05/11/2016
The 60-year-old Mallya, a Formula 1 boss known as the "King of Good Times" for his party lifestyle, is the subject of a non-bailable warrant issued by a special judge in Mumbai.
05/10/2016
"We’re considering if we can come up with a stress test-like setup,” Toshihide Endo, the director-general of the FSA’s supervisory bureau, said in an interview last month. "We don’t plan to impose external tests.
05/10/2016
The move comes as Australia’s large banks all make changes to lending to offshore clients with increasing fears of home loan fraud and money-laundering.
05/10/2016
What's exciting about this acquisition is how we can make our clients' lives easier by removing some of the governance burden of monitoring legislative and regulatory changes and the impact these can have on our clients operations.
05/10/2016
The Firm took home both the regional award, 'Asia Tax Litigation and Disputes Firm of the Year,' as well as the national award, 'Tax Disputes & Litigation Firm of the Year' for Hong Kong and Vietnam.
05/10/2016
We don’t plan to impose external tests.
05/10/2016
The Government will also consider guidance from the FinTech Advisory Group as part of broader considerations around the AML/CTF regulation of digital currencies.
05/10/2016
Although there has been no instance of a sukuk default since 2010, the strengthening of legal frameworks and regulations regarding sukuk resolution in default cases could facilitate more international sukuk issuances.
05/09/2016
Singapore Banks Discuss Cooperation to Fight Money Laundering
The bank believes the new model "will bring significant control and operational efficiency benefits to the industry and Singapore," Yuen said by e-mail, adding that it’s premature to discuss details of the initiative.
05/09/2016
Allen & Overy announces 35 new Counsel promotions
The 35 promotions span the Banking, Corporate, Employment, ICM, Litigation, Real Estate and Tax practices and are effective as of 1 May 2016.
05/09/2016
Westpac, ANZ Investigating Suspected Foreign Home Loan Fraud
Two of Australia's biggest banks on Monday said they are investigating suspected fraud involving false declarations by a number of home loan borrowers who rely on foreign income.
05/09/2016
Regulations Still Abound in South Korean Hedge Fund Market
One of the examples is that a hedge fund has to be raised by 49 persons or less, which was maintained while the minimum fund amount required was lowered from 500 million won to 100 million won last year.
05/09/2016
BLP London-based partner Jonathan Sacher replaces Phillips as head of international arbitration.
05/06/2016
The law firm of his lawyer, Philip Fong, "likely constitute proceeds linked to criminal conduct".
05/06/2016
The watchdog has tried cracking down on similar arrangements in the past.
05/06/2016
The risk from pooling money is that cash from new investors can be used to repay existing investors, as occurs in the scams named after Charles Ponzi.
05/05/2016
More than 2,000 private fundraising and management firms will be forced out of the Chinese market, according to the China Securities Regulatory Commission and the Asset Management Industry Association of China.
05/05/2016
The authorities are probing "complex and layered transactions" with "cross-border elements" involving many shell companies in their investigations into 1MDB, said Singapore's chief prosecutor Tan Ken Hwee.
05/05/2016
Earlier at the EGM, MBSB shareholders approved the resolution for a rights issue to raise RM2 billion to beef up the group's capital position.
05/05/2016
Record-high penalty was for alleged misselling of Lehman Brothers products