Other Asia Pacific

AML / KYC

Pakistan Passes Bill to Establish New AML/CFT Authority

By Editors | 04/08/2023

State Minister for Foreign Affairs Hina Rabbani Khar said the legislation will help to ensure Pakistan remains off the FATF grey list.

AML / KYC

Mongolia Becomes First APAC Country to Implement All FATF Recommendations

By Ranamita Chakraborty | 03/08/2023

While the 40 FATF Recommendations are not legally binding international conventions, Mongolia sees full compliance as validation for its efforts to improve anti-money laundering capabilities.

ESG / Sustainability

SGX-listed Companies Score High in Corporate Governance Study

By Ranamita Chakraborty | 03/08/2023

A recent study assessed the corporate governance practices of Singapore-listed companies, covering board responsibilities, rights of shareholders, engagement of stakeholders, accountability and audit, and disclosure and transparency.

ESG / Sustainability

How will Asia be Impacted by the EU Deforestation Regulation?

By Ranamita Chakraborty | 02/08/2023

Asia’s rapidly eroding forests are in the limelight following the EU Deforestation Regulation passed in April 2023. How will the regulation affect Asia?

Market Infrastructure

Bangladesh Halts InterBank Transactions Due to RTGS System Glitch

By Editors | 01/08/2023

Bangladesh’s RTGS system faced technical issues, halting inter-bank transactions. Transactions through the RTGS system resumed the next day.

AML / KYC

SBV Issues Circular on Money Laundering Prevention and Control

By Mark Johnston | 01/08/2023

The circular specifies the obligations of reporting entities, including obligations to report high-value and suspicious transactions.

Big Picture

Publicly Traded Companies Globally Fall Short in Codes of Conduct: Study

By Ranamita Chakraborty | 27/07/2023

LRN’s study on 200 top-traded companies in Asia, Europe and North America found that only 17 percent of them had highly effective codes of conduct.

Sri Lanka Designates Indian Rupee as Permitted Currency

By Duruthu E Chandrasekera | 25/07/2023

Travellers from India will be able to directly use INR in Sri Lanka. Trade settlements between the two countries can also occur in INR.

Capital / Liquidity

Sri Lanka Approves New Central Bank Act

By Duruthu E Chandrasekera | 24/07/2023

A separate governing board will be formed in addition to the monetary policy board to improve bank oversight and reduce conflicts of interest.