03/07/2018
The secret insider terms used in Chinese money laundering
Nearly two percent of China’s GDP may have been lost to capital flight in the first three quarters of 2017
Legal, Regulation & Compliance
03/06/2018
Central Bank's New Directive Threatens To Bring Down India's Booming Digital Wallets Industry
Ironically, this regulation comes at a time when mobile wallets reported a 14% growth in January transactions at 113.6 million compared to 99 million in December 2017.
03/06/2018
Australia to Expose Banking Secrets
A former judge investigating the industry rejected its application.
03/06/2018
China vows to confront structural issues with tighter control
Corporate debt to be reined in to contain financial risk
03/06/2018
Singapore government increases stamp duty on high-end residential properties
Finance Minister Heng Swee Keat said in his budget speech that the measure makes Singapore’s tax system more progressive, fair and resilient.
03/06/2018
Ogier's Hong Kong and Jersey teams advise on cryptocurrency fund launch
The Fund, structured as a Cayman Islands master feeder fund structure and registered with CIMA, is credited with being one of the few institutional quality cryptocurrency funds at the time of its launch.
03/06/2018
SME Development Bank Malaysia Berhad Chooses Wolters Kluwer
OneSumX IFRS 9 is a comprehensive and modular solution which provides the financial industry with a solid framework to capture and store all relevant contractual information
03/06/2018
More mortgage rate cuts expected as major lenders rebuild their market share
Big four lenders started losing market share to smaller lenders and regulation-lite non-bank financial institutions when they slammed on the brakes to meet Australian Prudential Regulation Authority's 30 per cent cap on interest-only loans.
03/05/2018
ASIC hits former Westpac, NAB, YBR adviser with permanent ban
ASIC said Khan did not ensure his client had obtained independent advice with regards to the "loan" or the "gift" and the money was largely spent on personal expenses.
03/05/2018
Korean savings banks post record net profit in 2017
The surge was largely attributed to the spike in interest income as banks moved fast in raising interest rates amid expectations of increases in the key rate.
03/05/2018
BOJ deputy governor nominee warns against premature exit from easy policy
Central bank governor Haruhiko Kuroda on Friday rattled markets by flagging for the first time the prospect of an exit from accommodative policy if his inflation target was met, sending the yen higher and bond prices lower.
03/04/2018
Pakistan drafts governance rules for Islamic firms, securities
The move by the Securities and Exchange Commission of Pakistan marks the first time a regulator
03/04/2018
China hedge funds suffer in debt crackdown
Bear market in bonds adds to woes as banks withdraw funds
03/02/2018
Bank of Baroda cries foul as cash frozen in South Africa
The case is related to a state-owned farm in the Free State leased to Gupta-linked company Estina (Pty) Ltd. in 2012.
03/02/2018
UBA, China Development Bank sign $100m deal to develop SMEs in Africa
According to Kennedy Uzoka, the Pan African Bank’s managing director and CEO, the deal is also expected to catalyse Africa’s commercial and industrial development.
03/01/2018
Hong Kong can be the next RegTech hub
Based on average wages, RegTech could reduce labor costs by as much as 50 percent
03/01/2018
ASIC bans Queensland financial adviser from financial services industry for 7 years
While working for these companies, Mr Connor also traded under the name Glenn Connor Financial Planning.
02/28/2018
Thai Crypto Still In The Wait For Regulatory Framework
Basically, Bangkok bank now happens to be the first bank or institution of finance to stop transactions in Thailand involving cryptocurrencies.
02/28/2018
ASIC requires boutique research provider to improve conflicts of interest disclosure
FEC has cooperated with ASIC and has made changes to its disclosures on conflicts in its research publications and on its website.
02/28/2018
ASIC's latest enforcement report highlights outcomes from the second half of 2017
This edition of the report also provides a summary of ASIC's work tackling loan fraud.