02/17/2012
Singapore to tighten safeguards against money laundering
FATF is an inter-governmental body which sets international standards for mechanisms to prevent corrupt financial practices.
02/16/2012
Bank Indonesia may sanction UOB over alleged abuse of client
Speaking at a hearing at the House of Representatives on Tuesday, Bank Indonesia (BI) deputy governor Halim Alamsyah said UOB could have its permits revoked should the bank be found guilty in court of illegal conduct.
02/15/2012
Mourant Ozannes appoints Living for Asian growth
Mourant Ozannes is a leading offshore law firm, which recently opened an office in Hong Kong in order to provide clients and intermediaries with access to the firm’s offshore legal services in an Asian time zone.
02/15/2012
Ex-Citigroup Executive Denies Wrongdoing in Tibor-Fixing Probe
The agency said Director A and another Citigroup trader engaged in “seriously unjust and malicious” conduct by asking bankers to alter data they submitted while setting a benchmark Japanese lending rate.
02/14/2012
China grants 7 investment licences to foreign institutions in January
The China Securities Regulatory Commission (CSRC) granted the licences to investors including South Korea's National Pension Service and Shinhan BNP Paribas Asset Management Co Ltd, as well as Taiwan's Mercuries Life Insurance Co Ltd and Hong
02/14/2012
"We have sent a communication to them, asking them to tell us about the source of the sundry income and how it has been dealt with. We are yet to get a response from them," Shah said.
02/08/2012
He began his career in Perth more than 15 years ago before moving to London in 2000 to join UK firm Berwin Leighton Paisner
02/06/2012
Collusion between these banks is suspected to have influenced the London interbank offered rate and the Tokyo interbank offered rate, two indicators of the interbank interest rate level.
01/31/2012
THE Crocodile Dundee star Paul Hogan has failed in his attempt to keep secret dozens of documents relating to his fight with the Australia Taxation Office over an alleged multimillion-dollar tax avoidance.
01/31/2012
“The trades were carried out through the instigation of Chwee without any consultation with WF Ow,” the Ows said in their lawsuit.
01/30/2012
Switzerland has been lobbying for a year to get the investigations dropped in return for the payment of a hefty fine and the transfer of names of thousands of U.S. bank clients suspected of dodging taxes.
01/30/2012
Jason Green, who led Stanford Group’s private-client group, cited the loss while being cross-examined by the defense on the fifth day of Stanford’s investor fraud trial in federal court in Houston.
01/26/2012
Tan Chi Min, previously the head of delta trading with RBS's global banking and markets division in Singapore, late last year commenced a suit against the bank after his employment was terminated in November last year.
01/25/2012
Greenko will use the funds primarily to support the development of the renewable power projects of the Greenko group as a whole and will benefit from Standard Chartered's strong expertise of providing debt solutions in the project finance sector.
01/20/2012
The transactions must be reported to the Financial Transaction Reports and Analysis Centre (PPATK).
01/20/2012
Switzerland’s biggest publicly traded private bank won the ruling at Singapore’s High Court last week, said the people, who weren’t authorized to speak publicly about the decision.
01/19/2012
It also led to the suicide of a Singapore warehouse manager, who was a star witness in the case and an employee of the warehousing company Fujitrans (Singapore).
01/19/2012
He deserved to be fired because he was guilty of “gross misconduct,” RBS, Britain’s biggest government-owned lender, said in court papers filed in Singapore High Court late yesterday.
01/18/2012
SBI Japannext, Chi-X Japan Ltd. and other new venues that display prices handled 5 percent of the trades in Topix Index stocks last year, the most since the platforms started in 2007, data compiled by Bloomberg shows.
01/16/2012
Ma Sin-chi, a managing director of Deutsche Bank in Hong Kong, appeared in court Thursday charged with accepting advantages following an investigation by the Independent Commission Against Corruption (ICAC).