12/03/2019
Malaysia’s Ex-Leader Najib Begins Defense In Graft Trial
The high court judge last month said Najib wielded “overarching authority and power” and took actions for personal gains.
Legal, Regulation & Compliance
12/02/2019
Former NAB, Infocus advisers banned
ASIC found that Chapman "failed to gather relevant client information when providing personal financial product advice, including assessments of products that might achieve clients' objectives and needs."
12/01/2019
Cambodia and Germany sign two cooperative financing agreements
The first 30 million euros concessional loan, which the German side calls the “Reduced Interest Loan,” will be granted through the German Development Bank.
12/01/2019
New arbitration law to come into force in Macau
Arbitration expert Mohammed Talib of Pinsent Masons, the law firm behind Out-Law, described the new law as important to the development of Macau
12/01/2019
Germany enacts new laws to protect its companies from China
It has not yet been revealed that the government committee will take steps to save which companies.
12/01/2019
Indian Government is Willing to Support Blockchain with a National Framework
Particularly, some members of parliament including Parvesh Singh Verma asked whether the Indian administration had fortified and carried out study into the prospective use cases and applications of blockchain and DLTs, and if at all they did, what were th
11/29/2019
Households and firms 'resilient' but MAS urges caution amid global uncertainties
The regulator also noted that Singapore's banking system is healthy with strong capital
11/29/2019
AIIB and Clifford Capital create $2bn Asia infrastructure debt platform
China-backed AIIB and Clifford Capital, which was established with support from the Government of Singapore, will take a 30% and 70% equity stake in the newly created BIM platform respectively.
11/29/2019
AFSLs show widespread non-compliance: ASIC
ASIC said 1496 FDSs and 373 RNs were collected and analysed along with fee disclosure policies and procedures. Of those, 176 of the FDSs were passed on to a compliance consultant to review.
11/29/2019
Taiwan regulator allows banks and insurers to invest in Islamic bonds
The regulator did not set a cap for insurance companies
11/28/2019
US FATCA crackdown pushing demand for tax advice
The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.
11/28/2019
APRA responds to industry concerns
"Some industry participants thought that this interpretation would limit scrutiny on the performance of choice products," APRA said.
11/28/2019
FSC hails super choice amendments
It's unacceptable that even today, when there is so much pressure on super funds to modernise and be more efficien
11/28/2019
Mizuho penalized for not reporting $77m in Caymans profits
Japanese megabank says it didn't skirt taxes in 2008 effort to raise capital
11/27/2019
Vietnam Banks to Include ESG Factors in Credit Risk Analysis
In line with this, financial institutions will also be required to establish a dedicated ESG analysis unit by 2025.
11/27/2019
Effective use of Automatic Exchange of information – a role for Tax Inspectors Without Borders
The TIWB initiative is set to launch a number of pilot programmes in support of developing countries' efforts to ensure the effective use of AEOI data.
11/27/2019
International community has achieved unprecedented success fighting offshore tax evasion
At the heart of this shift are thousands of bilateral exchange relationships now in place
11/27/2019
As Hong Kong suffers, China risks losing its financial window on the world
The territory’s recession is getting deeper and the US is threatening its special trading status, bringing serious consequences for Beijing
11/27/2019
Malaysia Gets Abu Dhabi's IPIC Into Court Over 1MDB
The result of this judgement is that the full circumstances and background of 1MDB’s dodgy dealings with IPIC will now be fully examined in open court in London
11/27/2019
JAPAN: Govt to give up plan on income limit for elderly workers’ pension cut
At present, elderly workers aged 65 or older are subject to reductions or suspensions of kosei nenkin public pensions for corporate workers if their wages and pensions exceed ¥470,000 per month.