03/19/2012
No Place for Shari`ah: Aussie Gov’t
Australian Muslim have been urging recognition of the Shari`ah Islamic law to boost integration and assimilation.
Legal, Regulation & Compliance
03/19/2012
China police blocked visit, says fiance of detained S'porean
American Jason David Tan, 34, had been scheduled to meet with Singaporean Eden Wu Yidian, in a hotel in Jiangyin, the city in Jiangsu province where she is being detained, he said in a telephone interview.
03/16/2012
Death of the bank safety deposit box
At Prakash Palicha's home in South London the security is now tighter than ever. He has had a new alarm fitted and every door has three locks.
03/15/2012
Standard Chartered employee held by police in China
In a case that could highlight the risks bankers face in handling the finances of China's superrich, Chinese authorities have detained an employee of Standard Chartered PLC on suspicion she aided criminal activity, which her fiancé says refers
03/14/2012
Global Law Firm boosts productivity, improves client satisfaction and helps the environment
The new platform is used extensively for a wide range of activities – from senior executives holding board meetings to the internal support team running training sessions, global case reviews, and client meetings.
03/14/2012
Leading Indonesian law firm expands banking and finance team
He is a recognised leading banking and finance lawyer with over 15 years experience advising clients in the Indonesian legal market.
03/13/2012
Central Bank Mulls Tighter Reserve Rules For Indonesian Banks
Bank Indonesia is considering raising the statutory reserve requirement faced by commercial banks in a move aimed at containing inflationary pressures caused by April’s scheduled fuel-price increase.
03/13/2012
UK barrister to drive growth at Sciaroni & Associates
An Oxford-educated economist with practical knowledge and experience of international investment, among other experiences he has advised on a $150 billion portfolio for a major international bank.
03/13/2012
Linklaters and Debevoise lead on AIG's $6bn Hong Kong share sale
Debevoise & Plimpton and Linklaters have taken lead roles on AIG's $6bn (£3.8bn) placement of shares in its Hong Kong spin-off, AIA Group, reports The Asian Lawyer.
03/09/2012
Singapore MAS Got Requests From Overseas Regulators Over Interbank Rate Probes
The Monetary Authority of Singapore Friday said it has received requests from regulators in other jurisdictions to assist in probes into the alleged manipulation of benchmark interbank rates.
03/08/2012
Ex-Citigroup banker convicted in Indonesia fraud case
A Jakarta court convicted Inong Malinda Dee, 50, of stealing $4.4 million from clients and sentenced her to eight years in prison. She was also ordered to pay a fine of $1.1 million.
03/07/2012
Tax fraud scheme 'handed back cash in paper bags'
The allegation was made in the New South Wales Supreme Court where Sydney-based accountants Carol Abibadra, Kevin Zerafa and Deborah Judith Jandagi, along with Agius, have pleaded not guilty to charges that they conspired to defraud the Commonwealth from
03/07/2012
Ferraris fueled glamour lifestyle in Indonesia corruption case
An Indonesian court convicted on Wednesday a former relationship manager with Citibank of money laundering in a case involving Ferraris bought with ill-gotten cash that powered the lifestyles of a glamour-hungry clique.
03/06/2012
New FATCA regulations are out, institutions must act fast
The FATCA Seminar was tailored to address the unique needs of Middle Eastern institutions, including Islamic banking and takaful insurance structures as well as sovereign wealth funds, and family offices.
03/06/2012
RPC sends City lawyer to bolster Singapore base
It was the firm’s first international office and was intended to show the firm’s insurance client base its commitment to the international market.
03/05/2012
$258.8m lost in scams: Malaysia
The Companies Commission of Malaysia (SSM), concerned over the rise of such scams, published an advertorial in the wake of recent complaints over a Canadian land-banking scheme to remind investors of the risks involved.
03/05/2012
Global law firm keen to open India office
The firm has been associated with the country for about 50 years and has been advising Indian companies on their global operations and investments.
03/02/2012
Ashurst set for Beijing launch with Mallesons hire
Ashurst is set to launch an office in Beijing with the hire of structured finance partner from legacy Mallesons Stephen Jaques.
02/29/2012
HSBC provides info on clients having accounts in India to US Close
In April last year, HSBC Bank USA received summons from the US Internal Revenue Service (IRS) asking the entity to produce records with respect to US-based clients of an HSBC group company in India, the banking giant has said.
02/28/2012
Hasan Ali case: two ex-UBS staff summoned
The summons will be served on them through the competent authorities in Switzerland, sources said.