05/30/2016
Top management sets the tone in fight against money laundering
It said that it had highlighted "many serious risks" since 2013
Legal, Regulation & Compliance
05/30/2016
ASIC permanently bans ex-HSBC, ANZ planners
In permanently banning Kwok, ASIC found reason to believe that he was not of good fame or character.
05/30/2016
Islamic banking set to launch in India amid controversy
Like other Islamic banks, the IDB does not charge interest on loans or pay interest on deposits.
05/30/2016
HSBC boosts oversight of safety boxes in Hong Kong
A report commissioned by the federal government of Switzerland highlighted in December how in certain circumstances safety boxes can be vulnerable to financial crimes.
05/27/2016
No, central banks have not exhausted their policy options
Central banks have duly employed more radical treatments than ever before.
05/27/2016
Up to a dozen banks are reportedly investigating potential SWIFT breaches
The incidents are part of a larger trend of cybercriminals targeting financial institutions directly instead of customers
05/27/2016
Appleby acted for Yadea & Tem on their HKEx Listings
The firm served as Cayman counsel to Yadea Group in its approximately HK$1.49 billion listing on the Main Board of the HKEx
05/26/2016
Japan Passes Bill to Regulate Bitcoin Exchanges
Japan has enacted a bill today that will see the regulation of operators of virtual currency exchanges, a Japan Times report revealed.
05/26/2016
Government will try to lower MPF core fund management fee, Hong Kong financial services chief promises
Chan Ka-keung says review will be held, but did not give fixed date
05/25/2016
BTG Pactual wants Generali indemnity over BSI's 1MDB link, source says
Singapore closed BSI's local branch on Tuesday as part of a probe into 1Malaysia Development Bhd, a Malaysian fund that was a client of the bank.
05/25/2016
Former Asia Global Finance Chair Sues Barclays For $2.4 Million
Pratt is suing the bank’s Asia unit for money he was allegedly owed after leaving the firm.
05/25/2016
Regulators step up pressure on Asian banks
Lisa Jucca says no bank, big or small, is immune.
05/24/2016
Economists eye growth, labour data to track MAS's next move
They say that better than expected inflation data in April has probably been factored into MAS's April's easing
05/24/2016
Singapore and Swiss authorities crack down on BSI amid 1MDB probe
It is the first time since 1984 that the MAS has withdrawn its approval for a merchant bank in the city-state, writes Peter Wells.
05/24/2016
Withers advises Pro-invest Group on A$300 million capital raise for groundbreaking ANZ hotels fund
The fund will invest in Australian and New Zealand properties that will be developed into Holiday Inn Express branded hotels.
05/24/2016
Herbert Smith Freehills takes home Asia Tax Award for disputes expertise
The honour was in recognition of outstanding local advice on litigation and disputes and was announced earlier this month at an event in Singapore.
05/23/2016
Blockchain sends banking regulators back to basics
Regulators are now asking if blockchain process will have an impact on how they protect consumers and keep the financial system stable if something goes wrong
05/20/2016
Former BSI S'pore employee to be remanded another week as prosecution probes further
Prosecutors said in court yesterday that they are following "new lines of critical enquiries that have opened up".
05/20/2016
ICBC to Issue First Renminbi Certificate of Deposit to Settle in U.S.
Members of the Working Group Chaired by Michael R. Bloomberg Lead Effort to Establish Trading and Clearing of RMB in the U.S.
05/20/2016
KP NAB arrests Mudaraba scam absconder
Rs 2.71 Billion was looted from innocent masses in grab of fake Life Medicine Company Traders.