08/28/2017
Black money: Swiss parl panel to discuss auto sharing of banking info with India and others
The Federal Council adopted a resolution on June 15 regarding introduction of AEOIs with 41 jurisdictions including India.
Legal, Regulation & Compliance
08/28/2017
51 bankers, businessmen on trial in Vietnam for fraud
Tham is accused of approving the loan to the Trung Dung real estate company without proper collateral.
08/28/2017
HK securities watchdog signs pact with police to fight financial crime
The Hong Kong Special Administrative Region is a major international financial centre.
08/28/2017
APRA launches inquiry into CBA
APRA chairman Wayne Byres said the decision to initiate a prudential inquiry followed a number of issues which have raised concerns regarding the frameworks and practices, and have damaged the bank's reputation and public standing.
08/25/2017
Big four banks agree to ASIC contract changes
The four banks have acted on the call from the regulator to change their practices and address concerns raised.
08/25/2017
Chinese Bitcoin Exchanges Accused of Misappropriating Client Funds
Leading Chinese exchanges have been accused of using customer funds to make high-risk private investments.
08/25/2017
Government opens doors to offshore investment vehicles
It will also provide cost-effective opportunities to gain investment exposure to a wider range of assets.
08/24/2017
Chinese prosecutor war on 'financial crocodiles' gathers pace
The aim of the directive is to curtail the “spread of corruption”
08/23/2017
BSP sets tougher guidelines on corporate governance
The amendments also aim to promote an environment that fosters the critical exchange of views and exercise of objective judgment.
08/23/2017
Commonwealth Bank faces class action over money-laundering scandal
Lawyers announce potential lawsuit on behalf of shareholders hurt by the sharp fall in the bank’s shares
08/23/2017
ASIC flags stronger adviser surveillance
Among its priorities in the next six months, ASIC will focus on enforcing higher standards among financial advisers
08/23/2017
Latest enforcement report outlines ASIC's enforcement outcomes from the first half of 2017
ASIC Commissioner Cathie Armour said 'This report covers some of the important work done by ASIC over the last six months across a wide range of areas.
08/22/2017
EBA urged to follow Singapore's approach to the regulation of cloud outsourcing by banks
The firms must be able to demonstrate their compliance to the regulator.
08/22/2017
Money laundering probe exposes Australian banks' compliance frailties
That is not as widespread yet in Australia.
08/22/2017
Towards a new model for advice
The vast majority of advisers are evolving their charging model towards an ongoing service proposition with their customers.
08/22/2017
Taiwan and India to strengthen their relationship
Relationship between India and Taiwan has significantly improved along with rapid changes in regional security
08/21/2017
Yunfeng’s MassMutual Asia buy puts MPFA chairman in conflict
But he has not excused himself from the management board at the MPFA that provides "strategic guidance and policy direction to the authority.
08/21/2017
Ishaq Dar challenges SC verdict on Panama Papers
He maintained that No direction whatsoever was given to the JIT qua the Petitioner.
08/19/2017
Landbank seeks GCG OK of Postbank acquisition
Under Republic Act No. 10149 or the GOCC Governance Act of 2011, the GCG can merge, reorganize or streamline as well as abolish or privatize state corporations.
08/18/2017
Indonesian DGT issues guidance on tax treaty benefits
A regulation (PER-08) dated 12 May 2017 sets out rules for Indonesian resident taxpayers to obtain a certificate of domicile (COD) to apply for treaty benefits