06/21/2024
Singapore Publishes Updated Money Laundering National Risk Assessment
The updated ML NRA synthesises the ML risks observed by the Singapore supervisory
Legal, Regulation & Compliance
06/18/2024
Justice Department Repatriates $1.4B Misappropriated 1MDB Funds to Malaysia
The funds include both funds finally forfeited and funds the department assisted in recovering and returning.
06/17/2024
Finance sector union not opposed to ANZ’s $4.9b Suncorp bank buy
Financial Sector Union president Wendy Streets said the union was against industry consolidation that may hurt competition
06/13/2024
Appleby's Hong Kong Office Advises Lichen China Limited
The Appleby team was led by Partner Judy Lee.
06/12/2024
APRA releases quarterly authorised deposit-taking institution statistics for March 2024
Profit levels remained in line with levels seen over the past decade.
06/11/2024
Singapore banks probe rich clients, train staff to spot money laundering tricks
Some bankers have complained about the additional checks on new clients’ sources of funds and the extra challenges in monitoring accounts, add some sources
06/07/2024
Stephenson Harwood wins two awards at WealthBriefingAsia Awards 2024
These annual awards, which are part of WealthBriefing's global awards programme, recognise firms, teams, and individuals that have demonstrated innovation and excellence during the last year.
06/03/2024
APRA clarifies expectations on cyber security and adequacy of backups
This communication is part of APRA's ongoing commitment to supervising cyber resilience across industry, as outlined in its Interim Policy and Supervision Priorities update.
05/31/2024
Singapore Laundering Case Jails Eighth Individual
Lin is the only woman in the case and she had S$153 million ($113 million) out of the S$170.5 million in seized assets forfeited to the state.
05/30/2024
IQ-EQ shortlisted for ‘Best Advisory Firm in Regulatory and Compliance’ in 2024 HFM Asia Service Awards
The HFM Asia Awards are renowned in the finance industry, recognising the best in hedge fund performance, service providers, and individuals.
05/30/2024
Dentons Hong Kong partner Richard Keady ranked as a leading practitioner for White Collar Crime, Corporate Crime & Regulatory Investigations by Doyles
The Doyle's Guide uses an entirely objective selection process to review lawyers and their firms amongst legal services consumers, peers and other industry professionals.
05/28/2024
MAS Bans Three Individuals for Obstructing Course of Justice, Falsification of Records and Providing False Information to MAS
The POs, which took effect from today, will prohibit all three individuals from providing any financial advisory service and from taking part in the management
05/28/2024
Former Queensland financial adviser Brett Gordon banned following fraud conviction
Under the Corporations Act and the National Consumer Credit Protection Act, ASIC may permanently ban a person from the financial services and credit industries if they are convicted of fraud.
05/28/2024
Harneys wins Offshore Law Firm of the Year at ALB China Law Awards
It is the second consecutive year that the firm has won this prestigious award.
05/28/2024
Harneys advises EDA Group Holdings Limited on its Hong Kong IPO
Its logistics network covers various major trade lanes originating from China reaching popular B2C e-commerce destinations around the world, including North America, Europe and Australia.
05/24/2024
HKMA planning sandbox for generative AI in banking
HKMA’s Arthur Yuen says the Silicon Valley Bank failure holds alarming lessons about digitizing finance.
05/23/2024
Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance
The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.
05/22/2024
ASIC cancels Everest Asset Management’s AFS licence
This includes the obligation to comply with financial services laws, including the requirement to lodge financial statements annually with ASIC.
05/22/2024
Monetary Authority of Singapore and People’s Bank of China Advance Collaboration in Green and Transition Finance
The initiatives discussed covered the alignment of taxonomies, facilitation of green finance flows, and the development of a decarbonisation rating platform.
05/21/2024
Market brief provides further detail on upcoming Australian renewable energy projects tender
Projects will be assessed against seven merit criteria across Stage A and Stage B, with projects demonstrating the highest levels of merit compared to other projects in Stage A progressing to Stage B.