04/09/2020
J. Rotbart & Co. & Blockpass announce Strategic Partnership
Blockpass offers shared regulatory compliance services for humans, companies, objects and device
Legal, Regulation & Compliance
04/09/2020
MAS Takes Regulatory and Supervisory Measures to Help FIs Focus on Supporting Customers
The MAS will also provide FIs more latitude on submission timelines for regulatory reports and defer non-urgent industry projects; and suspend regular onsite inspections and supervisory visits till further notice.
04/09/2020
Global bank HSBC owns up to potential anti-money laundering law breaches
HSBC’s exposure to money laundering breaches — first revealed in the online newsletter Banking Day — are contained in the bank’s 2019 financial accounts that were published late last month.
04/09/2020
Nomura Joins China Finance 40 Forum as Executive Member
These events provide opportunities for exchange between policy experts, financial and economic researchers and practitioners.
04/08/2020
Ogier advises on final closing of 8F Aquaculture Fund I L.P. – a sustainable aquaculture fund
The investment strategy of 8F Aquaculture Fund I LP is focused on developing a socially and environmentally responsible land-based salmon farming business, which is being developed globally.
04/08/2020
Wolters Kluwer and Vizor Software form regulatory reporting partnership in Singapore
This partnership will redefine the regulatory compliance landscape in Singapore.
04/08/2020
MAS Takes Regulatory and Supervisory Measures to Help FIs Focus on Supporting Customers
Sustaining lending activities should take priority over discretionary distributions.
04/08/2020
HKMA Encourages Remote Onboarding to Manage Covid-19 Challenges
The HKMA also notes that SVF licensees have been offering network-based products to help support the payment needs of members of the public amid the Covid-19 crisis.
04/08/2020
DBS and UOB closing some branches till May 4
Both join OCBC in closures in anticipation of fewer customer visits and for staff welfare
04/08/2020
Global bank HSBC owns up to potential anti-money laundering law breaches
HSBC's exposure to money laundering breaches
04/08/2020
Judicial comity between Courts in the Cayman Islands and in Hong Kong
Justice Parker’s judgment was circulated in draft on 11 March 2020.
04/08/2020
Mourant advises CVC Capital Partners on fifth Asia Pacific Fund with commitments of US$4.5 billion
CVC Capital Partners is a longstanding client of the firm and Mourant has advised on each of CVC Capital Partners' previous Asia focused fundraisings.
04/08/2020
SFC fines HSBC GAM for cash management failures
The SFC’s investigation found that some of the 53 funds managed and/or advised by HIFL and HGAML between 2010 and 2016 maintained cash deposits with connected entities, namely, The Hongkong and Shanghai Banking Corporation Limited and/or its affilia
04/08/2020
Structured Credit in the PRC and Hong Kong
With the tightening of liquidity and credit controls in the PRC, banks and financial institutions are looking for ways to reduce its existing credit exposure by moving any existing loans off their balance sheet.
04/07/2020
Asian investor cleared of laundering Dh278 million in UAE
The defendant was sentenced two years in jail followed by deportation.
04/07/2020
International Islamic Trade Finance Cooperation provides US$850 million for COVID-19 Emergency Interventions for Organization of Islamic Cooperation Member Countries in Most Need
Interim funds to be scaled up through close collaboration with strategic partners to offer trade finance and trade development solutions that meet the direct needs of member countries
04/07/2020
1MDB: Malaysia’s change in government sees whistle-blower flee, banker too scared to return
Justo, his wife Laura and their young son left Malaysia on March 4 without saying goodbye to anyone.
04/07/2020
MAS brings forward the date of disclosure of its foreign exchange intervention operations
The date of disclosure has been brought forward to provide more timely information to the market, and align with MAS’ monetary policy cycle.
04/07/2020
SFC halts operations of HK asset manager
The SFC considers that the issue of the restriction notice is desirable in the interest of the investing public or in the public interest.
04/07/2020
Super fund temporarily cuts fees
Venkatesan said the fund's various savings tools allowed members to continue to contribute to their retirement savings where possible, even if they can no longer work.