08/12/2017
United Bank of India slips into red with Rs 211 crore net loss in Q1
It stood at Rs 12,164.90 crore against Rs 10,116.13 crore during the two periods compared.
Legal, Regulation & Compliance
08/11/2017
Taiwan:Regulator urged to act boldly to promote insurance access
The Amcham Taipei Insurance Committee says that its main theme is the need for increased insurance protection for individuals and families in Taiwan.
08/11/2017
HK Banks better regulated
Meanwhile, OCBC Wing Hang Bank reportedly plans to expand its presence in the Greater Bay Area
08/10/2017
MAS, CAD warn about investment schemes based on digital coins and tokens
The CAD and the MAS advise consumers to be mindful of potential risks of digital token and virtual currency-related investment schemes.
08/09/2017
SEBI bans trading on 331 'shell' cos
The government has been taking on shell companies suspecting irregular transactions after a ban on high-value currency bills late last year
08/08/2017
MAS Takes Heat for Noble Crisis
MAS is now being panned for its slow, hesitant handling of a Singapore commodities firm which is sinking, in the words of a critic.
08/08/2017
High-Profile Spanish Money Laundering Investigation of Chinese Bank Raises Questions About Future of Similar U.S. Enforcement - Ballard Spahr
In the nearly 18 months following that raid and the numerous arrests made at that time, very little information about this money laundering investigation became known publically.
08/08/2017
The Macallan ALB Hong Kong Law Awards 2017
The shortlist of finalists reflects the continued vitality of Hong Kong’s legal and business community.
08/08/2017
Jersey-based financial firm defend Pakistan PM downfall link
The London properties were not declared on Sharif’s official family wealth statement and were only revealed by the Panama Papers leak in April 2016, prompting protests in Pakistan and calls for the family to be investigated.
08/07/2017
China seeks to shed light on its shadow banking system
But those developed nations aren't adding on credit at double-digit rates.
08/07/2017
Australia, China partnerships push KWM hardship fund past £100,000
The fund is still open to contributions.
08/04/2017
Data protection watchdog proposes mandatory notification for selected breaches
The data protection landscape is becoming more complex, due to technology advances such as Internet of Things and Artificial Intelligence.
08/04/2017
Abe names safe hands in new cabinet reshuffle
One of the few exceptions is new Foreign Minister Taro Kono, who is known for both his willingness to criticise the ruling party and a frankness unusual for a Japanese politician.
08/04/2017
China blacklists nine HSBC mutual funds for IPO violations
Regulators target market corruption in share subscription process
08/04/2017
Former NAB adviser charged with forging documents
ASIC alleges that Mr Thompson forged client signatures on each form and undertook this process without clients' knowledge or authorisation so that he could receive additional financial planning remuneration from his employer, the NAB.
08/03/2017
Singapore advice firm loses case against competition watchdog
Singapore’s Competition Appeal Board has dismissed an appeal from IPP Financial Advisers to reduce the fine it was handed after being found guilty of colluding with other advice firms to force a competitor to withdraw a life product commission rebat
08/03/2017
Australia's Largest Bank in Money Laundering Bind
CBA issued a statement that it was working closely with AUSTRAC and have cooperated fully with all their requests.
08/02/2017
Vietnam targets 16 bankers in latest crackdown
The group deliberately violated state regulations on economic management.
08/02/2017
Lombard Risk announces ANZ expansion
The company said that as part of its expansion in Australasia.
08/02/2017
Token Sales May Be Subject to Securities Laws
The MAS indicated that companies that allow for the exchange of ICO-derived tokens would need to be sanctioned as well.