01/27/2020
Under the new rules, those same shares are considered JPY 25 billion worth of risk assets, requiring JPY 2 billion in reserves.
01/24/2020
The J5 is looking at clients, some of whom are based in Australia, who are thought to have used the bank to conceal and transfer wealth secretly to avoid tax and hide the proceeds of organised crime.
01/23/2020
Subject to the outcome of the public consultation, the intention is to introduce the rules as subsidiary legislation under the Ordinance into the Legislative Council for negative vetting in the 2020/2021 legislative session.
01/23/2020
New areas of cooperation include financial sector development, cross-border supervision, crisis management, AML/CFT, as well as currency management and operations.
01/22/2020
The legal directory listed Withers’ strengths in cross-border structuring, including engagements that have an India, Japan, UK, US, and Australia nexus, as well as its strong focus on funds, family offices, private trusts, family charities and found
01/22/2020
It added that other key pillars of Islamic finance, such as sharia-compliant insurance (takaful) and sukuk, would be required for a fully developed Islamic financial ecosystem.
01/21/2020
This is double the amount, and nearly double the value, of penalties handed out in 2018, when 29 fines of $4.27bn (£3.2bn) were imposed.