Other Asia Pacific

Anti-Money Laundering

Use of AI for AML Could Lower Effectiveness: Report

By Bradley Maclean | 14/03/2024

A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.

Structural Regulation

Bangladesh Bank Sets Rules for Independent Directors of NBFIs

By Ajoy K Das | 13/03/2024

The central bank has set a maximum monthly salary limit and laid down minimum qualifications in terms of age, education, and professional experience.

Resolution & Recovery

Bangladesh to Force At Least 10 Weak Banks into Mergers

By Ajoy K Das | 12/03/2024

Banks are asked to choose which banks they would prefer to merge with and make preparations accordingly.

Reporting & Disclosures

Vietnam Launches New Disclosure System at Hanoi Exchange

By Editors | 11/03/2024

The system has been initially implemented on the HNX. Once fully implemented, the same system will be established at HoSE.

Trading & Investment

Vietnam: HoSE Commences Trial Run of New Trading System

By Editors | 10/03/2024

Deployment was initially planned for 2015, but the project has faced delays and setbacks, including the pandemic, extending the rollout to nearly ten years.

Conduct, Culture & Accountability

Bangladesh Bank Establishes Committee to Vet Bank CEO Nominees

By Ajoy K Das | 07/03/2024

Central bank to approve appointment of CEOs at banks only after receiving positive report from the committee Bangladesh Bank has […]

Reporting & Disclosures

Too Much Leeway Offered by Updated ASEAN Taxonomy

By ESG Investor | 07/03/2024

Second version of the voluntary guidance limits utility to investors by allowing companies and countries to “pick and choose”.

Anti-Money Laundering

Financial Crime Compliance Costs Grow in APAC: Study

By Nithya Subramanian | 06/03/2024

A study from LexisNexis Risk Solutions finds the higher costs are attributed to technology, labour, and the growing use of crypto and AI tech for illicit activities.

Cryptocurrency

Vietnam to Develop Legal Framework for Crypto by 2025

By Sanday Chongo Kabange | 05/03/2024

The government has directed the Ministry of Finance to develop a legal framework for banning or regulating virtual assets.