02/26/2018
One of Asia’s biggest companies just got steamrolled by the Chinese government
The Chinese government had 2 major problems with the way Anbang was going about its business.
Legal, Regulation & Compliance
02/25/2018
Tax havens turn financial black holes
The number of tax havens has also grown with the growth of financial liberalisation and generation of wealth abroad.
02/25/2018
Underperforming bankers in Asia now on “red alert” as job cuts loom
The average RM at Credit Suisse in APAC now manages CHF333m in assets, compared with CHF260m in 2016 – a rise of about 28%.
02/25/2018
New Laws Mean Japan Could Be the Next Big Thing In Esports
Laws, which are now decades old and were introduced to tackle organized crime, are resulting in competitive gaming in Japan being treated in equal terms to poker, and is all but entirely illegal, especially if cash prizes are involved.
02/24/2018
Vietnamese lenders to take more security measures after banker steals $10 mln from customer
The central bank has also asked lenders to review, amend and add internal regulations to ensure that they fully comply with rules on deposit, and saving transactions.
02/23/2018
Re King Bun Limited: Re-affirming When the Case Should be tried in the BVI
The operation of the underlying business and the assets are in Hong Kong and the People’s Republic of China (“PRC”).
02/23/2018
New office for Ogier as firm celebrates ten years in Tokyo
Ogier Global provides trustee services to Cayman Islands unit trust structures, being the vehicle of choice for Japanese investors.
02/22/2018
How the alleged Punjab National Bank fraud unfolded
India has been gripped by the scandal involving billionaire jewellers and state-run institutions
02/22/2018
StanChart transfers rest of Singapore operations to locally incorporated unit
StanChart said the move will not affect the level of service its clients currently receive, and will work to minimise any impact on accounts and dealings
02/21/2018
Vertically aligned institutions pay $21.4m compensation
The Advice Compliance Project identified "high-risk advisers" who engaged in non-compliant conduct between 1 January 2009 and 30 June 2015.
02/21/2018
Indian police arrest sixth bank official in $1.8b fraud case
The branch is at the center of the alleged fraud involving firms tied to diamond merchants Nirav Modi
02/20/2018
J.P. Morgan is quietly hiring more analysts in Asia, others will follow
More are expected to come online – at a higher rate than in 2017 – during the busy post-Chinese New Year hiring period, says a Hong Kong-based headhunter.
02/20/2018
Falcon Bank's Martin Keller: We Had to Break With Our Past
The opportunity arose after the sudden exit of former CEO Walter Berchtold as well as that of top executive Arthur Vayloyan.
02/20/2018
GSIS wants only experts to handle offshore investment
GSIS president and general manager Jesus Clint O. Aranas had said they were eyeing to raise to 15 percent the share of foreign investments to total assets from 10 percent at present in order to diversify revenue sources.
02/19/2018
Wealth firm director ordered to pay $400,000
Director excluded from financial services industry for five years and agrees to pay $400,000 to financial literacy fund
02/19/2018
Nirav Modi fraud investigation makes first arrests
Nirav Modi is one of India's richest people, with a personal wealth of $1.75bn, according to Forbes.
02/19/2018
PNB Fraud: Hong Kong regulator seeks status report from Indian banks
Senior bank officials said the regulator is “watching the unravelling of the scam closely
02/19/2018
NAB Axes Bankers in Digital Shift
The proposed new structure will reduce the layers and complexity in the bank so that we can be simpler, make decisions faster and be even closer to our customers,» said Lorraine Murphy, NAB's chief people officer.
02/18/2018
HSBC hopes to leave era of scandals behind
The bank has been held back by huge fines and hasty acquisitions, but believes it is now in a position to grow again
02/18/2018
India, Iran Sign Agreement For Avoidance Of Double Taxation On Rouhani's Visit
India and Iran signed in New Delhi an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income.