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AML / KYC
APG Publishes 2nd Follow-up Report on Pakistan
By Editors | 04/06/2021
Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.
AML / KYC
Philippine Financing, Lending Firms Must Register with AMLC by 21 June
By Editors | 04/06/2021
Newly covered financing and lending companies that fail to register with the AMLC by 21 June will incur penalties.
ESG / Sustainability
BSP Outlines Expectations for Banks on Sustainable Finance
By Sanday Chongo Kabange | 04/06/2021
Banks must establish environmental and social risk management systems and disclose their sustainability initiatives in their annual reports.
Fintech / Regtech
BOT Awards CBDC Contract to German Firm G+D
By Sanday Chongo Kabange | 03/06/2021
Bank of Thailand has plans to test the use of a retail CBDC within 2022 before full implementation over 3-5 years.
Fintech / Regtech
LINE to Roll Out Digital Banking Platform in Indonesia
By Ranamita Chakraborty | 03/06/2021
The launch will mean Japan’s LINE will be offering digital banking services in three of its biggest overseas markets, namely Indonesia, Thailand and Taiwan.
ESG / Sustainability
Transparency & Data Needed to Fuel Green Equity Growth
By ESG Investor | 03/06/2021
The evolving asset class still presents risks due to differing definitions, transparency levels and data quality, according to panellists at an ASIFMA conference.
Market Infrastructure
Vietnam’s Data Privacy Decree: the Tip of the Global Compliance Iceberg
By John Berven | 03/06/2021
Organisations can leverage lessons from implementing GDPR and other international data laws to address Vietnam’s new Personal Data Protection Act, writes John Berven.
Crypto / Digital Assets
DeFi May Be Subject to Licensing Requirement, Warns Thai SEC
By Sanday Chongo Kabange | 03/06/2021
The SEC warned that failure to obtain a licence for the issuance of digital tokens on DeFi platforms could be punishable under the Digital Assets Act.
Securities / Derivatives
Philippine SEC Issues Draft Guidelines for ASEAN CIS Framework
By Editors | 03/06/2021
The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.
Capital / Liquidity
BSP Sets Out Approval Procedures for Bad Loan Disposal
By Ranamita Chakraborty | 02/06/2021
The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.
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