AGP Executive Report
Last update: 44 minutes agoBanking & Compliance: The Manila Court of Appeals upheld an asset preservation order freezing P15.5 million in bank accounts tied to a suspected drug “pass-through” scheme involving a husband, wife and two firms, after the Anti-Money Laundering Council filed a civil forfeiture case. Digital Banking & Policy: India’s RBI holiday calendar flags multiple June closures (including state-specific Muharram/Ashoora and other regional holidays), while digital channels like UPI, internet and mobile banking are expected to stay available. SME Lending Push: Vietnam’s Finance Ministry is proposing to let SMEs pledge digital/virtual assets and intellectual property as collateral to unlock more bank credit. Global Banking Expansion: CIBC plans a Global Capability Centre in Hyderabad, targeting 2,000+ jobs and adding to the city’s growing BFSI GCC footprint. Crypto & Payments Watch: BlackRock reportedly stepped up crypto ETF selling with $1.21B in BTC/ETH outflows over the past week, while XRP Ledger activity rose sharply even as XRP price stayed weak.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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