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AML / KYC
NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case
By Editors | 18/04/2022
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.
Fintech / Regtech
Vietnam Rushes to Finalise Regulatory Framework for Fintech Activities
By Mark Johnston | 17/04/2022
The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.
Securities / Derivatives
BSEC Tightens Circuit Breaker Limit for Dhaka SME Board
By Editors | 15/04/2022
The SME board commenced trading last October and has seen volume spikes as a result of a waiver from a requirement for traders to register.
Bangladesh Bank Issues Revised CSR Reporting Form
By Mark Johnston | 14/04/2022
The new reporting form introduces a requirement to disclose whether banks and NBFIs are using external agencies, foundations or other third parties to conduct their CSR activities.
Crypto / Digital Assets
ASEAN Ministers, Central Banks Prioritise Financial Stability, Inclusion
By Sanday Chongo Kabange | 14/04/2022
Finance ministers and central bankers have committed to promoting financial stability, financial inclusion and banking integration in the ASEAN region.
Sri Lanka to Temporarily Stop Servicing Foreign Debt
By Manesh Samtani | 14/04/2022
The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.
Securities / Derivatives
Indonesia Stock Exchange to Allow Structured Warrant Listings
By Editors | 13/04/2022
New regulations allow exchange members to issue structured warrants for listing and trading on the IDX. Structured warrants must have a liquidity provider.
Capital / Liquidity
Controls at Vietnam Banks to Be Subject to Independent Audit
By Editors | 12/04/2022
Internal control systems at credit institutions and foreign bank branches in Vietnam will be subject to independent auditing, according to a new circular.
Fintech / Regtech
Bangladesh Bank Commences Work on Digital Bank Framework
By Editors | 12/04/2022
The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.
Crypto / Digital Assets
Indonesia to Start Taxing Crypto Investments, Fintech Services in May
By Editors | 10/04/2022
Indonesia will charge a capital gains tax and VAT on crypto transactions, as well as interest and fees generated from fintech services, starting on 1 May 2022.
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