05/16/2018
Investigation of South Korea’s Largest Crypto Exchange Upbit Continues
However, the prosecutors have confiscated the exchange’s computers and records as part of the investigation.
Legal, Regulation & Compliance
05/16/2018
ASIC cancels Wealth & Risk Management’s AFSL
WRM was the AFSL holder in the business setup, and Yes FP employed its authorised advisers to provide personal financial advice to retail clients referred to them by Yes FS.
05/14/2018
Top Indian Bank Officials Likely to Face Charges in PNB Case: Source
The charge sheet will "likely" name senior Indian bank officials, the source said, without sharing further details.
05/14/2018
Modi and Xi reset China–India relations
Despite India’s unease over Beijing’s posturing on their shared border and elsewhere, Kumar’s takeaway is clear: India should look at China as an opportunity, not as a threat.
05/14/2018
Anbang: the downfall of China’s global dealmaker
Prison sentence for Wu Xiaohui is a cautionary tale about Beijing’s control of business
05/14/2018
Malaysia to Review Political Representation in Government-Linked Funds
It was not immediately clear if any of them would be affected by the review.
05/14/2018
SSS seeks to delay 2nd round of pension hike to 2020
At present, the SSS collects about P15 billion a month from its members, up from P12 million monthly in 2016, but disbursements already amount to a higher P16 billion per month, Dooc said.
05/13/2018
JPMorgan Applies for China Venture Control After Dimon Visit
JPMorgan Brokering (Hong Kong) Ltd. is seeking permission to take a 51 percent stake in a local entity
05/11/2018
PIMCO partners with data and analytics platform
In mid-March, PIMCO said it is winding down its exposure to Australian banks and certain real estate investment trusts as risks increase in these investments
05/11/2018
Australian banking regulator has funding cut despite sector scandals
The funding reduction comes at a time when a Royal Commission inquiry is underway with the task of uncovering misconduct in the financial sector, which in some cases was ongoing for several years before coming to light.
05/11/2018
Hong Kong group aims to curb money laundering around Asia
The gambling hub of Macau last year introduced facial recognition technology at ATMs to target the illicit outflows from mainland China.
05/11/2018
Leading law firm wins debt market deal of the year
In addition to this accolade, Appleby was also shortlisted for Equity Market Deal of the Year
05/10/2018
Law firm Quinn Emanuel files class action against Australian wealth manager AMP
Global law firm Quinn Emanuel filed a lawsuit against Australian wealth manager AMP Ltd on Wednesday, a day before the company’s annual general meeting, complaining of allegations of criminal misconduct that have sent AMP shares tumbling. Quinn Ema
05/10/2018
Former head of China's Anbang jailed for 18 years
Mr Wu was first detained in June last year.
05/09/2018
Application fees increase for tax advisers
TPB chair Ian Taylor welcomed the additional funding, saying it would ensure the TPB is able to "continue to meet its legislative responsibilities and protect consumers of tax services."
05/09/2018
Australia’s biggest bank admits wrongdoing in rate-rigging case
ASIC claimed that CBA “traded with the intention of affecting the level at which BBSW was set so as to maximize its profits or minimize its losses to the detriment of those holding opposite positions to CBA’s.”
05/09/2018
OurCrowd and Bangkok Bank Announce Strategic Alliance as Asia Expansion Continues
The collaboration empowers OurCrowd to deliver deeper exposure for BBL’s SME and major corporate clients to Israeli and global technologies.
05/09/2018
Hong Kong group aims to curb money laundering around Asia
China has battled to curb capital outflows for years.
05/09/2018
Ombudsman investigating Paolo Duterte wealth
The Office of the Ombudsman is currently conducting an investigation on the reported ill-gotten wealth of resigned Davao City Vice Mayor Paolo Duterte, the son of President Rodrigo Duterte.
05/09/2018
China to tighten rules on banks' wealth management business - sources
China is in the third year of an ambitious campaign to reduce risks in its financial system stemming from a rapid build-up in debt, which the Bank for International Settlements has warned could lead to a banking crisis.