OTHER ASIA PACIFIC

AML / KYC

FinCEN Moves to Cut Off Cambodia’s Huione Group from US Financial System

By Nithya Subramanian | 02/05/2025

FinCEN said Huione Group laundered over $4 billion in illicit funds linked to North Korean cyber heists and cryptocurrency scams across Southeast Asia.

Enforcement

Vietnam Property Tycoon has Sentence Reduced After Repaying Victims

By Mark Johnston | 28/04/2025

Property tycoon Truong My Lan has a life sentence for bond fraud reduced to 30 years, but is still facing execution on other charges.

Fintech / Regtech

Culture and Conduct as the New Moat in APAC’s Wealth Sector

By Mary Leung | 28/04/2025

Traditional competitive advantages are fading in APAC’s booming wealth management sector, making a strong client-centric culture the new key to success, writes Mary Leung.

Capital / Liquidity

Vietnam to Further Bolster Credit for Key Sectors as US Tariffs Bite

By Mark Johnston | 27/04/2025

The SBV is directed to maintain financial market stability and ensure credit is channelled towards sectors hit hardest by US tariffs.

Fintech / Regtech

Sri Lanka to Adopt XBRL for Reporting by Listed Companies

By Editors | 26/04/2025

The Colombo Stock Exchange said it will adopt a phased approach for implementation, starting with interim financial statements in early 2026.

Crypto / Digital Assets

Pakistan, Malaysia to Develop Shariah-aligned Digital Assets Framework

By Nithya Subramanian | 26/04/2025

The two countries will collaborate to develop global standards for Sharia-compliant digital assets such as halal stablecoins and tokenised sukuk.

AML / KYC

Myanmar’s Scam Factories: A Descent Into the Heart of Financial Darkness

By Nathan Lynch | 25/04/2025

Industrial-scale scam operations run by criminal syndicates in Myanmar present a daunting challenge to banks and law enforcement, writes Nathan Lynch.

AML / KYC

US to Investigate Pre-2019 Market Manipulation in Sri Lanka

By Thisanka Siripala | 24/04/2025

US authorities will reportedly pursue prominent Sri Lankan businessmen for an alleged pump-and-dump scheme that defrauded US investors.

ESG / Sustainability

Vietnam to Launch Pilot Carbon Credit Trading Scheme in June

By Nithya Subramanian | 23/04/2025

The scheme aims to support the country’s 2050 net-zero target, with flexible offset rules, phased implementation, and a dedicated carbon exchange.