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AML / KYC
North Korea Executes Currency Trader in FX Crackdown: Report
By Editors | 30/11/2020
North Korea is tightening controls over its economy and the use of foreign currency, amid a near 20% appreciation of the won over the US dollar in recent months.
Securities / Derivatives
TFEX Announces Launch of Japanese Rubber Futures Contract
By Editors | 29/11/2020
The cash-settled rubber futures contract will use the Osaka Exchange’s RSS3 futures delivery prices as settlement prices on the Thailand Futures Exchange.
Capital / Liquidity
BSP Issues Draft Rules for Islamic Bank Liquidity Management
By Editors | 29/11/2020
Due to the limited availability of liquidity management instruments which are appropriate for Islamic banks and banking units, the BSP will adopt a flexible approach to compliance.
Market Infrastructure
Indonesia Prepares to Launch Sovereign Wealth Fund
By Manesh Samtani | 29/11/2020
Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.
AML / KYC
Cambodia Enacts Law to Regulate Local Gaming Industry
By Sanday Chongo Kabange | 29/11/2020
The new law seeks to address a FATF requirement for Cambodia to implement risk-based supervision for casinos, while also helping to further develop the gaming sector.
Uncategorised
Myanmar Launches New Interbank Payment, Settlement System
By Sanday Chongo Kabange | 29/11/2020
Modelled after Japan’s national payment system, the new system is expected to enhance straight-through processing between the central bank and FIs.
Fintech / Regtech
Philippine Central Bank Introduces Digital Banking Framework
By Editors | 27/11/2020
Foreign individuals and non-bank corporations are allowed to hold up to 40% of a digital bank’s voting shares, while foreign banks are allowed to hold up to 100%.
AML / KYC
Philippines Approves House Bill to Strengthen AML Law
By Editors | 26/11/2020
The amendments will bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.
Market Infrastructure
BOT Relaxes Investment Restrictions to Hold Down Baht
By Editors | 26/11/2020
The changes will make it easier for residents to invest overseas and hold foreign currency at local banks. ETFs tracking foreign securities will be allowed to list in Thailand.
Uncategorised
SEC Thailand Proposes Rules to Support Sustainability-Linked Bonds
By Sanday Chongo Kabange | 24/11/2020
The proposed regulations, based on ICMA’s Sustainability-Linked Bond Principles, will help issuers fund the sustainable transformation of their businesses
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