07/16/2018
No claimants for Rs 300 crore lying in India-linked dormant Swiss bank accounts
50 courses for novices, traders, and investors. 1:000 leverage. Low spreads. ECN
Legal, Regulation & Compliance
07/16/2018
Taiwan’s BLF mulls emerging-market enhanced active mandate
BLF has launched three absolute return mandates since 2016, including multi-asset, fixed income and overseas equity strategies.
07/16/2018
Ever increasing circles...
The same applies to Health and Safety Offences, with more individual Directors and individuals being sent to prison.
07/16/2018
SFC proposes to implement revisions to AML/CFT guidelines on 1 November 2018 ahead of FATF Hong Kong evaluation
The proposed amended Main Guideline is set out in appendices 5A and 5B of the consultation paper (marked-up and clean versions).
07/16/2018
Singapore’s new structure to rival Cayman funds
Will Singapore’s new corporate structure for traditional and alternative managers grow at the expense of Cayman Island-domiciled funds?
07/16/2018
1MDB: Swiss Private Banker Wins Back Passport
The move was part of a wider investigation into how banks in Singapore allegedly rinsed billions in 1MDB money.
07/13/2018
Citi fined by Hong Kong regulator for dark pool breaches
The rules mandate the firm to inform users on the ALP’s operations and to ensure that only qualified investors use the ALP.
07/13/2018
Japan's regulators to discipline major regional bank for improper lending
FSA finds Higashi-Nippon Bank falsified financial status of borrowers
07/13/2018
The Philippines Top 100 Lawyers
Asia Business Law Journal reveals the Philippines’ best private practice lawyers
07/12/2018
ASIC bans ex-NAB branch manager for fraud
NAB announced a remediation program for affected customers after uncovering the issue when whistleblower reports prompted an internal review.
07/12/2018
Beleaguered fund manager amp puts 300 advisers on notice
If an advisor falls short of the mark, then AMP will facilitate his or her exit.
07/12/2018
New Malaysia central bank chief strikes neutral tone on rate
Malaysia was among the first central banks in Asia to raise rates this year with a hike in January.
07/12/2018
'You have to drop this': former exec accuses super fund of conflicts
Mr McGougan alleges that AustralianSuper boss Ian Silk tried to get him to drop his “conflict of interest” complaint.
07/12/2018
Australia’s CBA accepts fourth fine over pension ‘advice’
In July 2015, ASIC published Report 440, which addresses the potential manipulation of financial benchmarks and related conduct issues.
07/12/2018
JPMorgan to sell India fund management arm that targets HNWI
JP Morgan Asset Management is preparing to exit all four remaining investments made from its first India-focused realty fund
07/11/2018
Ex-Goldman Banker Succumbs in 1MDB Probe
The German native and Los Angeles resident was nabbed while leaving his home in Austria two months ago, the website reported.
07/11/2018
Chinese Bank Hit for Hong Kong Failings
As part of the verification of the genuineness of Fujian Dongya’s sales, CCBIC instructed its lawyers to devise a due diligence plan on the TPP Arrangement.
07/11/2018
Swiss Detail 1MDB Probe
Switzerland didn't name any of the individuals, two of whom were linked to 1MDB
07/11/2018
Saudi, UAE executives face probe over Malaysia's 1MDB scandal
Swiss Attorney General Michael Lauber says up to $7bn in funds flowed through 1MDB state-own fund in Malaysia.
07/11/2018
Praemium inks deal with new $1.2 billion client
Praemium head of distribution Martin Morris said the personalised reporting is made possible by its investor portal allowed adviser to meet investor expectations.