OTHER ASIA PACIFIC

AML / KYC

Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges

By Manesh Samtani | 01/03/2018

Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.

Market Infrastructure

ASEAN Liberalises Cross-border Funds Framework

By Garima Chitkara | 28/02/2018

ASEAN CIS framework revised to open greater fund participation between Malaysia, Singapore and Thailand.

Enforcement

Malaysia Eyes Senior Managers Regime

By Samuel Riding | 25/02/2018

BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.

AML / KYC

Indonesian Banks Start AEOI Registration to Report Customer Data

By Editors | 22/02/2018

Indonesian banks, regulators and financial infrastructure firms invited to register with the tax office under AEOI norms.

Market Infrastructure

Chinese Exchanges to Acquire Stake in Bangladeshi Bourse

By Editors | 21/02/2018

Shanghai, Shenzhen exchanges have outbid India’s NSE to buy 25% of Dhaka Stock Exchange.

Malaysian Banks to ‘Rigorously Screen’ New Employees

By Garima Chitkara | 19/02/2018

Bank Negara Malaysia wants to build a “competent” talent pool to enforce confidence and integrity in the financial system.

Capital / Liquidity

BSP Cuts Reserve Requirement for Philippine Banks

By Editors | 17/02/2018

The 100 basis point RRR reduction is expected to free up PHP90 billion of liquidity in the financial system.

Capital / Liquidity

Myanmar Banks Under Pressure to Rein in Overdraft Lending

By Editors | 16/02/2018

Banks say businesses rely on overdraft loans for working capital, particularly during economic weakness.

Crypto / Digital Assets

Thailand Banks Banned from Cryptocurrency Activities

By Manesh Samtani | 14/02/2018

Banks prohibited from trading, advising on, and creating platforms for cryptocurrency.