09/18/2017
Leading offshore law firm Advises Rajax Holding
The merger became effective on 24 August 2017, with the merger consideration comprising both cash and shares in Rajax.
Legal, Regulation & Compliance
09/15/2017
Pinsent Masons Cuts Chinese Alliance
The firm has also started a major review that threatens up to 100 jobs in the U.K., several publications in the country reported.
09/15/2017
NAB CEO rejects holes in anti-money laundering system
He also told 3AW Mornings NAB has been working the Centre for Social Impact.
09/14/2017
Ogier shortlisted for two HFM Asia Hedge Fund Services Awards
The HFM Asia Hedge Fund Services Awards recognise hedge fund services providers that have demonstrated exceptional customer service, innovative product development and responsive to client needs.
09/14/2017
Spain probes ICBC’s European unit over money laundering
The Luxembourg unit of ICBC holds the lender’s EU bank licence and is responsible for supervising the Madrid branch.
09/14/2017
Standard Chartered faces bribery accusations over Indonesian subsidiary
The investigation was into whether Standard Chartered took adequate steps to prevent or stop the alleged misconduct.
09/13/2017
Life sentences for $7.6bn China Ponzi scheme masterminds
He collected a monthly salary of CNY1m and previously admitted on state television to spending around CNY1.5bn of Ezubao’s funds on himself.
09/12/2017
Conduct at Australia's biggest banks is a 'major problem': ASIC
ASIC Chairman Greg Medcraft says culture, conduct and accountability at the powerful banks remains a major problem for the regulator.
09/12/2017
Merrill Lynch fined over futures trading 'failures'
The MDP found that, from October 2010 to June 2016, MLAF had inappropriate limits to varying degrees in respect of number of pathways to the ASX 24 Market.
09/12/2017
The Macallan ALB Hong Kong Law Awards 2017: Mayer Brown continues sizzling streak
The 2017 edition of the awards featured several new categories.
09/11/2017
Trust issues? China targets a $3 trillion shadow banking industry
A regulatory sanction against one trust, Shanghai International Trust, and a legal case against another, National Trust, offer rare insights into the industry, and reveals just how hard it will be to police it.
09/11/2017
NPS struggles to prop up investment arm
Choi also allegedly exerted undue influence over the pension fund to back the merger.
09/11/2017
The algorithm ate my homework is no excuse
It can't be like, the algorithm ate my homework.
09/11/2017
China scraps reserve requirements for offshore banks' domestic CNH deposits
But the reserve requirements for onshore yuan deposits placed in yuan clearing banks by offshore institutions will not be affected.
09/11/2017
China’s trillions remain out of reach of foreign funds
FX regulator, concerned about capital exodus, keeps offshore asset managers out
09/11/2017
China regulators are putting pressure on lending by trusts
Regulators provided no further details about the case.
09/08/2017
ASIC to get stronger powers to ban financial services workers
The taskforce also said the threshold for ASIC to exercise its banning powers should be expanded, and trigger when the regulator forms the view the person is not fit and proper to provide a service or to perform a management role.
09/08/2017
Ex-bank manager to face charges in Philippines for cyber heist, others cleared
Philippine prosecutors recommend the filing of charges against a former bank manager for her part in laundering of tens of millions of dollars stolen from Bangladesh’s central bank last year
09/08/2017
Financial crime crackdown curbs emerging markets
IFC says cut in bank ties has depressed legitimate growth
09/08/2017
New York regulator kicks Pakistan’s Habib Bank out of US
NY watchdog says company ‘opened the door’ to terror financing and fines it $225m