10/24/2019
Three accused of cheating victims out of $3.6m
Financial-sector staff also charged with criminal breach of trust, money laundering
Legal, Regulation & Compliance
10/24/2019
Forum: Strict scrutiny needed to keep dirty offshore deals out of S'pore
And it has done reasonably well so far in putting in place due-diligence requirements for financial institutions that handle wealth on behalf of both local and offshore entities.
10/24/2019
Meeting the Regulatory and Compliance Challenges that Lie Ahead
Staying ahead of the game - A firm-wide commitment to compliance Guests agreed that it is essential to take a proactive approach to regulation and compliance
10/24/2019
MUFG and SAGIA promote Japanese investment in Saudi Arabia
The Kingdom has some of the largest oil reserves in the world and is a major producer and exporter of energy.
10/23/2019
Singapore and China Regulators Reaffirm Cooperation Commitments
This MOU affirms the close partnership between both regulators.
10/23/2019
Fosun Considers Bid for German Bankhaus Lampe
Sources also added that KPMG is currently advising the Oetker family, the controlling shareholder, on the potential sale of Bankhaus Lampe.
10/22/2019
Japan Cabinet Approves Tougher Foreign Investment Rules
Foreign investors would also need prior approval to appoint directors or to propose the sale of certain operations of the companies they invest in.
10/22/2019
UBS Is Cutting 40 Banking Jobs in Asia
Cuts will be split between markets, investment-banking units
10/22/2019
UBS, authorities eye client overcharges in Singapore and Hong Kong
UBS expects the relevant authorities will subject UBS to reprimands and fines as a result of their investigations," it said, noting that it had identified and reported the instances related to transactions between 2008 and 2015.
10/22/2019
Esma And Australian Securities And Investments Commission Cooperate Benchmarks
The EU Benchmarks Regulation prescribes a European common framework to ensure the integrity and accuracy of benchmarks used in the EU.
10/21/2019
Hong Kong lawyer cleared of perverting course of justice over allegation he suggested HK$38 million settlement to help businesswoman evade justice
Judge finds prosecution failed to reach required standard of proof on two charges against Kevin Bowers
10/21/2019
Guernsey continues to develop China’s captive market
Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”
10/20/2019
Amid Hong Kong protesters’ attacks, 500 ATMs out of service for the weekend
Monetary Authority cites vandalism and safety concerns as reasons for about 15 per cent of city’s cash machines being closed
10/20/2019
LHC Capital stands by suspended iSignthis
iSignthis shares have been suspended from trading since October 2 while the regulators resolve their enquiries
10/18/2019
Bahrain wants to bridge Singapore startups to US$1.5t Gulf market
In an interview with Singapore Business Review, Almoayed talks about the incentives of expanding into the Middle East and North Africa through Bahrain’s startup ecosystem
10/18/2019
Andersen Global Expands in India with Membership of Nangia Andersen LLP
Andersen Global debuted in India over a year ago when Nangia Advisors LLP (now Nangia Andersen LLP) signed a collaborating agreement with the international association.
10/18/2019
Asia Managing Partner of offshore firm Harneys has misconduct conviction
He is also the head of its litigation, insolvency and restructuring practice.
10/18/2019
Post Crisis Reform Implementation Has Progressed in 2019: FSB
Hong Kong, India and Indonesia have each now put in place final rules on the large exposures framework, while Japan has done so for the leverage ratio.
10/18/2019
Australia: Proposal on challenges of digitalization includes new approach to profit allocation
The proposal also envisions a new nexus (permanent establishment) rule that is dependent not on physical presence in the user/market jurisdiction but on sales – a commonality among the various tax solutions discussed in 2019.
10/18/2019
Hong Kong’s Wealthy Residents Hold Cash As Protests Continue
Key findings of the report showed half of the family offices in Hong Kong anticipate a market downturn come 2020.