India, Iraq, Bangladesh, Colombia, Turkey and Sri Lanka regulators issue AML, market and banking rules

Bangladesh Bank's Foreign Exchange Policy Department permits Authorized Dealers to issue foreign-currency bank guarantees and standby letters of credit (SBLCs) on behalf of resident entities in favor of local project authorities, where the underlying contracts were awarded to foreign companies through international tenders. The circular sets conditions on contractual arrangements, collateral coverage, and reimbursement, and requires ADs to follow their credit norms and prudential limits. It aims to facilitate foreign company participation in Bangladeshi projects by allowing resident strategic partners, local agents, or authorized representatives to arrange the required guarantees.

The International Financial Services Centres Authority (IFSCA) has notified the Prohibition of Market Abuse in Securities Markets Regulations, 2026, establishing a framework to prohibit insider trading and manipulative, fraudulent and unfair trade practices in securities markets in the International Financial Services Centre (IFSC). The regulations impose restrictions on communication and trading while in possession of material non-public information, require listed entities to maintain internal controls and codes of conduct, and mandate disclosures by designated persons. They replace the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 in the IFSC, and empower the Authority to sanction violations, including suspension or cancellation of registration.

The International Financial Services Centres Authority extends the deadline for units in IFSC that already hold ISINs from domestic Indian depositories to obtain new ISINs from an IFSCA-recognised depository, moving the date from August 31, 2026 to December 31, 2026. The deadline for the recognised depository to submit a compliance report confirming completion of the transition is extended to January 31, 2027. The circular takes effect immediately.

The International Financial Services Centres Authority directs all Fund Management Entities registered under the Fund Management Regulations, 2025 to maintain a website or webpage to promote transparency and ease of access to information for investors and stakeholders. Authorised FMEs and Registered FMEs (Non-Retail) may use an independent website or a dedicated webpage on a parent/group website, while Registered FMEs (Retail) must maintain an independent official website. The circular specifies mandatory disclosures, presentation standards, and requires FMEs to intimate their URL to the Authority by December 01, 2026.

The Central Bank of Iraq's Bank Supervision Department issues updated behavioural indicators and scenarios for detecting suspected money laundering and terrorist financing, moving beyond purely monetary thresholds to behavioural red flags observed by front-line staff. All licensed banks must use these indicators as minimum requirements for staff training, ensure suspicious activity reports (SARs) submitted via the GO AML system are accurate and complete, and develop automated monitoring scenarios. The circular is grounded in FATF recommendations, the 2015 AML/CFT Law No. 39, and the 2025 Iraq AML/CFT Office suspicious transaction reporting guidance.

The Central Bank of Iraq's Bank Supervision Department requires all licensed banks and non-bank financial institutions to apply risk-based enhanced due diligence to politically exposed persons (PEPs), their family members and close associates, in line with FATF Recommendation 12 and Iraq's AML/CFT Law No. 39 of 2015. The circular sets out obligations on screening, senior management approval, verification of corporate structures, suspicious activity reporting via goAML, ongoing PEP classification after leaving office, and measurement of the effectiveness of PEP due diligence through defined statistics reported to the CBI on request.

The Central Bank of Sri Lanka issues a Banking Act Determination setting out the approved securities that licensed commercial banks and licensed specialised banks must obtain when granting accommodation to related parties, in order to mitigate conflicts of interest and prevent more favourable treatment of related parties. It defines related parties, prescribes permitted security types with maximum accommodation-to-value limits, and requires quarterly reporting of related party transactions. It revokes Determination No. 04 of 2024 and its 2025 amendment.

This bulletin is the weekly summary of decisions and announcements of the Capital Markets Board dated 27/08/2026. It includes prospectuses/issuance certificates of approved capital market instruments, new operating licenses, administrative fines and other sanctions, changes in partnership structure, other application results, and principle decisions. The bulletin serves to publicly announce regulatory decisions for capital market institutions, publicly traded partnerships, and investors.

The Capital Markets Board of Turkey published its Bulletin 2026/54 containing three principle decisions: amendments to the Investment Funds Guide, new minimum capital requirements for portfolio management companies for 2027, and restrictions on off-exchange sales of shares by certain persons under the Shares Communiqué. The decisions affect portfolio management companies, investment funds, and shareholders of listed companies.