Other Asia Pacific

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    AML / KYC

    FATF Releases Mutual Evaluation Report for Brunei

    By Manesh Samtani | 30/08/2023

    The report notes that Brunei has a new framework on beneficial ownership transparency, but that it is experiencing implementation challenges.

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    UN Report Calls for Action to Address Scam Operations in Southeast Asia

    By Sanday Chongo Kabange | 30/08/2023

    The report says people who are forced to work in scamming operations endure “inhumane treatment” and should be treated as victims, not criminals.

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    AML / KYC

    Laos AML/CFT Regime Has “Significant Deficiencies” – FATF

    By Manesh Samtani | 30/08/2023

    Laos is rated “non-compliant” on nine of the FATF’s 40 recommendations, and “partially compliant” on 22 recommendations.

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    Securities / Derivatives

    DSE Seeks Rule Relaxations to Boost Alternative Trading Board

    By Editors | 28/08/2023

    The ATB was launched this January but has failed to attract investors and still has only two securities listed.

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    Market Infrastructure

    Vietnam Joins ASEAN Payment Connectivity Initiative

    By Sanday Chongo Kabange | 28/08/2023

    The inclusion of the SBV has increased the Regional Payment Connectivity group from five to six ASEAN central banks.

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    Market Infrastructure

    Vietnam to Launch New Securities Trading System in December

    By Editors | 26/08/2023

    The new system has already been delayed several years due to the Covid-19 pandemic and other factors. Securities firms are still behind schedule on testing.

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    Sri Lanka Issues New Consumer Protection Regulations

    By Duruthu E Chandrasekera | 24/08/2023

    Aggressive sales practices, abusive debt recovery practices, and excessive fees and interest charges are prohibited.

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    Enforcement

    BSEC Forms Committee to Investigate Stock Market Rumours

    By Mark Johnston | 24/08/2023

    Recent rumours have involved the removal of the floor price, the resignation of BSEC’s chairman, and institutional investor sell-offs.

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    AML / KYC

    China, Thailand, Myanmar, Laos Launch Joint Police Operation

    By Editors | 22/08/2023

    Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.

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    Fintech / Regtech

    Cambodia, Laos Launch Cross-border QR Payment Link

    By Editors | 21/08/2023

    A second phase of the cross-border payments link between Cambodia and Laos is expected to launch in Q4 2023.

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