03/25/2018
China Development Bank joins forces with BMCE Bank of Africa
The agreement between BMCEBOA and CBD will also be able to support sustainable development projects.
Legal, Regulation & Compliance
03/23/2018
Japan regulator warns cryptocurrency exchange Binance over unregistered ops
The regulator said Binance likely allowed Japanese residents to open accounts without confirming their identities
03/23/2018
ASIC closes doors on Storm charges with two fines
This involved them taking out home loans and margin loans to purchase units in said funds; these investments were used to pay Storm's fees.
03/23/2018
South Korea To Investigate Banks in Cryptocurrency-Linked AML Clampdown
South Korean officials are looking at ways to reduce risks associated with cryptocurrency trading.
03/22/2018
Central Bank Money Rules the World
When fears arise that central bank QE will recede on one side of the world, we see more volatility and rumors of hawkishness.
03/22/2018
Banks checking payment systems to prevent theft
"Foreign banks have also become the target,"
03/22/2018
Swiss Global looks to set up offices in Middle East and Asia
The announcement will see the group open news offices in Europe, Middle East, and the Far East.
03/21/2018
South Korea's Light Fintech Touch
The move mirrors similar efforts in Asia hubs Singapore and Hong Kong, which have both set up so-called sandboxes where fintech firms can test their services on prospective clients without being fully subject to regulation.
03/21/2018
Industry responds to latest FASEA guidance
The association said it will petition for the final legislation to prioritise the retention of existing advisers in the same way that it does the raising of education standards.
03/21/2018
LexisNexis Risk Solutions Anti-Money Laundering Solution Wins Top Award in Asia
LexisNexis Bridger Insight XG Awarded 'Best AML Solution' in 2017 at Asian Private Banker's Technology Awards
03/21/2018
Asia's banks leave room for debt funds to thrive
Australia is limiting bank lending to international buyers of real estate.
03/21/2018
The new head of China’s Central Bank faces a delicate balancing act
Its $5.7 trillion in financial assets give it the biggest balance sheet among major global central banks
03/21/2018
SFC reprimands and fines UBS Securities Asia Limited $4.5 million in relation to facilitation trading activities
It is also expected to maintain and keep sufficient records to explain its client facilitation business.
03/21/2018
Japan Quietly Hosted a Blockchain Roundtable for Central Banks, Regulators
The private meeting was held on March 8 and 9, an FSA announcement confirmed on Monday.
03/21/2018
Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties
The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.
03/20/2018
Philippines close to joining ASEAN cross-border fund pact
The source declined to disclose the date and venue of the meeting.
03/20/2018
Akin Gump Involved in Korean Corruption Scandal Implicating Former President Lee
Longtime client Samsung is alleged to have paid the U.S. firm $3.7 million in legal fees on behalf of another company in exchange for a presidential pardon for group chairman Lee Kun-hee.
03/20/2018
Sebi imposes fine on Wasankar Wealth Management, 5 others
"I am of the opinion that entities violating the directions issued by SEBI seriously compromise the regulatory framework and are detrimental to the interest of the investors in the securities market,"
03/20/2018
Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine
Corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto mining project.
03/20/2018
Legal battle over $250 million yacht seized in U.S. fraud probe
"We are facing some legal issues that have to be resolved first."