Asia Banking Research

Sep

Will Laos’s new AML policies be effective?

Two years ago, Laos was removed from the Financial Action Task Force’s (FATF) money-laundering grey list after the landlocked Southeast Asia country showed some improvement in its AML policies. Since then, however, progress has been limited. Laos’s casinos, property market and money exchange shops remain at high risk for money…

Aug

Asia Banking Research

Investors remain upbeat on South Korean fintech unicorn Viva Republica

Not even the failure to obtain a virtual-banking license can dampen investor interest in South Korea’s fintech unicorn Viva Republica and its digital banking platform Toss. In mid-August, Viva Republica announced it had raised $64 million from a group of investors led by Hong Kong-based Aspex Management. The latest capital…

Aug

Asia Banking Research

Is Myanmar in danger of returning to FATF’s money-laundering watchlist?

Myanmar is at risk of landing on the Financial Action Task Force’s watchlist high-risk money-laundering destinations after a three-year reprieve, analysts say. In 2016, FATF removed Myanmar from the list, citing improvements in the country’s efforts to combat financial crime. Since then, however, Myanamar has not taken adequate steps to…

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