ADVERTISEMENT
AML / KYC
Philippine SEC Tightens Rules on Beneficial Ownership of Shares
By Ranamita Chakraborty | 09/02/2021
New guidelines will require the disclosure of the identity of the beneficial owners of shares and prohibit the issuance of bearer shares.
Bangladesh Bank Ends Moratorium on Loan Repayments
By Duruthu E Chandrasekera | 09/02/2021
Coupled with the weaker debt repayment capacity of borrowers, Moody’s expects the move to cause a systemwide increase in the NPL ratio.
Crypto / Digital Assets
SEC Thailand Orders Crypto Exchange to Suspend Client Onboarding
By Ranamita Chakraborty | 08/02/2021
Bitkub needs to address five major issues before it can resume onboarding new clients, after high volume trading disrupted its systems in January.
Market Infrastructure
Cambodia Officially Launches New Retail Payments System
By Ranamita Chakraborty | 05/02/2021
The development of the new system, known as Retail Pay, was backed by a $8mn grant from the Korea International Cooperation Agency.
Indonesia Completes Merger of Three State Owned Banks
By Ranamita Chakraborty | 04/02/2021
With total assets of over $17bn, Bank Syariah Indonesia is now one of the largest sharia banks in the country.
AML / KYC
Philippines Enacts AML Amendments to Avoid FATF Grey List
By Ranamita Chakraborty | 04/02/2021
Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.
AML / KYC
Thailand to Introduce Rules for Digital Asset Wallet Providers
By Editors | 02/02/2021
The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.
Sanctions
Myanmar Banks Reopen Amid Military-led State of Emergency
By Manesh Samtani | 02/02/2021
Some foreign banks have launched emergency safety measures, ordering employees to stay at home or halting operations indefinitely.
Capital / Liquidity
CBSL Reduced Risk Weights on Bank Mortgage Loans
By Duruthu E Chandrasekera | 01/02/2021
The Sri Lankan central bank has lowered the risk weights applicable to credit risk for foreign claims on the central government and residential housing loans.
Fintech / Regtech
Reporting in Asia: Cutting Through Complexity
By Amy Kwan | 01/02/2021
Specialists from Bloomberg highlight the need for high-quality data and automation through technology to manage day-to-day reporting and ensure compliance.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team