05/30/2017
Singapore's central bank fines Credit Suisse, UOB over 1MDB-linked transactions
The fines were smaller than those the authority has already imposed on other banks as part of its biggest money-laundering investigation.
Legal, Regulation & Compliance
05/30/2017
Singapore to spearhead regional access to financial services
The potential for growth in financial services is huge.
05/30/2017
Hong Kong authorities, banking industry launch fraud, money-laundering task force
At the core of FMLIT will be the Operations Group, where government and industry intelligence professionals will work side-by-side in tackling serious financial crime and money laundering threats impacting Hong Kong.
05/30/2017
The big changes facing Singapore’s advisory industry
In Singapore, meanwhile, the Monetary Authority of Singapore believes that anybody who is receiving advice should be getting that only from someone who is licensed to do so.
05/29/2017
Vanguard sets up WFOE in China
The Vanguard spokeswoman says the Chinese subsidiary is open to different options to help clients build low-cost, long-term, and broadly diversified portfolios.
05/29/2017
Fraud And Money Laundering Force Launched in Hong Kong
The disciplinary action followed an investigation by the HKMA which found that.
05/29/2017
ASIC to introduce new RegTech body
Another focus for ASIC, which is outlined in the report, is the “continued use of technology trials”.
05/29/2017
Hong Kong’s role as the gateway to China
This regulation says that Hong Kong-domiciled funds can be registered in Switzerland for distribution, thus providing the firm with a market which is home for private banks and family offices.
05/29/2017
PHL banks going from ‘strength to strength’
This as banks have complained of increased competition, as they scramble to get a bigger slice of the costlier consumer lending pie.
05/29/2017
How Asian Banks Stepped Up
Asian banks emerged from the global financial turmoil with stronger fundamentals relative to their global peers.
05/29/2017
Australian Regulator Cancels Licence of China-Focused MT4 Broker Gallop
Gallop International Group Pty, formerly known as Weather Pro Exchange Pty, is no longer ASIC-approved.
05/29/2017
India markets regulator proposes tighter rules for offshore derivatives
ODIs tracking equities and debt would be spared.
05/29/2017
Family Wealth Disputes: Preparation Is Key
The world's biggest smartphone maker Samsung and South Korea's other giant conglomerates are firmly in the sights of the country's new president Moon Jae-In - and analysts say he could succeed where many have failed.
05/27/2017
Chinese regulator greenlights seven IPOs
The firms and their underwriters will confirm IPO dates and publish prospectuses following discussions with the exchanges.
05/26/2017
ASIC boosts Australia's regtech innovation scene
The initiatives are among a range of proposals covered in Report 523 ASIC’s Innovation Hub and our approach to regulatory technology, released today, covering ASIC's approach to regtech and inviting feedback from the sector and wider industry.
05/26/2017
Queensland Supreme Court imposes penalties on dishonest MFS officers and funds manager
It also ordered them to pay compensation.
05/25/2017
Government's structural reforms steps in the right direction: UBS
According to the global financial services major, notwithstanding the "gradual pace" of recovery on the ground, the government's current measures are steps in the right direction.
05/25/2017
Stockbroker fined S$9,000 for corruption in latest 1MDB-linked prosecution
The assets turned out to be two oil ships owned by PSOSL, and the clients, Ang found out later, were Bridge Partners Investment Management (Cayman) Limited and Affinity Equity International Partners Limited – companies controlled by Yeo and Mr Tan,
05/24/2017
IFC and Monetary Authority of Singapore Collaborate to Advance FinTech Innovation in Asia
FinTech is at the core of the growing interaction between those industries, with great potential to help countries overcome development challenges, by making widespread access to financial services possible.
05/24/2017
Japanese financial regulators raid state-backed bank over shady loans
The Financial Services Agency headed up the on-site inspection Wednesday and is looking into those responsible for the bank extending emergency loans to firms and companies that did not fulfill the criteria as set under the state-backed scheme.