07/16/2020
From a series of thematic inspections of capital market intermediaries, MAS found that several capital market intermediaries failed to detect “major lapses” by service providers, which resulted in AML/CFT breaches.
07/16/2020
The agency will co-host an online-based seminar on July 30 to provide information to African companies to help them expand trade with Korean counterparts by using the sublease contract.
07/15/2020
Chinese firms listed in the U.S. have been facing a bad run in the recent year with the Kingold gilded copper fraud following closely on the heels of accounting scandals at Luckin Coffee and TAL Education Group.
07/15/2020
There are many ways in which the RM can be re-invented in the decade ahead, and many steps are already being undertaken to achieve precisely that.
07/15/2020
Those complaints were about the BOLR changes, AMP applying legislative changes to grandfathered commissions ahead of the legislated timeline and AMP issuing notices of termination to an estimated 205 planners.
07/15/2020
Minutella believes that non-financial corporations are about ten years behind banks in terms of their focus on KYC and due diligence. “
07/14/2020
It has taken over Strabens Hall’s business in the SAR and works closely with the firm in the UK.
07/14/2020
The new rules, proposed in a May consultation, will allow local branches of foreign banks to apply for a fund custody licence, provided they satisfy qualifications on asset size and business experience, among other requirements.
07/14/2020
This follows a decision on 28 May 2020 by the National People’s Congress (the national legislature of the PRC) to implement a Hong Kong national security law.
07/14/2020
The LPF will be registered if the Registrar of Companies is satisfied the application contains the necessary documents and information and the requisite application fee is paid.
07/14/2020
Collaboration will facilitate roll-out of IoT across Asia Pacific
07/13/2020
In June 2020, 282 cases were received and the handling of 199 cases was completed. As at end-June, the handling of 621 cases was in progress.
07/13/2020
Retail and corporate banks with a big presence in Hong Kong such as Citigroup and HSBC could be more exposed to the risks from the bills especially on sizeable transactions done through local units, one of the people said.
07/13/2020
In addition to weaker assets, the CBIRC also underlined the up to one-year lag in risk exposure due as banks can book interest income early even when actual repayment are delayed under new rules.
07/13/2020
The investigation revealed a group of people that used payroll services companies to divert pay-as-you-go withholding tax and goods and services tax owed to the ATO.
07/13/2020
It said fiscal policy will need to remain supportive and flexible until a safe and durable exit from the crisis is secured.
07/10/2020
Bank is plotting next stage of its turnaround narrative through this move
07/10/2020
Cross-border banking partnerships seen as key to implementation
07/10/2020
Diokno has assured the local markets previously that the two local banks tagged in the Wirecard scandal
07/10/2020
This Legal Update will focus on the Guidelines as they relate to insurers.