05/19/2016
HK regulator says Alibaba broke takeover rules with "special deal"
The company said on Wednesday it is reviewing the panel's ruling and that it believes it has complied with the takeover code.
Legal, Regulation & Compliance
05/19/2016
Philippine Legislators End $81 Million Cyber-Heist Investigation
The money was then wired by a local remittance company into local gaming halls, where the money trail has gone cold.
05/18/2016
Australia regulator says in advanced stages of rate-rigging probe
The BBSW is the primary interest rate benchmark used in Australian financial markets to price home loans, credit cards and other financial products worth trillions of dollars.
05/18/2016
Stricter Debt Controls Set For Chinese Asset Managers
CSRC likely to cap debt ratio for equities investment at 100 per cent for asset management businesses
05/18/2016
Top Wilful Defaulter Zoom Developers Linked to BVI Trust
According to an investigative audit by the lenders, Zoom allegedly diverted loan funds to 350-odd subsidiaries, related parties based in India and abroad, and to purchase jewellery for the wife of its promoter Chaudhary.
05/17/2016
Hong Kong must work towards a ‘Panama Papers Ordinance’ to end automatic recognition of offshore firms
Companies should no longer be accepted as being from the British Virgin Islands without having a significant share of their revenue and assets actually produced there
05/17/2016
Panama says tax evasion ‘not a crime’ there, offers to help India
“Panama is committed to cooperate and exchange of information but these can be only on bilateral terms,” Navarro said during an interaction here adding “the country which takes the information should be prepared to take it and use it acc
05/17/2016
Police on Peak watch after home of banker ransacked
A French banker who lives in the house at 22 Barker Road reported to police on Sunday that a safe box was missing when he returned to the four-story dwelling, which police said had been ransacked.
05/17/2016
Report: Swiss bank in 1MDB saga 'investigating its employees'
BSI’s ongoing inquiry reportedly comes as authorities across the globe examine claims that 1MDB was used to funnel money to politically-connected individuals.
05/17/2016
Singapore, Philippines central banks move to tighten cyber security
The two attacks through SWIFT, used by about 11,000 banks and institutions around the world, have sent tremors through the global financial industry.
05/17/2016
Malaysia Says Too Early to Conclude Fraud in 1MDB-Abu Dhabi Deal
A report by a Malaysian parliamentary committee last month identified at least $4.2 billion of questionable transactions by 1MDB
05/16/2016
'Mauritius, Singapore account for 50 p.c. of total FDI into India'
Structural fundamentals will be good as the government is trying to weed out the twists in tax structures.
05/16/2016
US Exposes Global Finance Firms' China 'Influence-Peddling'
The Securities and Exchange Commission and the Department of Justice began investigating the recruitment programs of major investment banks three years ago, to see whether they violated the Foreign Corrupt Practices Act by hiring the friends and relatives
05/16/2016
1MDB gets more time to repatriate $2.5 billion
The governor did not provide a time frame for 1Malaysia Development Berhad (1MDB) to return the money.
05/16/2016
Imran Khan has clear record for paying taxes, says law firm
Yousaf Islam Associates, the firm handling financial issues of Chairman Pakistan Tehreek-e-Insaf Imran Khan, on Sunday said the chairman PTI had clear record for paying taxes regularly, ARY News reported.
05/16/2016
China's state-run TV airs confession of asset management firm exec arrested over $1 billion fraud
It owes more than half its 25,000 investors a total of 5.2 billion yuan (S$1 billion) said the broadcaster, which is based in the commercial hub.
05/16/2016
China asks Britain for advice on creating financial super-regulator
The UK Treasury has lobbied hard to become China's partner of choice on a range of financial issue
05/16/2016
Proskauer Makes Real Estate Push In London With DLA Hire As Latham Taps Kirkland In Asia for Another PE specialist
Proskauer Rose has made a strategic play to capture work in London's burgeoning real estate market with the hire of DLA Piper's global co-chair of hospitality and leisure, Joanne Owen.
05/16/2016
Major foreign investors like JPMorgan, HSBC, Goldman okay with Sebi proposal for tightening P-Note Rules
As Sebi readies to tighten its rules for controversy-ridden P-Notes, major foreign investors including JPMorgan, HSBC, UBS and Goldman Sachs have supported the proposed provisions for immediate reporting of any breach to the regulator and filing of suspic
05/13/2016
Singapore charges ex-BSI banker with forgery in 1MDB-linked probe
Singapore authorities are conducting a wide-ranging money-laundering probe into bank accounts linked to 1MDB, whose activities have triggered investigations across three continents.