Other Asia Pacific

AML / KYC

Bangladesh Banks Raise Concern on Trade-based Money Laundering

By Garima Chitkara | 26/04/2018

Trade-based money laundering is a source of concern for banks, according to a just released survey by the Bangladesh Institute of Bank Management; mis-declaration of pricing and traded goods a key source of money laundering in trade.

Fintech / Regtech

Singapore, Vietnam Sign Fintech, Banking Supervision Agreement

By JP Reimann | 26/04/2018

The central banks have agreed on a partnership to encourage fintech innovation and strengthen banking supervision.

Enforcement

Cambodia Warns Against Online Lending Firms

By Editors | 26/04/2018

Central bank says many online lending firms are not licensed, making the loans illegal.

Capital / Liquidity

Asia to Miss Key 2018, 2019 Basel III Deadlines – BIS report

By Garima Chitkara | 26/04/2018

Most Asian jurisdictions are behind on implementing counterparty credit risk measures, capital for CCP exposures as well as TLAC, IRRBB and LEX requirements.

Fintech / Regtech

Philippines Launches Real Time E-Payments Platform InstaPay

By JP Reimann | 24/04/2018

Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.

Market Infrastructure

Thailand Central Bank Requires E-Money Providers to Register

By JP Reimann | 23/04/2018

BOT requires all e-money, card and fund transfer service providers to register or seek approval from the central bank by 14 August.

AML / KYC

Sri Lanka Affirms Commitment to Preventing Financial Crime

By Editors | 23/04/2018

As the country looks to increase grass-roots access to finance, it will require greater engagement with the international financial community, requiring greater focus on preventing financial crime.

Capital / Liquidity

Bangladesh Mulls New NPL Dispute Resolution Guidelines

By Garima Chitkara | 23/04/2018

New guidelines and amendments to stress the importance of mediation and arbitration to take pressure off the courts saddled with NPL recovery cases.

Enforcement

Indonesia to Limit Cash Transactions to Curb Corruption

By Editors | 22/04/2018

Proposed bill will limit cash payments by corporations and individuals to a maximum of IDR100 million, or USD7,200.