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Anti-Money Laundering
CBSL Calls on Public to Report Illegal FX Dealers
By Duruthu E Chandrasekera | 03/03/2022
The public is asked to inform the Foreign Exchange Department of CBSL of any person, institution or any other entity that is engaged in unauthorized FX dealings.
Emerging Prudential Risks
Bangladesh to Extend Deposit Protection to NBFIs
By Editors | 01/03/2022
Currently only bank depositors are protected and customers of other types of deposit-taking financial institutions are not covered.
Anti-Money Laundering
US Regulators Fine National Bank of Pakistan $55m for AML Violations
By Sanday Chongo Kabange | 01/03/2022
National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.
Sustainable Finance
BIS Launches Green Bond Fund Dedicated to APAC Region
By Editors | 28/02/2022
This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.
Credit Risk
Bangladesh Bank Relaxes Credit Risk Rating System
By Editors | 27/02/2022
The relaxation will allow for easier issuance of loans and credit, thereby helping to accelerate business activities across the country, Bangladesh Bank said.
Trading & Investment
BSEC Reduces Minimum Investment Limit for SME Boards
By Editors | 27/02/2022
The BSEC eased the limit in response to requests from merchant bankers. Stock exchanges are directed to provide registration to investors free of cost.
Structural Regulation
SET Revises Rules to Encourage Listings by Foreign Firms
By Editors | 24/02/2022
Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.
Payments & Settlements
Bank Indonesia Deepens Ties with BOK Under New MoU
By Editors | 20/02/2022
The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
Payments & Settlements
Sri Lanka Launches National Remittance Mobile App
By Duruthu E Chandrasekera | 20/02/2022
The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.
Payments & Settlements
Bangladesh Revises Rules on Mobile Financial Services
By Sanday Chongo Kabange | 17/02/2022
The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.
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