Other Asia Pacific

Securities / Derivatives

Vietnam Eases Pre-Funding Rules for Foreign Investors

By Nithya Subramanian | 24/09/2024

Securities firms will be able to place orders for foreign institutional investors before they have deposited the required funds in their accounts.

Enforcement

Korea Dismantles Mobile Smishing Crime Organisation in Vietnam

By Editors | 24/09/2024

Seven key members of the organisation, including the ringleader, were apprehended. Three have since been repatriated to South Korea.

AML / KYC

Singapore FIU Seeks Information on Bangladeshi Conglomerate

By Nithya Subramanian | 20/09/2024

The STRO asked the BFIU to provide details on S Alam Group, a Bangladeshi conglomerate that is suspected of money laundering.

Capital / Liquidity

Bangladesh Bank to Guarantee Loans Extended to Distressed Banks

By Ajoy K Das | 20/09/2024

Stronger banks will provide loans to five distressed banks, protected by guarantees from the central bank.

Fintech / Regtech

Malaysia, Cambodia Launch Cross-border QR Payment Linkage

By Nithya Subramanian | 20/09/2024

The first phase will allow Cambodian users to make instant retail payments in Malaysia by scanning DuitNow QR codes.

Capital / Liquidity

Sri Lanka Approves Offshore Banking Rules for Special Economic Zone

By Ajoy K Das | 17/09/2024

7 local banks and 3 international banks are reported to be in talks to establish offshore banking units in the Colombo Port City Special Economic Zone.

AML / KYC

Bangladesh Bank Forms Task Force on Banking Sector Reforms

By Ajoy K Das | 17/09/2024

The task force, led by BB governor Ahsan H Mansur, will assess current conditions in the banking sector and propose regulatory reforms.

AML / KYC

OFAC Sanctions Cambodian Tycoon for Scam Centre Operations

By Manesh Samtani | 13/09/2024

Billionaire Ly Yong Phat was sanctioned for his role in human trafficking and human rights abuses tied to scam centre operations he controls in Cambodia.

AML / KYC

State Bank of Vietnam Tightens Grip on Account Fraud – Report

By Nithya Subramanian | 11/09/2024

Financial institutions are now required to provide monthly updates on accounts showing signs of fraud or other legal violations.