07/15/2012
The Finance Ministry stated that it had been agreed to make it easier for the tax authorities in each country to request and obtain financial information, allowing for the disclosure of information on bank accounts believed to be operated by those of the
07/12/2012
The Department of Justice approved the filing of 87 counts of qualified theft case against a former executive of Citibank for allegedly embezzling over P100 million of his client’s money.
07/12/2012
The bilateral treaty between India and Switzerland, the Double Taxation Avoidance Agreement (DTAA), provides the framework within which Indian authorities can seek administrative assistance against tax evasion or fraud.
07/11/2012
This practice, which started last year, exaggerates the size and stability of banks' liquidity and masks any stresses on the country's financial system at a time when the world's second-biggest economy is expanding at the weakest pace since
07/11/2012
In the note sent to employees on Tuesday, the London-based lender's chief executive Stuart Gulliver said the Permanent Subcommittee on Investigations would expose weaknesses in the bank's money laundering controls.
07/09/2012
India joins countries including the UK and the US in cracking down on rich people who haven’t disclosed offshore funds amid probes into money laundering and tax evasion.
07/09/2012
That assurance was given by Laura Cha Shih May-lung, formerly with the China Securities Regulatory Commission, who was appointed by Chief Executive Leung Chun-ying to chair the preparatory work on the council.
07/09/2012
Baker & McKenzie did 30 deals worth $13.6bn, and the firm slipped marginally from first to second place on the tables in the past year.
07/09/2012
Former Herbert Smith alliance partner Stibbe is set to launch an office in Hong Kong with the aim of assisting Chinese clients with European investments.
07/09/2012
International law firm promotes lawyers in Bermuda and Hong Kong
Corporate and Private Client teams have been promoted to Director.
07/08/2012
Home Affairs and Justice Minister Jason Clare said while the five-year, $113 million figure was alarming, the real toll was likely to be much higher as many victims were often too embarrassed to go to authorities.
07/08/2012
As per the new rules, exchanges can also get listed, although not on their own platform.
07/08/2012
It said the decision formed part of an agreement to enhance banking services cooperation with Beijing under the existing China-Singapore Free Trade Agreement.
07/08/2012
Media’s ‘bad apple’ theory no longer works
07/04/2012
Financial services minister Tadahiro Matsushita on Wednesday instructed an advisory panel of scholars and experts to review current regulations and propose new rules, including penalising those who pass on insider information.
07/03/2012
Nomura last week said it will cut top executives’ pay and suspend some operations amid a government crackdown on insider trading.
07/03/2012
The banks, which are classified under the government’s Qualifying Full Banks Programme, will be evaluated based on their market share of domestic deposits.
07/02/2012
Linkaters’ Australian alliance firm Allens Arthur Robinson (AAR) has been hit by a team defection to Clyde & Co which is set to launch in the region in October.
07/02/2012
The fifth partner is Jason Carmichael, who focuses on corporate and M&A. He joins from local Hong Kong firm CdB and JC& Co, which he co-founded in 2009 after he left Clyde & Co’s Hong Kong office.
07/02/2012
The announcement confirmed the terms of the report late on Thursday. In the year to end-March, 59-year-old Watanabe was paid 128 million yen ($1.6 million), including options.