12/21/2016
Thailand Frees Swiss Key Witness in 1MDB Case
The Swiss citizen has now been freed by Thailand and will be able to spend Christmas in his home tome of Geneva.
Legal, Regulation & Compliance
12/21/2016
Ex-BSI banker found guilty in Singapore of charges linked to 1MDB probe
Yeo is facing seven separate charges
12/19/2016
Singapore regulator plans to make share short-selling transparent
Aggregate information on short sell orders and short positions would be published.
12/19/2016
‘Black Money’ Disclosures Not Immune From Criminal Liability: Taxation Laws (Second Amendment) Act, 2016 Came In To Force
The scheme has made it clear that there will be no immunity under the Criminal Acts with respect to the disclosures made under this scheme.
12/19/2016
Pakistan to exchange bank accountholders’ details with OECD
The FBR is discussing modalities with the banks to set up a system for exchanging information
12/19/2016
Australian Government Introduces Bill to Mandate Professional Standards for Financial Advisers
The Australian Securities and Investment Commission Regulatory Guide 146 sets out ASIC’s minimum expectations in terms of the knowledge, skill and education level as guidance.
12/19/2016
FSC calls for further internationalisation of Taiwanese companies
Mr. Huang encouraged Taiwan’s fund managers to work on developing their business overseas
12/19/2016
Legislative panel rejects rise for China-led Asian Investment Bank – ‘Pilots must be returned to KAC’
The Minister of Finance has asked the committee to approve $536 million after reducing the quota, but the Committee has rejected the government request.
12/19/2016
Hong Kong SFC Freezes Client Account
The SFC is not investigating either IBLLC or IBHK, which have cooperated with the SFC’s ongoing investigation.
12/16/2016
Ex-BSI banker becomes 2nd person convicted in Singapore's 1MDB probe
Prosecutors asked for a two-week jail sentence.
12/15/2016
ANZ and Macquarie fined for cartel conduct
The banks were also ordered to contribute to the ACCC's costs.
12/15/2016
16-440MR ASIC releases world-first licensing exemption for fintech businesses
ASIC’s 'fintech licensing exemption' is unique
12/15/2016
16-438MR ASIC releases new instrument for nominee and custody services and amends platforms class orders
The new nominee and custody services instrument and updates to the platforms class orders follow a public consultation released on 21 July this year.
12/14/2016
India-Cyprus tax treaty renegotiated: key provisions
The agreement may have important implications for investors that have already made investments
12/14/2016
PTI raises questions about investments in Dubai real estate
Who is the chairman of the National Assembly Standing Committee on Industries and Production.
12/14/2016
Central Bank to crack down on illegal foreign accounts
The firm is unable to determine which of its executives hold accounts at other Myanmar banks or foreign lenders, he said.
12/14/2016
Singapore regulator considers ethics training for advisers
The CMFAS at the moment includes modules on rules and regulations, as well as product knowledge.
12/12/2016
Asia Pacific 150: International firms still struggle to achieve top-line growth
It also aims for continued growth of its international private client, tax and corporate practice across Asia Pacific.
12/12/2016
UK and Hong Kong regulators agree deal to cooperate on fintech
The FCA or HKMA both intend to assist the innovator businesses in understanding the regulatory regime
12/12/2016
ANZ, NAB and Westpac rate rigging case could drag into 2018
In this scenario the first phase would see the three banks and ASIC fight it out over shared issues including whether the bank bill swap rate can even be manipulated.