Trade Based Money Laundering

Sri Lanka Bank Officials Remanded in $1bn Illegal Transfer Probe

20/08/2026

Four officials from private banks are accused of taking payments to facilitate a significant TBML scheme linked to fake imports.

Payments & Settlements

Vietnam to Allow Foreign Banks to Use Local Accounts for Client Payments

20/08/2026

The new rules, effective 19 September, aim to complete the legal framework for correspondent banking and facilitate cross-border payments.

Reporting & Disclosures

Thai SEC Proposes Tougher Disclosure Rules for SRI Funds

20/08/2026

The SEC is seeking feedback on new rules for sustainable investment funds to enhance transparency and provide greater flexibility for managers.

Payments & Settlements

Indonesia Unveils Domestic Credit Card, Broadens QRIS Fee Waiver

20/08/2026

The measures seek to reduce payment costs, support merchants and challenge the dominance of global card networks.

Credit Risk

RBI Seeks to Distance Itself from Bank Deposit Ratings

20/08/2026

CRAs face a potential conflict with SEBI disclosure rules after being told not to name the RBI as the deposit regulator.

Conduct, Culture & Accountability

Cambodia to Advance 22 Actions on Responsible Microfinance

20/08/2026

The NBC and the UN are pushing forward a plan focused on strengthening consumer protection and responsible lending practices.

Credit Risk

Malaysia’s Sabah Government Sues EY for Audit Negligence Claim

20/08/2026

The lawsuit alleges EY failed to flag the insolvency of the state development bank, leading to significant financial losses and breaches of statutory duty.

Operational Risk

Korea Pension Overhaul Sparks Industry Fears of Monopoly, Liability Risks

20/08/2026

Asset managers warn that proposed no-fault liability rules and high capital requirements for a new fund-style pension system could stifle returns and competition.

Payments & Settlements

India, Egypt Explore Local Currency Trade, Fintech Cooperation

20/08/2026

The two nations discussed settling bilateral trade in local currencies and structured fintech cooperation at the BRICS finance ministers meeting.