10/18/2018
Investors panic as Heera Group chairperson is arrested in India
Heera Group was offering 35% returns on investment, investors say
Legal, Regulation & Compliance
10/18/2018
Land Bank of Taiwan’s Singapore Branch Selects Wolters Kluwer’s OneSumX for Regulatory Reporting
The scope of new proposals in the Monetary Authority of Singapore’s overhaul of the MAS 610 reporting regime for banks has been far reaching with banks now preparing to meet the new obligations.
10/18/2018
Appleby Advises Shandong Gold Mining Co. on HKD 5.2 Billion Listing
As of March this year, the group controlled and operated 12 mines in China
10/17/2018
Hundreds of businesses to lose banking access after Australia Post and ANZ fail to agree on fee increase
It intends to use the extra money to improve its service and deliver a windfall to licensed post office partners.
10/17/2018
Indonesia extradites Vinay Mittal; wanted in Rs 40-cr bank fraud case
The agency had filed seven charge sheets before designated courts in Delhi and Ghaziabad against Mittal after which he purportedly escaped from the country.
10/17/2018
Banks hit a dubious $2.4b milestone in refunds and repayments
This is merely the first instalment in a series of payments the banks will need to make to restore their social licence to operate.
10/17/2018
Notice Regarding Settlement with U.S. Department of Justice
The U.S. Subsidiaries do not admit any facts, liability or wrongdoing in connection with the settlement and they dispute the allegations made by the DOJ.
10/16/2018
‘New Southern Policy’ encourages financial companies to look to Southeast Asia
One of the champions in Southeast Asian market expansion is KB Financial Group, steered by its flagship KB Kookmin Bank.
10/16/2018
Singapore and Indonesia regulators ink fintech pact
Southeast Asian regulators have been actively forging partnerships to grow their fintech industries as they believe technology and innovation will change the business models of financial services providers in the medium to long-term.
10/16/2018
Aussie asset manager sued by US regulator
In forms filed by Goldsky in 2016 and 2017, the firm claimed its Delaware-based hedge fund - Goldsky Global Alpha Fund - had an auditor, a prime broker and custodian, and an administrator.
10/16/2018
Appleby advises Shandong Gold Mining Co. on HKD 5.2 billion listing
The company is among one of the largest gold producers listed in China and Hong Kong, with a 6.9% market share in China in 2017.
10/16/2018
Super funds excel in reporting obligation
Given the overall good quality of this year's results, the ATO said there was no need for audits or a large program of compliance casework.
10/16/2018
Global Forum publishes compliance ratings on tax transparency for further seven jurisdictions
These reports assess jurisdictions against the updated standard which incorporates beneficial ownership information of all relevant legal entities and arrangements, in line with the definition used by the Financial Action Task Force Recommendations.
10/16/2018
Advice firm IFS to exit Singapore following Meyado deal
International Financial Services hands over clients as part of exit strategy
10/16/2018
Hong Kong Securities Regulator Looks at Official Crypto Exchange Rules
Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), is considering drawing up new regulations for local crypto exchanges in a bid to safeguard investors from risks in the space.
10/15/2018
ASEAN regulators unveil bond standards, mobility framework for advisers
The launch of the social bond standards and the ASEAN sustainability bond standards comes 11 months after the introduction of the ASEAN green bond standards.
10/15/2018
EU’s rival infrastructure fund could lead to better deals for Asia but China's belt and road still leads the way
The European Union is set to join the US, Japan and Asean in competing with China’s Belt and Road Initiative
10/15/2018
Banks, AMP facing $6 billion bill for customer refunds, reviews and litigation
The other big banks took some of their medicine last week in the lead-up to their appearance in parliament, where they apologised profusely for any number of things.
10/15/2018
China c.bank chief says plenty of room for monetary adjustments amid trade row
Beijing and Washington have slapped tit-for-tat tariffs on each other and plans for bilateral trade talks to resolve the dispute have stalled, triggering a market rout and putting pressure on China's already softening economy and weakening currency.
10/15/2018
Indonesian, Japanese central banks expand bilateral FX swap agreement
BI executive director Agusman said in the statement the expansion would "contribute to the stability of financial markets, promote the use of local currencies."