11/23/2017
Malaysia to Place Bitcoiners Under Existing Anti-Money Laundering Laws
Such persons “would be designated as reporting institutions under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.”
Legal, Regulation & Compliance
11/23/2017
What to Expect From Asia's Big Central Banks Reshuffle
Leadership roles are up for review in China, Japan and others
11/23/2017
Monetary Authority Of Singapore And Abu Dhabi Global Market Foster Closer Cooperation In Banking Supervision
The signing ceremony was held on the sidelines of the annual Abu Dhabi Singapore Joint Forum in Abu Dhabi today.
11/22/2017
China guidelines for asset management products may be a “game changer”
The measures aim to address regulatory arbitrage loopholes and reduce leverage levels to curb asset price bubbles
11/22/2017
Revealed: Asia’s largest law firms 2017
Linklaters overtaking Mayer Brown JSM as the largest international firm in Hong Kong, while the Philippines has a new No. 1 in SyCip.
11/22/2017
Goldman Sachs Ordered to Pay $24 Million to Indonesia Tycoon
Jakarta court rejects counterclaim against Benny Tjokrosaputro
11/22/2017
FSS warns banks' overseas branches on weak risk management
The financial watchdog also pointed out that Woori Bank’s headquarters had failed to properly supervise overseas corporations.
11/22/2017
Chartwell Associates Partners with Crossbridge Capital to Offer Enhanced Investment Service for Singapore Clients
The agreement will provide Chartwell advisors with access to an extensive range of funds and investment products
11/21/2017
Regulation informs banks' asset forays
This will help increase differentiation of the business segment.
11/21/2017
SG: Withers snaps up Colin Ng’s finance, real estate team
The team acts across asset finance, corporate finance, and project finance matters, with a particular focus on real estate transactions.
11/21/2017
Hong Kong tribunal fines HSBC private bank $51 million for Lehman-linked products
The securities regulator had started its investigation into the issue after some HSBC private banking clients’ complained of losses arising from investments
11/21/2017
Japan's biggest lender MUFG plans to slash workforce some 15% by 2024
MUFG's announcement comes as its domestic rivals also attempt to streamline their operations to cushion profits.
11/21/2017
Singapore regulator calls for more feedback on payments law
MAS points out that activities that face customers or merchants, process funds or acquire transactions, and pose relevant regulatory concerns will need to be licensed.
11/20/2017
More Legal Woes For HSBC
HSBC Is Being Dragged Into High Profile Legal Proceedings
11/20/2017
Collaboration with industry and regulators key to enhancing RegTech innovation in Singapore and the region
The Hon. Mr Gosper advocated for Australia and Singapore to work together to safeguard against potential threats and enhance RegTech innovation.
11/20/2017
Institutional Investors Accelerating Moves Toward Participation In Stewardship Code
Institutional Investors Have Been Picking Up Speed In Taking Part In The Stewardship Code
11/19/2017
Hong Kong’s bitcoin businesses suffer after local bank accounts frozen
Companies say they have had to go to foreign banks after disruption
11/19/2017
India gets nod to access details on black money stashed in Swiss banks
The proposal will now be submitted for approval from the upper chamber of Swiss Parliament, the Council of States, in the winter session beginning November 27.
11/17/2017
NAB joins Commonwealth in anti-money laundering compliance issues
NAB revealed the issue in its latest annual report, something which it is currently investigating internally.
11/17/2017
South Africa creates new partnerships with India
The purpose of the conference is to have networking between professionals, business people, industries and experts.