04/14/2016
World Bank and China-backed Asian Infrastructure Investment Bank join hands
Under consideration are around a dozen projects including water, transportation, and energy developments in East, Southeast and Central Asia.
Legal, Regulation & Compliance
04/14/2016
Top firms for Asia Pacific M&A revealed
King & Wood Mallesons topped the list for number of deals
04/13/2016
Swiss authorities expand criminal investigations into Malaysia’s 1MDB
The inquiry has so far shown that about $4 billion appeared to have been misappropriated from Malaysian state companies, Attorney General Michael Lauber said in January.
04/13/2016
Singapore to Regulate Fintech Firms Only When They Pose Risk
Singapore is trying to encourage investment in financial technology to boost its role as a regional banking hub.
04/13/2016
Leading ASEAN law firm & Al Aidarous Form Strategic Alliance in Middle East
Chambers Global and The Legal 500: Europe, Middle East & Africa have recognised WongPartnership in the areas of Corporate/Commercial, and Real Estate and Construction since 2011 and 2014 respectively.
04/12/2016
Mid-East company denies links to 1MDB
Both firms said yesterday they had never received payments from the company with the almost identical name, nor assumed any liabilities on its behalf, Reuters reported.
04/11/2016
APRA releases report on Trio investigation
APRA's focus was on the conduct of Trio as a corporate trustee and the conduct of individual directors between November 2003 and December 2009.
04/11/2016
Adnan Sundra triumphs at Malaysia Law Awards
Up-and-coming players Peter Ling & van Geyzel and MahWengKwai & Associates emerged as the Rising Firm of the Year
04/10/2016
High-flying Shanghai wealth management firm comes crashing back to earth
Police have arrested 21 people with ties to well-known Shanghai investment firm Zhongjin Capital Management, accused by police of illegal fundraising in China's rowdy and chaotic wealth management industry. Municipal police said in a statement on th
04/10/2016
Australia's big banks wander deeper into regulatory quagmire
While increased regulatory scrutiny will eventually promote greater compliance, banks could face medium-term financial penalties, denting earnings and shareholder returns in a sector battling stricter capital rules and higher loan losses.
04/10/2016
Bank of China enters Turkish market
As China's most internationalized and diversified bank, the Bank of China provides a comprehensive range of financial services to its mainland as well as 41 countries and regions.
04/10/2016
Indian fund houses must reveal executive pay
India’s mutual fund industry, which collectively oversees $200bn of assets, has responded angrily to the changes.
04/08/2016
ACC arrests Standard Bank officer for embezzling Tk 1crACC arrests Standard Bank officer for embezzling Tk 1cr
Files case against Midland Bank's MD for 'illegally wealth, false info'
04/07/2016
Amid 1MDB probes, BSI suffers exits in Singapore and dispute over liability
Recent departures from BSI Bank Singapore have included the unit's head of compliance and an executive in its wealth management unit
04/07/2016
Panama Papers: Singapore reviewing information, doing ‘necessary checks’
“Singapore takes a serious view on tax evasion and will not tolerate its business and financial centre being used to facilitate tax related crimes,” the Ministry of Finance and Monetary Authority of Singapore said in a statement.
04/07/2016
Clients cannot hide behind anonymous structures: banks
Singapore could benefit from smart money's flight from 'dodgy' to quality jurisdiction
04/06/2016
ASIC commences civil penalty proceedings against Westpac
ASIC alleges that on these days Westpac had a large number of products which were priced or valued off BBSW and that it traded in the bank bill market with the intention of moving the BBSW higher or lower.
04/05/2016
Panama Papers: Pakistani Prime Minister Nawaz Sharif asked to explain family wealth following leak
The Panama Papers confirm the Sharif family controls a vast land and property portfolio both in Pakistan, as well as overseas
04/04/2016
Global regulators move closer to regulating fintech
The Financial Stability Board, which met in Tokyo on Thursday, has agreed on a framework for categorizing different components of fintech and assessing their potential risks.
04/04/2016
Calls mount for tighter rules on NZ's foreign trusts after Malta scandal links
Green finance spokeswoman Julie Anne Genter has called for tighter rules around foreign trusts.