08/29/2017
U.S. watchdog may fine Habib Bank, Pakistan's biggest lender, up to $630 mln
The DFS said in a filing that HBL's compliance was "dangerously weak"
Legal, Regulation & Compliance
08/29/2017
CBA hit with second regulatory probe after money laundering claims
CBA was sued this month by financial intelligence agency AUSTRAC which alleges that criminals and terror financiers laundered millions of dollars through CBA accounts – the first lawsuit of its kind against a major Australian bank and exposing CBA t
08/29/2017
Is Hong Kong's Reputation for Financial Secrecy About to Change?
Hong Kong commits to identifying companies’ beneficial owners – or does it?
08/28/2017
ASIC reports on corporate finance regulation – January to June 2017
ASIC has today published its seventh report on the regulation of corporate finance issues in Australia. The report, which covers the period January to June 2017, provides companies and their advisers with insights into ASIC’s regulatory approach in
08/28/2017
Appleby Advises On 20 HKEX Listings During 2017
BGMC International is a construction services company based in Malays
08/28/2017
Black money: Swiss parl panel to discuss auto sharing of banking info with India and others
The Federal Council adopted a resolution on June 15 regarding introduction of AEOIs with 41 jurisdictions including India.
08/28/2017
51 bankers, businessmen on trial in Vietnam for fraud
Tham is accused of approving the loan to the Trung Dung real estate company without proper collateral.
08/28/2017
HK securities watchdog signs pact with police to fight financial crime
The Hong Kong Special Administrative Region is a major international financial centre.
08/28/2017
APRA launches inquiry into CBA
APRA chairman Wayne Byres said the decision to initiate a prudential inquiry followed a number of issues which have raised concerns regarding the frameworks and practices, and have damaged the bank's reputation and public standing.
08/25/2017
Big four banks agree to ASIC contract changes
The four banks have acted on the call from the regulator to change their practices and address concerns raised.
08/25/2017
Chinese Bitcoin Exchanges Accused of Misappropriating Client Funds
Leading Chinese exchanges have been accused of using customer funds to make high-risk private investments.
08/25/2017
Government opens doors to offshore investment vehicles
It will also provide cost-effective opportunities to gain investment exposure to a wider range of assets.
08/24/2017
Chinese prosecutor war on 'financial crocodiles' gathers pace
The aim of the directive is to curtail the “spread of corruption”
08/23/2017
BSP sets tougher guidelines on corporate governance
The amendments also aim to promote an environment that fosters the critical exchange of views and exercise of objective judgment.
08/23/2017
Commonwealth Bank faces class action over money-laundering scandal
Lawyers announce potential lawsuit on behalf of shareholders hurt by the sharp fall in the bank’s shares
08/23/2017
ASIC flags stronger adviser surveillance
Among its priorities in the next six months, ASIC will focus on enforcing higher standards among financial advisers
08/23/2017
Latest enforcement report outlines ASIC's enforcement outcomes from the first half of 2017
ASIC Commissioner Cathie Armour said 'This report covers some of the important work done by ASIC over the last six months across a wide range of areas.
08/22/2017
EBA urged to follow Singapore's approach to the regulation of cloud outsourcing by banks
The firms must be able to demonstrate their compliance to the regulator.
08/22/2017
Money laundering probe exposes Australian banks' compliance frailties
That is not as widespread yet in Australia.
08/22/2017
Towards a new model for advice
The vast majority of advisers are evolving their charging model towards an ongoing service proposition with their customers.