10/20/2023
Sequoia Confirms Receiving US Probe Letter
Extensive amounts of information are being requested, including dollar amounts, names of state investors and more.
Legal, Regulation & Compliance
10/20/2023
UBS, China Banks Entagled in Laundering Scandal
Credit Suisse is reportedly being inspected by the Monetary Authority of Singapore after another suspect
10/20/2023
Mourant acts for Crédit Agricole Corporate and Investment Bank on the commercial financing and delivery of the first of nine new Airbus A320neo aircraft
This transaction represents a strategic partnership between CALC and Air India to support the airline’s fleet transformation.
10/19/2023
China Arrests Two Financial Heavyweights in a Week
Yesterday, Chinese authorities arrested Liu Liange, ex-Bank of China party secretary and chairman, over bribery charges
10/19/2023
Harneys advises AAG Energy Holdings Limited on its US$347 million privatisation
The Harneys Hong Kong team was led by Partner Chai Ridgers and Senior Associate Charles Wong
10/18/2023
Singapore Crypto Bourses Work With UK Investigators
According to Benton, this unique NFT cuts down the duration to freeze assets.
10/18/2023
Thailand regulator wants to ease advertising rules for digital asset operators
The firms will need to compile monthly reports on their advertisements, which they will have to submit to the SEC every quarter.
10/17/2023
Former Bank Of China Chairman Arrested For Corruption
China's top anti-corruption watchdog announced the following month that Liu was under investigation for alleged "severe violations of discipline and law".
10/17/2023
Taichung Commercial Bank ends US bank deal
The acquisition would have allowed Taichung Bank to boost its visibility in the North American market.
10/17/2023
Australia Plans to Require Licenses for Crypto Exchanges
The proposed rules, which are inspired by frameworks used in the UK, Canada and Singapore, will also include custody and transaction standards.
10/17/2023
“How the Financial Advisory Industry Can Serve Customers Better with 3 ‘T’s – Technology, Training and Trust”
MoneySense’s aim is to uplift Singaporean’s financial health and habits, and unbiased financial advice is certainly a key contributor to this outcome.
10/16/2023
Two Hong Kong Banks Violate Korean Short Selling Ban
Two unnamed Hong Kong-based investment banks had engaged in naked short selling transactions, according to a statement by South Korea’s Financial Supervisory Service (FSS), which is banned in the country.
10/13/2023
Harneys advises Maiyue Technology Limited on its Hong Kong IPO
The team’s significant track record includes advising on high-profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures.
10/13/2023
MAS MD Ravi Menon received the Distinguished Leadership and Service Award from the Institute of International Finance
The IIF’s Distinguished Leadership and Service Award is bestowed on individuals who have made sustained contributions to the global economy through public service.
10/12/2023
ABN Amro ends corporate banking services as it surrenders licence here; clearing services unaffected
It planned to cut up to 800 jobs or a third of its corporate and institutional banking unit in a process that would take three to four years.
10/12/2023
Goldman Sachs Sues Malaysia in 1MDB Case
Roger Ng Returns to Malaysia
10/11/2023
What BCG, McKinsey revealed to the consulting inquiry
The committee also heard how BCG helps staff manage their workloads, while McKinsey said the PwC tax leaks scandal had been a “serious breach of trust in the consulting services industry in Australia”.
10/11/2023
APRA consults on increased transparency of super fund expenditure
APRA has written to superannuation trustees inviting their feedback on its plans to publish total fund expenditure and expanded asset allocation data by mid-2024.
10/11/2023
ASIC announces action against 11 SMSF auditors
All 11 SMSF auditors were referred to ASIC by the Australian Taxation Office
10/11/2023
Stephenson Harwood (Singapore) Alliance advises BNP Paribas on four JOLCOs
This follows the firm's involvement in Cetus Maritime's financing of two bulk carriers by a regional bank based in Japan earlier this year.