Other Asia Pacific

    AML / KYC

    US Regulators Fine National Bank of Pakistan $55m for AML Violations

    By Sanday Chongo Kabange | 01/03/2022

    National Bank of Pakistan is required to pay penalties, correct deficiencies in its AML compliance, and submit quarterly progress reports on remedial actions taken.

    Securities / Derivatives

    BIS Launches Green Bond Fund Dedicated to APAC Region

    By Editors | 28/02/2022

    This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.

    Capital / Liquidity

    Bangladesh Bank Relaxes Credit Risk Rating System

    By Editors | 27/02/2022

    The relaxation will allow for easier issuance of loans and credit, thereby helping to accelerate business activities across the country, Bangladesh Bank said.

    Securities / Derivatives

    BSEC Reduces Minimum Investment Limit for SME Boards

    By Editors | 27/02/2022

    The BSEC eased the limit in response to requests from merchant bankers. Stock exchanges are directed to provide registration to investors free of cost.

    Securities / Derivatives

    SET Revises Rules to Encourage Listings by Foreign Firms

    By Editors | 24/02/2022

    Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.

    Market Infrastructure

    Bank Indonesia Deepens Ties with BOK Under New MoU

    By Editors | 20/02/2022

    The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.

    Market Infrastructure

    Sri Lanka Launches National Remittance Mobile App

    By Duruthu E Chandrasekera | 20/02/2022

    The new mobile app is expected to lower the cost of inward remittances by foreign workers and reduce the use of black market channels.

    AML / KYC

    Bangladesh Revises Rules on Mobile Financial Services

    By Sanday Chongo Kabange | 17/02/2022

    The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.

    Fintech / Regtech

    Indonesia Advances Local Currency Use in Cross-border Settlement

    By Editors | 17/02/2022

    Domestic banks will be able to access other Asian currencies via cross-currency repo and other collateralised transactions with Bank Indonesia.

    AML / KYC

    In Conversation With Siddhant Sahai, Deutsche Bank

    By Bradley Maclean | 15/02/2022

    Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.

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