02/05/2019
Australia vows to clean up financial sector after landmark misconduct inquiry
Royal Commission reveals fees charged to accounts of dead people and cash bribes
Legal, Regulation & Compliance
02/05/2019
Hong Kong's Securities And Futures Commission Revokes W. Falcon Asset Management (Asia) Limited’s Licence
Falcon window-dressed its month-end liquid capital by including in its liquid capital computation the amount of certain cheques, which were subsequently dishonoured.
02/05/2019
Australian Prudential Regulation Authority Responds To Royal Commission Final Report
APRA has acknowledged the importance of this, and will continue to build expertise and capacity devoted to these issues.
02/05/2019
PBOC Sets Up New Bureau to Oversee Financial Regulation
The new macro-prudential management bureau has been tasked with constructing a coordination mechanism among development plans, fiscal policy and financial policy; promoting economic monitoring; and improving policy research, the commission said in a state
02/05/2019
Malaysia regulator unveils rules for digital asset platform operators
SC Chairman Syed Zaid Albar says the framework is part of the regulator’s efforts “to promote innovation while ensuring investor protection in the trading of digital assets".
02/04/2019
Australian regulator vows to tackle ‘cosy oligopoly’ of big banks
More competition and sense of ‘threat’ seen as best way to compel better conduct
02/04/2019
Goldman Sachs may yank top executives’ bonuses over 1MDB scandal
Case has left the storied US banking giant with a black eye
02/04/2019
Manila bank hits back at Bangladesh over suit
Bangladesh Bank said it has sought the assistance of the US Federal Reserve in New York in filing the lawsuit.
02/04/2019
Positive Developments Contained In China's New Draft Foreign Investment Law
This alert highlights some of the positive developments contained in the Draft Law.
02/04/2019
D-Day for Australian Banks as Bombshell Inquiry Report Set for Release
The Royal Commission was a quasi-judicial independent body led by a former high court judge that was tasked by the government
02/04/2019
Ex-Georgian PM's suit to have case heard in Singapore court dismissed
The Geneva branch was the centre of management for the portfolio.
02/01/2019
Asian wealth manager Portcullis Group strengthens cyber defences with CyGlass
CyGlass provides affordable SaaS solution for network anomaly detection.
02/01/2019
Bangladesh to sue Philippine bank over $81m cyber heist
The bank has rejected the allegations and in 2017 accused Bangladesh's central bank of a ‘massive cover-up’.
02/01/2019
Malaysia SC Fines Deloitte for 1MDB-Linked Auditing Breaches
Charges have since been levied against Najib, 1MDB officials, Goldman Sachs and other connected parties.
02/01/2019
Hua Nan prioritizes legal compliance
Overseas CCOs also shared their practical experiences in complying with AML regulations.
02/01/2019
Recognition for Mourant in Asia
Awards announced by the prestigious China Business Law Journal, set the scene for further ambitious growth.
01/31/2019
Who's Who Legal Awards
Firm of the Year 2018: Hogan Lovells
01/30/2019
Brexit alarm bells ring in the UK and Asia
There is an increasing sense of alarm amongst UK-based companies – both Asian and non-Asian alike
01/30/2019
Japan Adequacy Decision Adopted by the EU Commission
One of the circumstances where international transfers are permitted under the GDPR is where the EU Commission has passed an “adequacy decision” in relation to the country
01/30/2019
China makes concessions to expats in new tax law
According to a notice published by the State Administration of Taxation last month, resident taxpayers who spend more than 30 consecutive days outside the country in any given six-year period are exempt from having to declare their global earnings.