07/24/2015
The importance of recording sources of money received from offshore transactions
The risk is that if a taxpayer cannot meet the burden of proof for documenting of a receipt of money or a transaction
Legal, Regulation & Compliance
07/23/2015
Deutsche Börse gets Singapore regulatory approval for clearing house
Deutsche Börse Group has received full regulatory approval from the Monetary Authority of Singapore to operate Eurex Clearing Asia.
07/23/2015
Macquarie pays $11m advice compensation so far
Macquarie Group's comprehensive advice remediation program has paid $11 million to disgruntled advice clients a year after it was put in place.
07/23/2015
Standard Chartered Must Raise Up to $10 Billion, Mizuho Says
A capital issue would be dilutive, and we would expect the bank’s share price to fall initially
07/23/2015
Australia lags global M&A frenzy as bankers, lawyers look set for seventh boom
What we have now is the start of a possible seventh
07/23/2015
ANZ ups investor rates in response to APRA guidelines
The move is a notable escalation in moves by the big four to prop up margins.
07/22/2015
China denies exit of rescue funds
The China Securities Regulatory Commission has denied claims that it is considering plans to withdraw funds previously used to stem the recent stock market crash.
07/22/2015
Singapore police freeze two bank accounts related to 1MDB probe
The Wall Street Journal (WSJ) reported that investigators looking into 1MDB had traced close to $700 million of deposits into personal bank accounts belonging to Prime Minister Najib Razak.
07/22/2015
Mindful of global risks, Philippines c.bank plots steady course
The Philippines has become a star performer among emerging markets since its reformist president, Benigno Aquino, took office in 2010.
07/21/2015
Australia banks told to raise US$7b under new capital rules
The financial regulator also said large banks and mortgage rival Macquarie Group Ltd may have to raise more in future as the country shifts from letting property lenders decide cash reserves to making them follow global standards.
07/21/2015
Van Eyk asset hunt: investors take legal action in Cayman Islands
The hunt for assets belonging to failed funds management empire Van Eyk has moved to tax haven the Cayman Islands.
07/21/2015
Appleby Advised Chia Tai Enterprises on its Spin-Off and Listing
The spin-off structure featured a Bermuda company listing two classes of shares, an innovative approach on the Hong Kong Stock Exchange.
07/21/2015
Big four accounting firms push into legal services
What's more, they have ambitious expansion plans and the capital to continue investing in this service line.
07/21/2015
Government consults legal experts on allowing foreigners to directly invest in venture capital and PE funds
The government has sought the opinion of legal experts on allowing foreigners to directly invest in Indian venture capital and private equity funds.
07/21/2015
IRS targets Singapore in tax evasion crackdown
First came Switzerland. Now the Internal Revenue Service has a new target: Singapore.
07/20/2015
Banks resort to Beijing-backed shadow bailouts for market
Mainland lenders resort to shadow banking market so companies can buy their own shares - all under the auspices of the government
07/20/2015
US authorities investigating Singapore asset manager in offshore tax evasion crackdown, says WSJ
In its online report on Sunday, the Journal said the investigation marks an expansion east of the US crackdown on undeclared offshore accounts that began in Switzerland in 2009.
07/20/2015
Bank capital requirements raised
The Australian Prudential Regulation Authority has announced that the major banks will be required to increase the level of capital they hold relative to their residential mortgage exposures.
07/20/2015
India Signs Up For FATCA To Block Black Money
Hundreds of thousands of non-resident Indians live and work in America and remit a large slice of their income home, while the Indian government wants to track down taxpayers who invest in the USA.
07/19/2015
China tightens grip on internet financing platforms
Chinese regulators are tightening their grip on internet financing, after the recent stock market crash raised worries over margin financing and the risk of ordinary citizens losing their savings.