02/03/2017
FINMA sanctions Coutts for 1MDB breaches
When the account was opened, information was provided to the effect that USD 10 million would be transferred to it from the account holder’s family assets.
Legal, Regulation & Compliance
02/03/2017
LM directors escape legal sanctions in Australia
Asic's case focused on a decision of the directors to extend the loan in 2012.
02/03/2017
NAB and Bankwest forced to repay customers
The overcharging occurred because of poor disclosure of what services members would receive.
02/03/2017
Tech billionaire Sparks New Zealand Passport-for-Sale Row
Opposition parties accuse the government of turning citizenship into an asset wealthy foreigners can buy.
02/02/2017
Japan's pension megafund to invest in US infrastructure
Tokyo proposal steps up bilateral jobs initiative
02/02/2017
FINMA sanctions Coutts for 1MDB breaches
In the past five years, FINMA has issued industry bans against six bank managers following serious breaches of due diligence requirements. Last year FINMA launched enforcement proceedings against six further bank office holders, four of them in connection
02/01/2017
Further growth for Carey Olsen’s Singapore office
We’ve experienced strong growth in Asia in recent months
02/01/2017
Vizor Software Regulatory Technology Selected by Autoriti Monetari Brunei Darussalam
Autoriti Monetari Brunei Darussalam, a statutory body that acts as the central bank of Brunei Darussalam, has chosen Vizor Software, the leader in financial regulatory technology for its new Centralised Statistical System.
02/01/2017
Indonesia’s Largest Private Bank Launches $15 Million Fintech VC Firm
Relaxed regulations help Indonesia’s biggest private bank bulldoze its way into the Fintech space.
02/01/2017
First listing of an Isle of Man company on the Hong Kong Stock Exchange
The issue of guaranteed unsecured fixed rate notes represents the Group’s landmark return to the US$ bonds market since 2004.
01/31/2017
Big four banks to face fresh grilling at parliamentary inquiry
The inquiry mandates that hearings must occur at least annually.
01/31/2017
Tackling a challenging environment in Singapore
A likely outcome will be fewer firms over time.
01/31/2017
Tackling a challenging environment in Singapore
This is due to the pressure being put on market players by the regulations.
01/31/2017
Caution reigns over monetary policy in developing Asia
Rate-cutting days may be over but there is no rush to tighten policy yet
01/30/2017
Recognition for Mourant Ozannes as it celebrates 5th year in Hong Kong
In August, the firm relocated to new office space located in the heart of Central Hong Kong in order to accommodate this expansion.
01/30/2017
Scandal-hit pension fund loses managers ahead of relocation
This year, eight managers have already tendered their resignations.
01/29/2017
Japan, Malaysia and Singapore also see strong demand for new banknotes at Lunar New Year
Banknote turnover is low and circulates in the market for a long time
01/27/2017
CIRC tightens limits on equity investments for insurers
The new rule follows the regulator condemning some Chinese insurers for their barbaric behaviour in using premium capital to buy shares of listed companies in recent months.
01/27/2017
KIC promises to not hire former NPS investment officials
The relocation was part of a government initiative to decentralise from Seoul.
01/26/2017
China driving against 'millionaire's sport' with closure of 100 golf courses
The developers of the golf courses were found to have been using large amounts of arable land