02/19/2021
The latest revisions specify that pricing of virtual assets in fiat money for the purpose of sales, exchange or transfer will be determined by the price displayed by VASPs at the time of the transaction.
02/18/2021
The concessional donor loan will support the 15th replenishment of the African Development Fund, approved in December 2019 by ADF donor countries
02/18/2021
New Zealand's biggest bank, ANZ NZ will utilise Open Banking technology from the UK's Bud to improve the loan approval process for business customers.
02/18/2021
As one of the leading commercial hubs for international business transactions, Hong Kong also prides itself as a prime location for dispute resolution not only in the Asia Pacific, but also worldwide.
02/17/2021
Technology, regulation, and the future of financial crime compliance
02/17/2021
As the HK$8.33 billion in 2020 involved nearly 2,600 stop-payment requests from victims, police sources said thousands of Hong Kong bank accounts – both personal and business – were believed to have been used to collect and launder the funds.
02/17/2021
The move is expected to pave the way for the Stock Exchange of Thailand to launch a digital asset trading platform this year, according to a fund manager from a local asset management firm in Bangkok.
02/17/2021
2,600 stop payment requests from victims, police sources and numerous business and personal bank accounts – potentially more than 10,000 – in Hong Kong were believed to be used to collect and launder the funds.
02/17/2021
OTC CDS transactions should be reported to CCIL’s trade repository within 30 minutes.
02/17/2021
The Budget announcement also includes a SGD 900 million household support package to help families with expenses, along with initiatives to help workers and businesses weather the Covid-19 crisis.
02/17/2021
The IPO raised US$20 million for the China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity.
02/17/2021
Lawyers from Carey Olsen's corporate team in Singapore have advised on the initial public offering of CN Energy Group. Inc. on the Nasdaq Capital Market.
02/16/2021
The latest guidelines restrict surprise share purchases before going public and abnormal share purchase prices
02/16/2021
An enhancement to the existing Anti-Money Laundering Risk Rating System, MRAS uses a four-point rating scale—high, above average, moderate and low—in evaluating a BSP-supervised financial institution’s money-laundering risk profile.
02/16/2021
A speech by ASIC Commissioner, Sean Hughes, to the Australian Finance Industry Association (AFIA) Risk Summit, Tuesday 16 February 2021.
02/16/2021
The total overcharged interest exceeded $2.2 million. ASIC considers that CBA’s conduct in this matter, which was examined in detail during the Financial Services Royal Commission, resulted from inadequate systems and processes (20-305MR).
02/15/2021
Bank of Korea under pressure to tackle digital currency development, payment settlement oversight and mandate issues
02/15/2021
Territory’s banks will have to monitor transactions by politically connected mainlanders
02/15/2021
The revised SPM also enhances the role of senior management oversight in implementing the Code of Conduct, and fostering and maintaining ethical standards and expected values set by the Board throughout the bank.
02/15/2021
Existing investors in NBFCs may continue with their investments and bring in additional investment to support continuity of business in India.