02/12/2019
Underground banking operators to be charged with illegal business operations
The judicial explanation aims to cope with the evolution of crimes involving foreign currencies, said a joint statement from the SPC and SPP.
Legal, Regulation & Compliance
02/12/2019
Hong Kong’s Latest Foreign Currency Reserve Assets Figures Released
The total foreign currency reserve assets of US$432.0 billion represent about seven times the currency in circulation
02/12/2019
Legal frontiers in the Caymans
The first in our new legal frontiers series explores the considerable opportunities available to companies that utilise offshore structures in the Cayman Islands.
02/12/2019
Proof of debt appeals: The Court's approach to a challenge to an Official Liquidator's adjudication
Unusually for a proof of debt appeal, the appeal proceedings were ongoing for around 18 months
02/12/2019
Former Banker Sues UOB For Race Discrimination
Smith, who was a senior officer in the bank's treasury business, said UOB changed the minutes of the meeting that originally described how the candidate needed to «fit into UOB
02/11/2019
Aleema Khan deposits 25pc of tax: FBR chairman
Talking to journalists, the FBR chairman said that Aleema Khan had assured to submit the remaining amount of tax in installments.
02/11/2019
Future Fund chairman Peter Costello wants government default super fund
The Future Fund on Monday revealed a healthy 5.8 per cent return in 2018 and significantly outperformed industry and retail superannuation funds due to it taking less risk amid global market volatility.
02/11/2019
Full Implementation of Basel III Needed at the National Level
According to Wuermeling, the BCBS has reduced the likelihood of a ‘regulatory race to the bottom’ and the opportunity for regulatory arbitrage.
02/11/2019
An offer too good to refuse?
Not unexpectedly, three issues that attracted the greatest concern were offshore accounts, acceptance in good faith by revenue and additional information from third parties.
02/10/2019
China takes aim at new target in black market banking on fears of capital flight
Top court and prosecutors say they are cracking down on contra payments and the threat they pose to society
02/10/2019
Variable Capital Companies in Singapore spark major changes in the global fund management industry
The legislation is a game changer for the fund management industry not only in Singapore, but across the globe.
02/10/2019
ASIC took 3 years to charge rogue Deutsche Bank trader
He appeared in the NSW District Court last week for his sentencing hearing.
02/10/2019
How an investment planner siphoned $4.7 million under his clients’ noses
Miller's record keeping was so poor that ASIC investigators still don't know how many clients he took money from, however at this stage they estimate between 40 and 50.
02/08/2019
Another Japanese bank is leaking fixed income professionals
None of the three men responded to an enquiry about their disappearance.
02/08/2019
Jakarta and Berne agree to trace illicit funds in Swiss banks
The two sides sign deal to regulate legal assistance to track down, freeze, seize and take assets resulting from criminal activities, tax fraud included, even retroactively.
02/08/2019
Loans just got cheaper in India as RBI cuts repo rate
Landmark move may drive increased lending within the economy
02/08/2019
Treasury initiates review post RC
The desirability of predictable and stable funding for the legal assistance sector and financial counselling services is clear and how this may best be delivered is worthy of careful consideration," he wrote.
02/08/2019
MAS Consults on Revisions to Banking Act
For credit card or charge card licensees, MAS proposes enhance its ability to ensure the fitness and properness of controllers, directors and prescribed executive officers by requiring licensees to obtain MAS approval for such appointments.
02/08/2019
MAS Proposes New Requirements for Banks’ Outsourced Functions
This new consultation paper seeks feedback on proposed revisions to the regime governing the outsourcing arrangements of banks and merchant banks, including amendments to the Banking Act.
02/08/2019
China Post Global receives RQFII quota
China Post Global has been active in London, where it launched several exchange-traded funds.