OTHER ASIA PACIFIC

Big Picture

FS-ISAC Outlines Cyber Threats Facing FIs in 2025

By Manesh Samtani | 20/05/2025

New report highlights growing cyber threats facing the financial sector, driven by emerging technologies, scam networks, and geopolitical instability.

Market Infrastructure

Bangladesh Shifts to Market-based Exchange Rate

By Editors | 20/05/2025

Bangladesh has adopted a more flexible, market-driven exchange rate to bolster its FX reserves and meet conditions set by the IMF.

AML / KYC

Unraveling the Web: How Complex Structures Can Undermine AML Compliance

By Nathan Lynch | 19/05/2025

Former APG executive secretary Gordon Hook highlights the need for vigilance and nuanced due diligence to combat illicit fund flows through complex corporate structures.

AML / KYC

APAC Regulators to Collaborate on Online Investment Scams

By Sanday Chongo Kabange | 16/05/2025

The SFC said it has forged regional consensus on regulatory collaboration to combat online scams at IOSCO’s annual meeting.

Market Infrastructure

DFM and TWSE to Boost Cross-Border Capital Market Cooperation

By Nithya Subramanian | 12/05/2025

DFM and TWSE will explore opportunities to list financial products on each other’s markets, including ETFs and related equity products.

Enforcement

Chinese Businessman Arrested in Vietnam Over $165m Fraud

By Editors | 12/05/2025

The businessman was apprehended in Vietnam and handed over to Chinese authorities after having fled China in 2023.

Korea Development Bank to Advance Vietnam Expansion

By Editors | 12/05/2025

After a six-year wait, KDB received a letter from SBV confirming that all the required document submissions have been completed.

Market Infrastructure

Sri Lanka Steps Up Incident Reporting Requirements for Banks

By Manesh Samtani | 12/05/2025

Banks have to report incidents such as hacking, ransomware, digital scams and unplanned system outages within two hours of detection

Capital / Liquidity

Vietnam to Present Draft Law in May to Address Bad Debts

By Nithya Subramanian | 08/05/2025

Banks are currently facing legal and operational obstacles in recovering bad debts. The new law could help streamline recoveries.