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Crypto / Digital Assets
Malaysia, Indonesia Regulators Sign Fintech Cooperation Pact
By Sanday Chongo Kabange | 24/08/2020
The agreement aims to facilitate information sharing, provide joint innovation opportunities, and facilitate cross-border referrals of fintech businesses.
AML / KYC
Pakistan Issues Consolidated List of Sanctioned Individuals, Entities
By Editors | 23/08/2020
The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.
AML / KYC
Thailand SEC to Simplify KYC Rules for Low Risk Investment Products
By Editors | 22/08/2020
The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.
Capital / Liquidity
BSP Relaxes Real Estate Lending Limits for Banks
By Editors | 21/08/2020
The higher limit will encourage bank lending to households for the acquisition or construction of a residential real estate property the BSP said.
Fintech / Regtech
BSP Takes Consumer Complaints Chatbot Live
By Sanday Chongo Kabange | 20/08/2020
The trilingual automated chatbot can handle queries and complaints from consumers sent through chat via the BSP website, SMS, or Facebook messenger.
Enforcement
Sri Lanka to Commence Probe into State Bank Fraud
By Duruthu E Chandrasekera | 20/08/2020
Bank of Ceylon, People’s Bank, National Savings Bank, Regional Development Bank, and their related institutions will be probed for irregularities.
AML / KYC
APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020
By Editors | 19/08/2020
Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.
Big Picture
Asian Central Banks Fear Return of USD Funding Stress
By Editors | 19/08/2020
Trade frictions, a resurgence of Covid-19 infection rates, and rising corporate insolvency and credit rating downgrades could prompt renewed US dollar funding stress, says a new report.
AML / KYC
FFIS Charts Growth of Public-Private Partnerships in New Report
By Manesh Samtani | 19/08/2020
Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.
AML / KYC
Pakistan Legislature Progresses Five FATF-related Bills
By Editors | 18/08/2020
Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.
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