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AML / KYC
APG Re-rates Sri Lanka on One FATF Recommendation
By Editors | 11/11/2021
Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.
Fintech / Regtech
Indonesia, UAE to Cooperate on Payments, Fintech, AML
By Editors | 11/11/2021
Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.
ASEAN Sectoral Bodies Publish Taxonomy for Sustainable Finance
By Mark Johnston | 11/11/2021
The ASEAN Sectoral Bodies make inclusivity and credibility central to the regional taxonomy for sustainable finance.
Market Infrastructure
Bank Indonesia Set to Launch Faster Payment System
By Sanday Chongo Kabange | 11/11/2021
‘BI-Fast’ will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.
Big Picture
World Bank Urges East Asian, Pacific Jurisdictions to Address NPLs
By Ranamita Chakraborty | 11/11/2021
A new report from the World Bank offers recommendations for East Asian and Pacific countries on addressing pandemic-related non-performing loans.
Market Infrastructure
Singapore, Philippines to Pursue Cross Border Payment Links
By Editors | 08/11/2021
MAS and the BSP have agreed to pursue real time and QR payment systems links to enable instant, seamless and low-cost cross-border payments.
Philippines Streamlines Bank Merger Application Processes
By Editors | 07/11/2021
A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.
Market Infrastructure
New Alliances Target Energy Infrastructure, Lower Emissions
By Mark Johnston | 05/11/2021
The GEAPP has committed $100bn to clean energy infrastructure. ADB announced a plan to finance early closures of coal plants in Indonesia and the Philippines.
Fintech / Regtech
OJK Indonesia Directs Banks to Prioritise Digital Transformation
By Editors | 02/11/2021
OJK says banks need to prioritise digital transformation to improve their competitiveness and ensure the overall resilience of the banking sector.
AML / KYC
IFC to Develop e-KYC Infrastructure for Bangladesh
By Editors | 31/10/2021
International Finance Corporation will help Bangladesh’s FIU develop e-KYC infrastructure to advance digital transformation and financial inclusion.
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