09/18/2018
Investigators home in on Deutsche Bank exec's 1MDB role
The Monetary Authority of Singapore has also quizzed Deutsche Bank about the extent of Ms Tan's involvement with the 1MDB account
Legal, Regulation & Compliance
09/17/2018
ASIC takes Dover, McMaster to court
The Protection Policy purported to be 'designed to ensure that every Dover client get [sic] the best possible advice and the maximum protection available under the law.'
09/17/2018
ASIC commences civil penalty proceedings against ANZ
ASIC is seeking a declaration that ANZ breached its continuous disclosure obligations and a pecuniary penalty order.
09/17/2018
Hong Kong Monetary Authority announces launch of Faster Payment System
It enables the public to transfer funds anytime, anywhere, across different banks
09/17/2018
World's First Cross-Border, Open-Architecture Platform to Improve Financial Inclusion
A global consortium led by Virtusa, which includes Fidor and Percipient, has been selected to develop and operate APIX.
09/17/2018
Appleby acted as Cayman counsel to Carlyle on a landmark transaction awarded "Private Equity Deal of the Year" at the China Law and Practice Awards.
The transaction was led by Partner Nicholas Davies and Counsel Vincent Chan, both based in Appleby’s Hong Kong office.
09/17/2018
MAS, CFTC Sign Fintech Cooperation Arrangement
Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.
09/17/2018
CW Advanced Technologies case highlights Hong Kong’s lack of statutory cross-border insolvency regime
Against this background, it was an open question what might happen if the Hong Kong Court were to be confronted with foreign proceedings that purported to make an order imposing a moratorium over a Hong Kong company as part of a group restructuring.
09/17/2018
Singapore Introduces World’s First Unified Payment QR Code – SGQR
Members of the task force include both Singapore and international payments providers, who will implement SGQR for their Singapore merchants.
09/16/2018
Australia watchdog files civil suit against ANZ
The action by ASIC shows regulators are under pressure to demonstrate they are reining in the finance sector
09/14/2018
House of the year, China: China Minsheng Bank
Asia Risk Awards 2018
09/14/2018
Regulator of the year: HKMA
Asia Risk Awards 2018
09/14/2018
Chief economist update: Steady as she goes
The ECB staff macroeconomic projections "foresee annual real GDP increasing by 2% in 2018
09/13/2018
Proposed China tax changes alarm Australian business
They warn the reforms will make it harder to attract talented executives to the country.
09/13/2018
Philippines ranked among the most complex places in APAC for accounting and tax compliance
The Asian star is ranked as the 16th most financially complex country for businesses in the annual index, jumping up nine places from 2017, but remaining the fourth most complex in the Asia Pacific region.
09/13/2018
Australia’s ‘big four’ to be initial target for open banking
ACCC prepares to bust open bank data
09/13/2018
Bank-trust business risk control under new asset management rules
With the evolution of the bank-trust cooperation model, the scope of bank-trust cooperation business is also expanding.
09/13/2018
Banking royal commissioner Kenneth Hayne gets to heart of ASIC's regulatory capture
This was all about the exposure of an embarrassing and frankly troubling example of regulatory capture at the Australian Securities and Investment Commission.
09/13/2018
Blockchain, Cryptocurrencies and ICOs: An Offshore Lawyer’s Perspective
A cryptocurrency is a unique form of coin that is intended to be used as digital currency.
09/13/2018
SFC publishes AML/CFT inspection findings and urges intermediaries to ensure compliance
The SFC has indicated that it will continue to monitor and provide guidance to LCs and AEs in relation to AML/CFT compliance