10/08/2019
India gets first tranche of Swiss account details
Data will be useful to establish strong prosecution case against those with unaccounted wealth in form of investment in securities or other assets
Legal, Regulation & Compliance
10/07/2019
Judicial pen pals? Not this time
The case raises the issue as to what extent subpoenas may be issued locally against Cayman Islands affiliates of foreign companies, in order to avoid having to act against the foreign company directly in a foreign court.
10/07/2019
Attack on JPMorgan banker in Hong Kong sparks outrage in mainland China
Angry reaction to video of incident, including one commenter saying the behaviour went against the push for freedom and democracy in city
10/07/2019
Vietnam to promote trade and investment in Romania, Bulgaria
Members of the delegation include representatives of the MOIT (Trade Promotion Agency) and 20 businesses with strong export capabilities in the fields of agro-fishery, food (dried fruits, tea, coffee, milk, tinned and frozen fishery products), mechanical
10/07/2019
Malaysia says no talks with Goldman Sachs on recovering funds lost in 1MDB scandal
Malaysia’s Finance Minister Lim Guan Eng says legal processes continue, after the country filed criminal charges against Goldman Sachs last year
10/07/2019
Arrested in PMC fraud, Rakesh and Sarang Wadhawan were once
On Friday, the real estate tycoon and his father, Rakesh Wadhawan, were arrested on charges of cheating, criminal conspiracy and criminal breach of trust in connection with the financial irregularities at the Punjab and Maharashtra Co-operative Bank
10/07/2019
World Bank, Switzerland Support Vietnam’s Efforts to Strengthen the Banking Sector
A healthy banking sector, which is the largest segment of Vietnam’s financial system, is fundamental to the country’s sustainable economic growth,” said Ousmane Dione, the World Bank Country Director for Vietnam.
10/07/2019
ATO appeals $92m Glencore transfer price ruling
Multinational taxpayers are waiting on the result for certainty related to risk from cross-border contracts with related businesses.
10/07/2019
MAS to ease policy in October as risk of technical recession lingers: Economists
The Monetary Authority of Singapore would likely reduce the slope of the Singapore dollar nominal effective exchange rate policy band
10/04/2019
Grant Thornton partners with investor matchmaker Neu Capital
The firm’s Corporate Finance team is one of the country’s leading mid-market advisors, and helps clients with funding and executing mergers & acquisitions
10/04/2019
Hong Kong protests: Rich chase golden visas as unrest simmers
They say with no resolution in sight, residents are seeking "insurance".
10/04/2019
About $4 billion Hong Kong deposits may have left for Singapore as protests rage - Goldman
“That said, the HK banking system still has ample liquidity in Hong Kong dollar as well as in foreign currencies,” though “this set of data is unlikely to allay investor concerns around outflows from HK,” they said.
10/04/2019
Fighting Against Bank of Japan May Not Be Crazy After All
Global forces beyond the BOJ’s control are moving bonds
10/04/2019
LINE, LVC, and Nomura Sign Final Capital Alliance Agreement to Explore Blockchain-Based Business Opportunities
The Agreement is a follow up to the memorandum of understanding as described in the press release titled "LINE, LVC
10/03/2019
Westpac, ANZ accused of shutting branches and axing jobs
“While the banks all claim they shut branches because customers are using internet banking, we know the real reason is that the branch doesn’t generate enough profits for the bank,” she said.
10/03/2019
13.5 Tons of Gold Found in Chinese Official's Home
The colossal amount of gold was found in the basement of one Chinese official who was living in Haikou City, Hainan province.
10/02/2019
Tax Office Commissioner wins access to secret tax documents
At the club, Mr Jordan gave the example of "this Hua Wang Bank case" as among those tackled by the project.
10/01/2019
ASIC casts doubt over Dollarmites
As CBA's Dollarmites is the most prolific of the programs in question, it is sure to attract some comments from concerned parents.
10/01/2019
US$1.367b lost in Jho Low-linked switcheroo: How fake company escaped 1MDB ex-CEO’s eyes
The money allegedly made its way to Datuk Seri Najib Razak eventually.
09/30/2019
IOOF expects to reappeal timber case
The scheme was to invest in timber on behalf of "covenantholders" but they eventually copped losses.