Other Asia Pacific

Enforcement

Vietnam Launches Probe into Bank Lending Rates

By Editors | 27/02/2025

Commercial banks seen as responsible for negatively impacting lending by raising their interest rates may face penalties.

Securities / Derivatives

Vietnam Securities Commission Signs Information-Sharing MoU

By Nithya Subramanian | 25/02/2025

The SSC signed the IOSCO APRC Multilateral Memorandum of Understanding for Supervisory Cooperation (SMMoU).

Enforcement

Myanmar Begins Repatriation of Chinese Scam Centre Workers

By Nithya Subramanian | 25/02/2025

The move follows growing pressure from Beijing to shut down the criminal compounds, where trafficked workers run online fraud operations.

AML / KYC

Financial Crime Expert Nathan Lynch Appointed as Chief Correspondent

By Editors | 20/02/2025

As Chief Correspondent, Nathan Lynch will lead specialist reporting on financial crime, money laundering, sanctions and risk management.

Enforcement

China Working with Myanmar to Address Cross-Border Crimes

By Nithya Subramanian | 19/02/2025

Senior Chinese officials met with officials of the Myanmar government to discuss measures to address cross-border scams and fraud.

Enforcement

Vietnam to Start Compensating Saigon Commercial Bank Bondholders

By Nithya Subramanian | 19/02/2025

Ho Chi Minh City authorities have seized over $315mn intended for compensating victims affected by Truong My Lan’s embezzlement scandal.

AML / KYC

Sri Lanka Appoints Task Force to Oversee AML/CFT Efforts

By Thisanka Siripala | 19/02/2025

The primary objective of the task force is to ensure compliance with the FATF’s 40 recommendations and demonstrate effective implementation across 11 key areas.

Capital / Liquidity

Vietnam: Troubled Lender Relaunches as Digital Bank Following Forced Merger

By Nithya Subramanian | 18/02/2025

DongA Bank, now known as Vikki Bank, will remain an independent legal entity but be managed and supported by HDBank to restore its financial position.

ESG / Sustainability

ACMF Starts Work on New Action Plan for ASEAN Capital Markets

By Nithya Subramanian | 17/02/2025

The action plan, to be released by the ASEAN Capital Markets Forum in October 2025, will serve as a five-year roadmap to advance ASEAN capital markets.