Other Asia Pacific

Fintech / Regtech

Cambodia, Hong Kong Eye Payment System Connectivity

By Editors | 06/05/2025

A proposed MoU between NBC and HKMA would focus on payment system connectivity and collaboration on foreign exchange and reserve management.

Fintech / Regtech

Vietnam Approves P2P Lending Trials in Fintech Sandbox

By Nithya Subramanian | 06/05/2025

The pilot establishes a regulatory testing ground for digital lending, credit scoring, and API-based data sharing. Foreign banks are excluded from participation.

Capital / Liquidity

Bangladesh: Dozens of Banks Miss Deadline to Financial Annual Reports

By Manesh Samtani | 05/05/2025

23 of Bangladesh’s 36 listed banks are waiting for the central bank’s approval to finalise their annual financial reports so they can report results to their boards and shareholders.

Securities / Derivatives

Sri Lanka: CSE Announces Rule Amendments to Establish CCP

By Manesh Samtani | 04/05/2025

The CSE announced rule amendments to operationalise the CCP, known as CSE Clear. An effective date wasn’t stated, but the launch is expected by early August.

Fintech / Regtech

Cambodia, Japan to Enable Cross-border QR Payments

By Editors | 04/05/2025

In Phase 1, Cambodian Bakong users will be able to make payments in Japan by scanning JPQR. In Phase 2, Japanese users will be able to pay in Cambodia by scanning KHQR.

AML / KYC

FinCEN Moves to Cut Off Cambodia’s Huione Group from US Financial System

By Nithya Subramanian | 02/05/2025

FinCEN said Huione Group laundered over $4 billion in illicit funds linked to North Korean cyber heists and cryptocurrency scams across Southeast Asia.

Enforcement

Vietnam Property Tycoon has Sentence Reduced After Repaying Victims

By Mark Johnston | 28/04/2025

Property tycoon Truong My Lan has a life sentence for bond fraud reduced to 30 years, but is still facing execution on other charges.

Fintech / Regtech

Culture and Conduct as the New Moat in APAC’s Wealth Sector

By Mary Leung | 28/04/2025

Traditional competitive advantages are fading in APAC’s booming wealth management sector, making a strong client-centric culture the new key to success, writes Mary Leung.

Capital / Liquidity

Vietnam to Further Bolster Credit for Key Sectors as US Tariffs Bite

By Mark Johnston | 27/04/2025

The SBV is directed to maintain financial market stability and ensure credit is channelled towards sectors hit hardest by US tariffs.