07/22/2016
Hong Kong SFC adds Titanium Wealth Management Inc. to its Alert List
According to the SFC, the company gives two different Hong Kong address, but it is not located at neither of them.
Legal, Regulation & Compliance
07/22/2016
Fine Art Linked to 1MDB Seized in Switzerland
U.S. authorities apparently seized assets in Switzerland as well, as Switzerland’s prosecutor confirmed to Swiss newspaper
07/21/2016
Wolf of Wall Street Film Linked To Money 'Stolen From Malaysian fund', US Claim
The news follows a months-long international FBI probe, as well as five separate investigations around the world
07/21/2016
Banks defend ASIC’s rate rigging charges as reform looms
It’s a perception fanned in Australia by a sequence of market manipulation cases brought by ASIC against three of the four major banks.
07/21/2016
Singapore Authorities To Take Action Against DBS, StanChart And UBS Branches Among Others In 1MDB Probe
They also added that bank accounts belonging to various individuals have been seized and dealings in properties belonging to some of these individuals have been curtailed.
07/21/2016
Regulators Try Leverage Caps to Rein in Risk
The government has set new rules for investors buying and firms selling structured asset management products
07/21/2016
Malaysian finance centre grows Asia Pacific footprint
The Labuan FSA introduced international waqf guidelines in 2015, an endowment made by a Muslim to a religious, educational or charitable cause.
07/21/2016
Panama Papers link Japan’s shady online brokers to tax havens
Tax avoidance and easy incorporation procedures may be why those companies chose to set up the shells in tax havens
07/21/2016
Vic court upholds ruling against NAB
We would respectfully agree with the trial judge's conclusion that those clauses of the Banking Code had contractual force.
07/20/2016
Westpac, ANZ bank bill rigging defences delayed for ASIC to amend case
Westpac and ANZ were planning on filing defences to the Australian Securities and Investment Commission's allegations on Wednesday.
07/20/2016
Fight Goes on For Hong Kong Bank
We will vigorously resist Elliott’s attack on the Bank and its Directors.
07/20/2016
Regulatory framework for Fintech to be out in Q4, says Bank Negara
The various initiatives we have made on payment systems over the years are good examples of fintech.
07/19/2016
Chinese cross-border M&A robust in Q2
Globally, Brexit and political uncertainty in the United States are among the factors dampening deal makers' confidence.
07/19/2016
Malaysia Adopts Methodology To Thwart Money Laundering, Terrorism Financing
The Labuan Financial Services Authority continued to advance in supervisory cooperation with international regulatory authorities through the exchange of information with counterparties.
07/19/2016
Egypt, Philippines to establish business council by end of 2016 - Daily News Egypt
Egypt can be the Philippines’ gateway to Africa
07/19/2016
Private Investment Crowded Out as Banks Stick to State-backed Borrowers
Now the growth in money supply is increasingly being channeled into the economy through new loans
07/19/2016
China tightens rules on debt-investing asset management as defaults increase
The new rules would help lower financial risks.
07/18/2016
China’s Latest Plan for Market Control Involves the Central Bank
PBOC could take on a bigger role as Beijing looks to consolidate a fragmented system
07/18/2016
Corruption: NAB investigating Rs420m pension fraud
The suspects will be produced in court on July 29.
07/18/2016
‘Asia’s best’ hacker held for drugs, fraud
A “test-buy” from Silvano confirmed the information, said Jerome Bomediano, the division’s executive officer.