Other Asia Pacific

Fintech / Regtech

Korea, Thailand Sign MoU on Financial Services Regulation

By Sanday Chongo Kabange | 25/09/2020

The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.

Securities / Derivatives

Sri Lanka SEC to Procure New Surveillance System

By Duruthu E Chandrasekera | 24/09/2020

The SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.

AML / KYC

FinCEN Files: Philippine Money Remitters Named in SARs

By Manesh Samtani | 23/09/2020

Philrem and Werquick used local banks to wire funds for unidentified customers without identifying source of funds, the true beneficiary, or the purpose of the transactions.

BSP Orders Mandatory 60-Day Moratorium on All Loans

By Sanday Chongo Kabange | 23/09/2020

Lenders are asked to implement a mandatory one-time 60-day grace period for all loans falling due on or before 31 December 2020.

Securities / Derivatives

Thailand to Lift Short-selling Restrictions Next Week

By Editors | 23/09/2020

As market volatility has returned to normal levels, SET and TFEX will return to its normal short selling rules and its normal ceiling and floor limits.

AML / KYC

Sri Lanka: CSE Enables Digital ID Verification for Account Opening

By Duruthu E Chandrasekera | 22/09/2020

The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.

AML / KYC

Pakistan Passes Three More FATF-related Bills

By Editors | 22/09/2020

A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan’s progress next month.

BOT Sets Out New Rules for ‘Digital Personal Loans’

By Editors | 21/09/2020

Under the regulations, alternative data including payment information relating to water, electricity and telephone bills can be used to support loan applications.

AML / KYC

Covid-19 Presents Opportunity to Disrupt Criminals: APG

By Editors | 20/09/2020

In its latest typologies report, the APG says Covid-19 may provide a unique opportunity for law enforcement and FIUs to detect and disrupt certain money laundering operations.