandrasekera | 14/09/2023

A new transitionary board will be set up, allowing SOEs to list and progressively transition to a listing on one of the CSE’s existing boards.

AML / KYC

APG Releases Mutual Evaluation Report for Nepal

By Manesh Samtani | 12/09/2023

Nepal’s AML/CFT regime has undergone significant reform since its 2011 mutual evaluation, however further legislative amendments are needed.

ESG / Sustainability

Sri Lanka Revises Corporate Governance Rules for Listed Companies

By Duruthu E Chandrasekera | 12/09/2023

The revisions will help to build investor confidence and better align corporate governance practices in Sri Lanka with international standards.

Sanctions

Bangladesh Banks Directed to Stop Transacting With Myanmar State Banks

By Editors | 07/09/2023

Citing US sanctions, Bangladesh Bank instructed banks to stop transacting with Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank.

AML / KYC

APG Spotlights Money Laundering Associated With Tax Crimes

By Manesh Samtani | 06/09/2023

A key and “almost universal” element of money laundering associated with tax crimes is the concealment of beneficial ownership, APG says in a new report.

AML / KYC

Sri Lanka FIU Issues AML Guidelines for Legal Professionals

By Duruthu E Chandrasekera | 02/09/2023

Every legal professional is required to appoint a Compliance Officer to ensure compliance, and submit STRs to the FIU.