12/05/2018
Malaysian court hits ‘Asian Great Gatsby’ Jho Low with fresh charges
The five new charges are related to his role in funnelling funds from the quasi-sovereign wealth fund 1MDB.
Legal, Regulation & Compliance
12/04/2018
Hong Kong Magistrate Court acquits former Standard Chartered private banker Ryan Gwee of bribery charge
Magistrate says ICAC fails to prove that HK$150,000 was paid to Gwee in relation to the handling of former Singfor boss' accounts at the bank
12/04/2018
Singapore banks offered $21M in funds to boost cybersecurity capabilities
Funded under the country's Financial Sector Technology and Innovation Scheme, the grant would facilitate the development of "advanced cybersecurity functions" such as cyber threat surveillance and intelligence gathering, computer forensics,
12/04/2018
Troubled Japanese Firm to Abandon Indonesian Banking Unit
The Tokyo-based financial conglomerate, with interests in banking, finance and other fields in South Korea, Indonesia, Cambodia, Thailand, Mongolia and Japan, counts among its shareholders
12/04/2018
‘Hope’ for Abraaj as court allows restructuring
Abraaj Holdings and Abraaj Investment Management filed for provisional liquidation in the Cayman Islands in June this year and since then several bidders have emerged for various Abraaj funds.
12/04/2018
Recognition for "extremely high technical proficiency" of Ogier's Hong Kong team
Practice Partner Nicholas Plowman said that the team had experienced a great 2018, including the arrivals of partner David Nelson, counsel Jacqueline Chan and senior associate Michael Snape, amongst others.
12/04/2018
MAS Launches Cybersecurity Capabilities Grant
The Cybersecurity Capabilities Grant will support financial institutions in advancing their cybersecurity technology and manpower needs.
12/04/2018
A Guide to Digital Token Offerings
MAS will examine the structure and characteristics of, including the rights attached to, a digital token in determining if the digital token is a type of capital markets products under the SFA.
12/04/2018
Chambers Ranks Top US Blockchain/Crypto Lawyers
Blockchain is a relatively new sector falling in the Fintech industry
12/03/2018
StanChart likely to axe Dubai, Singapore jobs amid cost reductions
The bank is weighing a plan to simplify its structure, reduce funding expenses and free up liquidity, people familiar with the matter said earlier this week.
12/03/2018
Mauritius’ SBM gets RBI approval to merge operations with its Indian subsidiary
The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).
12/03/2018
TransUnion Online Service Suspended in Hong Kong – Reports
The online service requires the input of personal information such as the name, ID card number, date of birth and phone number to access credit reports
12/03/2018
Singapore’s First Crypto Litigation Highlights Need for Regulatory Clarity
The case raises the question of whether, and in what circumstances, a crypto exchange operator has the right to reverse completed transactions.
12/03/2018
China allows UBS to control local securities business
This is the first foreign-controlled securities company approved by the China Securities Regulatory Commission after the implementation of the Measures for the Administration of Foreign-invested Securities Companies."
12/03/2018
Stepping into the unknown
Owners and operators are braced for the central bank's long-awaited rate hike
12/03/2018
Singapore Watchdog Releases Comprehensive Guide to ICO Legality
The document lists eleven possible types of token, all with different obligations.
12/02/2018
India, Hong Kong double taxation pact comes into effect
The agreement will also improve transparency in tax matters and will help curb tax evasion and tax avoidance
12/02/2018
UBS first foreign bank to gain majority stake in China venture
JPMorgan and Nomura await approval from securities regulator
11/30/2018
Lack of skilled fraud busters in Singapore
This can be achieved through the importing of talent from outside Singapore as well as through the upskilling of Singapore's existing workforce."
11/30/2018
Former chairman of top Vietnam bank arrested as corruption crackdown widens
While BIDV eventually managed to retrieve this money, the loans had helped Danh steal over VND9 trillion from VNCB.