10/29/2018
Global Banks in Crossfire Between Chinese Authorities, Wealthy Elite
This type of questioning has become business as usual for Asia’s biggest economy.
Legal, Regulation & Compliance
10/28/2018
The spy who came in from the void
On Thursday, Hasanah was charged with committing criminal breach of trust (CBT) over US$12 million worth of government funds.
10/27/2018
SEC issues warning on renegade ICOs
Information disclosure for investment decision-making is also inadequate, while these digital assets might not have sufficient liquidity to trade and cannot be converted into cash
10/26/2018
Foreign banks in China can sell government bonds
According to the new policy, it is possible to set up a wholly foreign-funded bank and branches at the same time
10/26/2018
Singapore trader accused by US of laundering North Korea funds
The charges came in a previously sealed indictment that was made public in tandem with sanctions against Beng by the Treasury Department.
10/26/2018
Nomura, CIC, and other Japanese Financial Institutions Sign MOU Regarding Japan-China Industrial Cooperation Fund
he MOU is part of a strategic alliance to establish a Japan-China industrial cooperation fund.
10/26/2018
Self-managed superannuation funds auditor enforcement actions
To 30 June 2018 ASIC has considered the conduct of over 120 SMSF auditors, including 98 matters referred from the Australian Taxation Office (ATO).
10/26/2018
Court action is 'prima facie repudiation' of arbitration agreement, says Singapore court
The case concerned a dispute between two companies founded by brothers Oung Da Ming and Oung Yu-Ming.
10/26/2018
Trader charged with multi-million dollar fraud
Wood has been remanded on bail until his next appearance at the Auckland District Court on November 13.
10/25/2018
ASIC eyes SMSFs, dodgy products in law changes while banks baulk
The Financial Services Inquiry conducted by David Murray recommended giving ASIC the powers to intervene in the market to stop products from being sold to the consumers.
10/25/2018
UBS Top Shot to Meet Rape Victim
The woman and La Roche will meet at Freshfields Bruckhaus Deringer, the firm which British regulator the Financial Conduct Authority appointed to investigate independently at the Swiss bank and report back.
10/24/2018
Bank-owned advice firm requests ASIC extension
Highlighting the point ASIC chair James Shipton made about slow and delayed responses from Australia's financial institutions, a bank's financial advice subsidiary has sought an extension to complete a major report as part of its enforceable und
10/24/2018
Blue Sky LIC gets a new suitor
Geoff Wilson has thrown his hat in the ring for the troubled Blue Sky LIC which last week reached an agreement to appoint a Pinnacle affiliate as its new manager.
10/24/2018
Prudential’s Eastspring obtains licence to sell funds in China
The company has registered the private fund management unit with the Asset Management Association of China (AMAC)
10/24/2018
UOB to support Shandong-based firms' Southeast Asian expansion with $600m funding
UOB and Shanghai Qilu will also promote bilateral trade and investment, knowledge sharing, and talent development between Singapore and Shandong.
10/23/2018
Malaysia’s RHB Bank bags approval to buy Vietnam Securities Corp
The proposed acquisition must be completed in 90 days from the date of approval.
10/23/2018
Australia’s big bank shake-up
Australia’s banks have had things easy for a long time, but, writes Brian Caplen, this may not continue.
10/23/2018
Thai regulator in wealth management initiative
Thailand’s Securities and Exchange Commission wants to extend the basic tools and best practices in HNW wealth management to all Thai investors.
10/23/2018
Massive tax evasion found in Ferrari, other luxury car resales in Japan
According to the sources, tax authorities including the Tokyo Regional Taxation Bureau and the Kantoshinetsu Regional Taxation Bureau penalised about 10 companies for intentionally hiding profits, or failing to report profits, from the sale of imported ca
10/22/2018
UBS warns staff over China travel after banker held in Beijing: source
The purpose of the meeting with authorities is not clear, but the bank has asked others in its China wealth management team to review their travel plans carefully.