Other Asia Pacific

Securities / Derivatives

Thailand Set to Launch ID Checking System for Foreign Bond Investors

By Mark Johnston | 08/12/2021

Beginning 4 January 2022, all non-resident investors trading debt securities must register with the BOT and settle trades through segregated securities accounts.

Fintech / Regtech

BSP Urges Rural Banks to Promote Financial Inclusion Through Tech

By Mark Johnston | 07/12/2021

As of end-June 2021, there were over 3,000 rural banks nationwide. However, only 21 of them offer PESONet and 11 offer InstaPay for electronic fund transfer services.

AML / KYC

CBSL to Prosecute Remittances via Informal Channels Under AML Law

By Duruthu E Chandrasekera | 07/12/2021

Foreign workers have been using Hawala channels for remittances, as they offer better rates than formal banking channels.

Fintech / Regtech

Thai SEC to Require Crypto Wallet Providers to be Licensed

By Editors | 06/12/2021

Custody and wallet providers required to obtain information identifying the account owners of wallets. New guidelines coming on the use of crypto in payments.

Fintech / Regtech

Philippine SEC Seeks Funding Boost to Support Digital Transformation

By Mark Johnston | 06/12/2021

The SEC is seeking PHP 2.6 billion over a five year period to implement sweeping digital transformation initiatives, including to upgrade existing systems.

Fintech / Regtech

OJK Launches Five Year Roadmap for Rural Bank Development

By Mark Johnston | 06/12/2021

Indonesia’s OJK has launched a five year development roadmap for the country’s rural banks and Sharia rural banks.

Securities / Derivatives

Thai SEC Seeks to Smooth Transition to Mandatory Pension

By Editors | 05/12/2021

The SEC proposes changes to reduce the chance of voluntary provident funds being dissolved or liquidated, which it says could impact THB 1.3 trillion in capital market investments.

Market Infrastructure

Thai SEC to Enhance Capital Market Resilience to Cyber Risk

By Editors | 04/12/2021

Under revised rules, market participants are required to and enhance cybersecurity control measures, vulnerability assessments, penetration testing and third-party access controls.

AML / KYC

Environmental Crime, A Global Security Issue

By Manesh Samtani | 01/12/2021

Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.