LATEST NEWS

ESG / Sustainability

HSBC Quits Net-Zero Banking Alliance, Following US Lenders

By Editors | 14/07/2025

HSBC has become the first major UK bank to depart the UN-convened climate group, citing the maturity of its own transition planning amid investor scrutiny.

Sanctions

Malaysia to Enforce Stricter Rules on Illegal Ship-to-Ship Oil Transfers

By Nithya Subramanian | 14/07/2025

Malaysia will start to curb illegal ship-to-ship oil transfers linked to sanctions evasion, including suspected Iranian shipments.

Securities / Derivatives

Bangladesh Bank Tightens Provisioning Rules for NBFI Investments

By Nithya Subramanian | 14/07/2025

Bangladesh Bank has mandated NBFIs to provision up to 100% for potential losses in shares, bonds, mutual funds, and subsidiaries to enhance transparency and curb hidden risks.

AML / KYC

Japan's PPP Initiatives for Financial Crime Countermeasures and AML/CFT

By Hiroshi Ozaki | 14/07/2025

Japan is leveraging multi-layered public-private partnerships to tackle sophisticated financial crime ahead of its 2028 FATF review.

AML / KYC

India's IFSCA Proposes Video-Based KYC for NRIs from Select Countries

By Nithya Subramanian | 14/07/2025

Video-based customer identification will be allowed for specified NRIs subject to strict checks including address verification, IP restrictions, secure data handling, and mandatory audits to safeguard against fraud.

ESG / Sustainability

IFRS Foundation Clarifies Use of Industry Guidance for ISSB Standards

By Mark Johnston | 14/07/2025

The IFRS Foundation has published new guidance to support global firms implementing sustainability disclosure rules tailored to their industries.

Crypto / Digital Assets

China, Egypt Deepen Ties with Local Currency and CBDC Pact

By Editors | 14/07/2025

The central banks of China and Egypt have signed an MoU to promote local currency use, information sharing, and collaboration on CBDCs.

AML / KYC

BSP Proposes New Rules to Restrict Online Gambling Payments

By Nithya Subramanian | 14/07/2025

The BSP proposes controls on PSPs handling online gambling transactions, including biometric verification, daily spending caps, and responsible gambling policies.

Korea to Overhaul Retirement Pension System to Boost Returns

By Nithya Subramanian | 14/07/2025

Korea plans to allow private fund managers to compete for pension assets, enabling a shift away from low-return savings products and towards more diversified and higher-yield investments.