08/03/2018
Swiss can give bank client data to India in tax dodge case - court
The information sparked investigations in several countries and put Swiss banking secrecy in a harsh spotlight.
Legal, Regulation & Compliance
08/03/2018
SuperEd to roll out retiree service for super funds
The firm would then be able to leverage these insights to enhance its B2B offering to super funds who are experiencing increasing numbers of members moving into retirement.
08/03/2018
Common Reporting Standard: anti-avoidance measures
Compliance with the CRS is not a choice; it’s an obligation. And the penalties for non-compliance are severe.
08/03/2018
Fangda launches investment protection practice in HK
Boltenko has had a varied career involving stints with law firms and other bodies across Europe and Asia.
08/02/2018
ClearView Wealth says director arrested over claim by Melanesian Trustee Services
The claim concerns an attempt to remove and replace the current fund manager of the Pacific Balanced Fund by Brown’s employer National Superannuation Fund, ClearView said in a statement.
08/01/2018
OCBC to equip 330 retail wealth advisers with private banking skills
"Such competencies are a dimension beyond the more product-centric approach towards financial planning that is adopted by many retail banking wealth advisers," the bank said in a media statement.
08/01/2018
Monetary Authority of Singapore issues prohibition order against former CIMB VP for insider trading
Tay did this while in possession of non-public and price sensitive information that both companies had received takeover offers, it said.
07/31/2018
CPF withdrawals via PayNow hit $40m since launch in March: OCBC
They can then log in to My CPF online services using their SingPass details and submit a withdrawal application.
07/31/2018
Major Japan banks expand via S.E. Asia partnership
The growing economies of Southeast Asia offer a huge consumer market of more than 600 million people that is undergoing drastic change.
07/31/2018
Pimco wins offshore fund license in Taiwan
Pimco has opened an office in Taipei after receiving approval to distribute its offshore-regulated funds to domestic investors.
07/30/2018
China details regulation on central SOEs' asset management
The document detailed 72 responsibility-tracking scenarios in 11 areas, including risk control, fixed asset investment, mergers, restructuring and overseas investment.
07/27/2018
Singapore financial firms on alert after hack
Financial institutions across Singapore have been warned to tighten their customer verification processes after the personal details of 1.5 million people were stolen in a cyberattack.
07/27/2018
Philippine anti-graft chief and Duterte critic retires
Martires was appointed to the Supreme Court by Duterte last year and has previously voted in support of the president’s controversial policies.
07/26/2018
MAS directs financial institutions to tighten customer verification process
Financial institutions are to take immediate steps to mitigate any risks that might arise from the misuse of the compromised information.
07/26/2018
Appleby named as a 'leading firm' in the Chambers Global HNW Guide
Appleby's highly regarded Private Client & Trusts group provides trust and foundation services to high net worth individuals, families, and fiduciary companies.
07/26/2018
Relocating black stash: From Swiss banks to Caribbean & other havens
Once tax-evaded money or funds obtained through criminal means gets to havens abroad, there is little that the Indian government can do.
07/26/2018
Citi Indian wealth unit winding up nears end
The licence has since been surrendered to the regulator as part of the winding-up
07/25/2018
Raising the red flag
Five of its US employees have been fired for alleged information-stealing, while its London office is under regulatory investigation over its auditing of the collapsed construction company Carillion PLC.
07/24/2018
Appleby Lawyers among Private Client Global Elite
They have been recognised for their contributions and expertise in advising trustees and ultra-high net worth individuals on the establishment, restructuring and administration of trusts
07/24/2018
New Zealand govt moves to formally add employment to c.bank's mandate
Employment goal already adopted on a shorter-term basis