05/07/2019
Philippine FIU Seeks an End to Bank Secrecy Law
For years multiple officials have lobbied for easing bank secrecy rules.
Legal, Regulation & Compliance
05/06/2019
Singapore could be next to issue virtual banking licenses, says DBS
Among the firms to receive virtual licenses in Hong Kong, three have partnered with financial institutions such as Standard Chartered Plc, BOC Hong Kong Holdings Ltd. and ZhongAn Online P&C Insurance Co. Fintech firm WeLab Holdings Ltd. has also recei
05/03/2019
Central Banks of Canada and Singapore conduct successful experiment for cross-border payments using Distributed Ledger Technology
The Bank of Canada and MAS have been collaborating in the use of Distributed Ledger Technology and central bank digital currencies to make the cross-border payment process cheaper, faster, and safer.
05/03/2019
NAB, UK bank sued over business loans
A spokeswoman for Clydesdale said the bank had yet to receive details of the case.
05/03/2019
Scandal-hit Aussie banks earmark billions to repay customers
The year-long investigation singled out NAB for especially harsh criticism, forcing the departure of the firm's CEO and chairman.
05/03/2019
Standard Chartered Cuts Zimbabwean Jobs as Services Move to Asia
The lender will aim to “redeploy impacted staff wherever possible,” she said, adding the company has 384 employees in Zimbabwe.
05/03/2019
New president of Chinese Securities Association in Hong Kong urges MPF rules review
Lin Yong, also CEO of Haitong International, suggests the city’s compulsory retirement plan should be allowed to invest in Chinese A shares
05/03/2019
Top 10 legal innovators for Asia-Pacific region 2019
Overall winner from Gilbert + Tobin is on a mission to make changes — including a ban on the term ‘non-lawyer’
05/03/2019
ED files money laundering charge sheet against Zakir Naik
Once the court takes cognisance of the charge sheet, the agency will file an application under the Fugitive Economic Offenders Act, 2018 to declare him as a fugitive economic offender, said the official asking not to be named.
05/03/2019
Billionaire paid $6.5 M bribe to get daughter into university: Report
The deal was brokered through a Morgan Stanley money manager and voila, Yusi became a sailing recruit guaranteeing her acceptance, according to accusations.
05/02/2019
MAS, BOC conduct successful experiment for cross-border payments using Blockchain
Central Banks of Canada and Singapore conduct successful experiment for cross border payments using Distributed Ledger Technology
05/01/2019
Regulatory Demands Augur Well for Top Professionals in Leading Jurisdictions
What has really changed in recent times
05/01/2019
Head of Multi-Billion Dollar Fund Empire Faces ‘Illegal Fundraising’ Investigation
An investor in the company told Caixin
05/01/2019
Hong Kong, China Framework Comparison – Investment Suitability
The purpose was to protect customers’ interests and to avoid mis-selling of products, as part of ongoing efforts to strengthen their regulatory frameworks.
05/01/2019
BSP allows foreigners as bank directors, officers
Before the circular was issued, BSP Deputy Governor Chuchi Fonacier said in a text message non-Filipino citizens were only allowed to be directors of financial institutions to the extent of their foreign equity.
04/30/2019
SGX, UOB Sign Pact to Help Chinese Firms Expand Across ASEAN
Under the new MOU, more than 180,000 Chinese enterprises under CCOIC can benefit from UOB’s banking expertise and integrated ASEAN network, as well as from SGX’s trusted capital market infrastructure and deep liquidity to venture into Singapor
04/30/2019
Federal Court’s landmark ruling puts Islamic banks at ease
The industry heaved a sigh of relief at the decision, according to Mazura Mohamed Jamil, a director of the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).
04/30/2019
ASIC alleges fake professor, con artists used in online trading scam
Mr Senese spent seven years in jail in 2002 over misappropriation of investor funds.
04/30/2019
Singapore’s CPF Seeks Increased Quality Funding Services For Savings And Investments
The CPF is working to migrate around 34 million code lines from the agency's original mainframe and into a unified platform.
04/30/2019
Singapore central bank projects softer growth
The authority’s core inflation gauge is set to slide to the middle of a revised 1% to 2% range.