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
Legal, Regulation & Compliance
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.
07/18/2016
Singapore places UBS, DBS and Falcon under scrutiny over 1MDB transactions
Reuters reported that Switzerland's Falcon Private Bank and Coutts International, owned by Geneva-based Union Bancaire Privee, are also under scrutiny. UBS, Coutts, and DBS have all declined to comment on this matter.
07/18/2016
Singapore Exchange CEO apologises for technical glitch that angered traders
The Monetary Authority of Singapore said it will review SGX's investigation findings before deciding on "appropriate supervisory actions."
07/18/2016
Singapore ‘in pursuit of 1MDB links’
It is important for Singapore to be seen to be taking action against any abuse of its private banking sector for money laundering.
07/18/2016
Most companies set up in Labuan originate from Asia
Non-residents dominated 77.3% of total Islamic financing.
07/14/2016
South Korea’s Pension Service Mulls Suing DSME Over Fraud Losses
The NPS saw its shareholding in DSME take an $86m hit between 2013 and 2015, the years where the accounting fraud manifested.
07/14/2016
BSI Bank’s former Singapore chief executive sues over bonus
The former chief executive of BSI Bank in Singapore, Hans-Peter Brunner, is suing the Swiss bank for freezing his bonus two months after the Singapore regulator ordered that the bank be shut down.
07/14/2016
OCBC Bank chief warns South China Sea ruling could be ‘potential flashpoint for the region’
Samuel Tien also says it is premature to write-off Britain’s influence as a global economic force, because of Brexit