05/15/2020
Westpac files defence over AML failings
The defence also provides some explanation and clarity around a number of the allegations
Legal, Regulation & Compliance
05/15/2020
China Blacklists Six Executives Linked To $4.2 Billion Fraud
The China Securities Regulatory Commission also ordered the company, a producer of traditional Chinese medicines, to pay a 600,000 yuan ($84,558) fine.
05/14/2020
New S$6 Million Grant Scheme to Support Singapore FinTech Firms
Applications for the Grant will open on 18 May 2020 and will be available until 31 December 2021.
05/14/2020
China regulator permits Hannover Re branch to increase capital
CBIRC says seven foreign reinsurers, including Korean Re and Gen Re, and three domestic players have been licensed as of December.
05/14/2020
ME Bank pays industry funds no dividends
During the previous hearing of the committee, Wilson had also asked Industry Super Australia chief executive Bernie Dean whether ISA employs Beck.
05/14/2020
Adviser guilty of misuse of client money
The charges carry various maximum penalties of between 10 to 14 years' imprisonment.
05/14/2020
ASIC secures $160m in remediation over junk credit insurance
Over $160 million will be back in the pockets of close to half a million consumers sold this junk insurance.
05/14/2020
Canadian pension funds halt India investments over virus
A pause in investments by these major pension funds reflects a mood of risk aversion among institutional investors, which are now focusing more on protecting their existing investments instead of making more capital commitments.
05/13/2020
Indonesia scraps 999.6 trillion rupiah debt sale, turns to domestic issuance
The money raised will be used to finance the combined 436 trillion rupiah in three stimulus packages introduced to cushion fallout from the coronavirus pandemic, and for other development spending.
05/13/2020
China sets date for revised inbound schemes
Effective June, QFII and RQFII quota restrictions will be lifted.
05/13/2020
Exploring the next normal: John Ashwood shares his experiences from Hong Kong
Our office initiated flexible homeworking arrangements from the beginning, but only went into a split-team homeworking mode in mid-March after imported cases here suddenly spiked.
05/13/2020
Launch of the Inaugural Appleby China Roadshow
The roadshow will be hosted via a series of webinars throughout June delivered in Mandarin.
05/13/2020
Korea Post looks to hire advisers for global bond investments
Korea Post will accept applications until May 21, and carry out evaluation and on-site due diligence from May 22 to June 8.
05/13/2020
SocGen Halts Funding to APAC Oil Trading Firms
The oil trader reportedly owes around $4 billion to 23 banks including HSBC, the largest lender at $600 million, as well as DBS, OCBC, Bank of China, Societe Generale and Standard Chartered.
05/13/2020
Hong Kong New Limited Partnership Fund Regime
It will cater for the operational needs of investment funds with elements of investor protection built in
05/12/2020
Unemployment to stay above pre-crisis levels until 2024: Deloitte
All while the Reserve Bank is frozen on the sidelines, unable to stimulate the economy with more cuts to rock-bottom interest rates.
05/12/2020
Compliance crackdown, consultations on horizon: ASX
Since the beginning of March through to the first week of May, the ASX has helped raise $19 billion in capital for listed companies across about 80 raisings
05/12/2020
ASIC bans RC case study adviser
The regulator also banned Melbourne-based adviser Bimaljeet Sekhon from providing financial services for three years.
05/12/2020
APRA releases fund-level ERS data
Applications made via the ATO on Friday, May 8 have already been passed on to super funds, Assistant Treasurer Michael Sukkar confirmed.
05/12/2020
Harneys litigation podcast “Take 10” season two
Could the common law power of recognition be relied upon by PRC Administrators instead?