All posts tagged "CBM"
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680AML / KYCMyanmar Central Bank Revokes Licence of Local Bank
An investigation that started in 2017 found irregularities with the funding Asia Yangon Bank planned to use to meet its paid-up capital requirements.
March 26, 2020 -
582Asia-Pacific
Myanmar Credit Bureau to Commence Operations in April
It will take up to one year for the credit bureau to collect sufficient and meaningful credit data on local businesses before it will be provided to lenders.
February 26, 2020 -
730Asia-Pacific
Myanmar to Issue New Licences to Foreign Banks
Foreign banks that have had a representative office in Myanmar for at least three years can apply for a branch licence or a subsidiary licence.
January 20, 2020 -
809AML / KYCMyanmar Announces Licensing Framework for Remittance Providers
The move is aimed at providing a cost-effective channel for the legal movement of money into Myanmar and reduce the use of illegal money transfer brokers.
November 26, 2019 -
995Asia-Pacific
Myanmar to Open Applications for Foreign Bank Licensing
Branch licences will allow wholesale banking activities, while subsidiary licences will permit retail banking services in addition to wholesale banking.
November 9, 2019 -
1.2KAsia-Pacific
Myanmar Allows Foreign Banks to Set Up Local Subsidiaries
Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
May 25, 2019 -
1.0KAsia-PacificSingapore’s NETS to Co-Develop QR Payment System in Myanmar
Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.
April 30, 2019 -
1.0KAsia-PacificPayments Connectivity Sees Continued Progress in ASEAN
Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.
April 10, 2019 -
797EnforcementHong Kong Finance Manager Convicted of Insider Dealing
A GEM stock finance manager was in possession of inside information related to unaudited losses and an impending share suspension when he and his father sold their shares in the company.
February 21, 2019 -
1.1KAsia-Pacific
Myanmar’s First Credit Bureau to Become Operational Within a Year
Using software from Equifax, the new credit bureau will enable lenders to use credit histories to calculate bad debt risk and potentially lower the need for collateral.
December 17, 2018
