Philippines

AML / KYC

BSP Sets Virtual Currency Exchange Rules

By Samuel Riding | 09/02/2017

New guidelines aim to regulate digital currencies used in financial services delivery to curb AML, CTF.

Capital / Liquidity

Philippines Central Bank Governor Declines Reappointment

By Samuel Riding | 08/02/2017

Amando Tetangco has served for 12 years; 3 monetary board members to also step down.

AML / KYC

Philippine AMLC Chief Quits

By Samuel Riding | 01/02/2017

Resignation follows last year’s harsh criticism from president Duterte.

AML / KYC

Bangladesh Central Bank to Install New SWIFT System

By Samuel Riding | 30/01/2017

New cybersecurity system aims to avoid ‘unwanted incidents’ in overseas payments.

Capital / Liquidity

Slow Progress on ASEAN Banking Integration

By Samuel Riding | 26/01/2017

Fitch Ratings suggests full integration a ‘very distant goal’.

AML / KYC

Philippines Tightens Money Service Rules

By Samuel Riding | 23/01/2017

New rules limit cash transactions, require compliance with Anti-Money Laundering Act provisions.

AML / KYC

Philippine Authorises ‘Cash Agents’ in Financial Inclusion Drive

By Samuel Riding | 20/01/2017

Banks will be allowed to use off-site agents, including at convenience stores, to provide withdrawals, conduct KYC.

AML / KYC

Bangladesh to Delay Heist Report Until Money Recovered

By Samuel Riding | 19/01/2017

Central bank officials accused of negligence in theft of $81 million.

Philippine SEC Drafts Structured Warrant Listing Rules

By Samuel Riding | 17/01/2017

New rules will allow financial products attached with other assets to be registered and traded.