09/08/2016
Bank Indonesia Pessimistic about Fruits of Tax Amnesty Program
Before the start of Indonesia's tax amnesty program in July 2016, Bank Indonesia estimated that the amnesty program would bring home about IDR 560 trillion
Legal, Regulation & Compliance
09/08/2016
Top Perth law firms in formal merger talks
The firm’s founding partner Piet Jarman said that the merger will equally benefit the law firm’s current clients.
09/08/2016
Tax watchdogs go hunting in packs
“This week of action is the result of months of collaboration with domestic Agencies to share intelligence and information,” Ms O'Dwyer said.
09/07/2016
Bringing needs-based solutions for Asia's wealthy
In a changing landscape driven by factors such as regulation, client appetite and the investment environment, it is all about staying relevant.
09/07/2016
JPMAM wins license for wholly owned asset management firm in China
The news release said JPMAM becomes the first foreign player to garner an asset management wholly foreign-owned enterprise license.
09/07/2016
Morgan Stanley pays $123,750 penalty
The compliance with the infringement notice is not an admission of guilt or liability.
09/07/2016
Hong Kong regulator bans two ex-HSBC advisers for life
The District Court also found that Chau referred her customers to Chow so that he could obtain more sales commission
09/07/2016
Bank license in hand, CIMB makes Vietnam foray
CIMB's move into Vietnam reinforces its presence in the region.
09/07/2016
Hua Nan Bank given green light to set up branch in Manila
Hua Nan Bank has become the first Taiwan bank to set up a branch in Southeast Asia
09/07/2016
Mahindra and Barclays Wealth Sign Global Strategic Relationship
SOFGEN has market leading domain expertise in various banking systems and has been retained by Barclays Wealth for in excess of 10 years.
09/06/2016
Standard Chartered, ICBC sign MoU
The alliance through the MoU sets out a conceptual framework and guiding principles for the two banks through which ICBC would benefit from Standard Chartered’s presence and banking experience in Pakistan.
09/06/2016
Coalition says Panama Papers sparked action against more than 100 Australian taxpayers
Ministers say analysis of papers by crimes taskforce also resulted in 15 unannounced visits and three search warrants
09/06/2016
Duterte administration stops DBP-Land Bank merger
According to the GCG, “more underserved and unbanked areas will be reached by the surviving bank through rationalization of the existing branch networks of DBP and Landbank.”
09/05/2016
Malaysia PM confirmed as involved official in wealth fund scandal
Complaints recently arose accusing high level officials of conspiring to misappropriate USD $3.5 billion from 1MDB.
09/05/2016
Supreme Court Asks Sahara Group To Disclose Source Of Money Raised
It should be any of the three alternatives. Money did not fall from the heavens.
09/05/2016
Sebi seeks major changes to new KYC process
In a letter to finance ministry last week, Sebi said market intermediaries are facing trouble empanelling new clients
09/05/2016
China central bank outlines rules on investment quotas under RQFII
The rules were jointly issued with SAFE.
09/05/2016
Best and brightest revealed at sell-out event
Almost 800 people were in attendance at this year’s event, which celebrated the achievements of 32 award recipients.
09/05/2016
Why TIBOR remains positive despite negative-rate policy
The TIBOR is more likely to reflect prevailing rates as creditworthy banks can borrow money at low interest rates.
09/02/2016
Former PNG PM Somare named as recipient in Singapore money laundering case
Sam Koim, the chairman of Papua New Guinea's anti-corruption squad Taskforce Sweep, said his team had been working with Singaporean authorities on the case.