09/30/2020
The AMLS Project builds on Hong Kong’s mutual evaluation, which positively assessed the HKMA’s risk-based AML/CFT supervision, and aligns with international trends to leverage technology and data to identify and assess ML/TF risk.
09/29/2020
Other more recent inbound initiatives, such as the stock and bond connect programmes, have made the QFII and RQFII less relevant.
09/29/2020
Despite threats of a possible exodus after draconian security legislation, the financial hub retains many attractions
09/29/2020
Quantum is now known as Nova Minerals Limited.
09/29/2020
"We welcome the signing of this new MoU which will deepen mutual cooperation and coordination, optimising deployment of limited resources and lessening the compliance burden by reducing duplicated efforts."
09/29/2020
Covid-19: Government launches financial industry recruitment scheme
09/29/2020
The Singapore government has pledged more than $100 billion in Covid-19 related relief to mitigate the extent of the economic downturn resulting from the virus outbreak.
09/29/2020
A tiered approach is said to be under consideration, so that relief is targeted to those needing the most help. Details of the plan and what types of borrowers would be covered under an extension are still being finalised, Bloomberg sources said.
09/29/2020
A six-month 100 percent trading fee waiver has also been applied to all MSCI Taiwan and MSCI Singapore contracts traded on HKEX.
09/28/2020
Class action lawsuits allow multiple claims against a single defendant.
09/28/2020
Such passports, which some countries issue in return for investments, are popular because they provide freedom of movement among all EU nations
09/28/2020
Records show there are cases where ‘suspicious transactions’ have been carried out through the international payment gateway of foreign banks, said the paper.
09/28/2020
The report did not provide more details or provide a timeline for the measures. Spokespersons for Sebi did not immediately respond to questions from Asia Asset Management.
09/28/2020
"The proposed amendment is expected to be submitted to the SEC's board of directors, then to the finance minister during the first quarter of next year,"
09/28/2020
The reforms will seek to adjust the reporting format to align with international standards, thereby reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.
09/25/2020
Westpac Group Chief Executive Officer, Peter King, said: “I would like to apologise sincerely for the Bank’s failings.
09/25/2020
Woman’s bank accounts linked to alleged money laundering by family of five taken into custody two weeks ago, customs says
09/25/2020
The fresh quotas are the first for 18-months as the renminbi enjoys a period of strength.
09/25/2020
Our role is to harden the financial system against serious crime and terrorism financing and this penalty reflects the serious and systemic nature of Westpac’s non-compliance,”
09/25/2020
ASIC Commissioner Cathie Armour said the changes would protect retail investors.