01/21/2021
Officers also seized HK$7.8 million in cash at the home of one of the suspects, who were detained in a series of raids across the city on Tuesday
01/21/2021
Ma had disappeared from public view after Chinese regulators moved to shut down his fintech company Ant Group’s planned $35 billion IPO.
01/21/2021
Regulators also plan to enhance FX liquidity standards for nonbank financial institutions, including requirements to hold at least 20 percent of sold derivative-linked securities in liquid assets.
01/21/2021
The MoU also establishes a framework for exchange of information, regular dialogue, and regulatory cooperation in relation to the cross-border offering of eligible Hong Kong and Thai funds.
01/21/2021
Gross revenue was up 36 per cent to $276 million for the quarter, from $203 million a year ago, mainly due to the merger, the manager of the trust said in a regulatory filing.
01/21/2021
“This report is the first time that we share comprehensive and practical, hands-on experience from banks that have actually implemented AML/CFT Regtech.“
01/20/2021
Against this backdrop, the Chinese government consulted the public on revisions to the Administrative Measures for Foreign Investors’ Strategic Investment in Listed Companies (Draft Administrative Measures) on 18 June 2020.
01/20/2021
The holding company would also contain MYbank, an online lender in which Ant is the largest shareholder.
01/20/2021
AkademikerPension will now sell all Chinese government bonds and shares in state-owned Chinese companies.
01/20/2021
There are reasons to believe that an answer is available in “Asia”
01/20/2021
A detailed forensic cyber investigation is underway and the Bank is working directly with affected stakeholders whose information may have been breached.
01/20/2021
APRA has also released for consultation an updated version of Prudential Practice Guide SPG 250 Insurance in Superannuation (SPG 250), which contains further guidance on the new proposed requirements.
01/20/2021
The material failures of Goldman Sachs and Westpac highlighted the need for financial institutions to go back to basics in understanding the underlying reasons for AML laws and why financial crime controls and oversight are so important.
01/19/2021
The government is likely to continue to rely on macro prudential measures to address its concerns for the housing market while interest rate normalization is likely premature given the uncertainties.
01/19/2021
In his Facebook post, Hui asked HSBC to explain why members of his family were also “collectively punished”.
01/19/2021
The GBA is a cluster of 11 cities in southern China’s Guangdong province – including Hong Kong and Macau – that forms the nucleus of one of the world’s fastest-growing economic regions.
01/19/2021
Internet deposit products have initially been launched by commercial banks with the help of online platforms that count a large userbase.
01/19/2021
The banning of Mr Pavlidis will be recorded on ASIC’s publicly available Financial Advisers Register and the Banned and Disqualified Persons Register.
01/19/2021
The House of Representatives approved its own version of the AML Act amendments last December.
01/18/2021
The protocol was launched in October 2020, intended as a safety net to mitigate the systemic impact of an IBOR cessation in the worst-case scenario.