07/08/2015
Malaysian law firm representing prime minister might sue WSJ
They were provided with a number of documents and materials to aid with the investigations currently taking place.
Legal, Regulation & Compliance
07/07/2015
IOOF scandal: shades of grey in whistleblower revelations
IOOF boss Chris Kelaher and his chief of investigations Rob Urwin will be fronting a Senate committee today secure in the knowledge that they will get a going-over from Labor terrier Sam Dastyari and committee chairman John Williams, the Nationals’
07/07/2015
IOOF compensated 57 clients for poor advice in the past two years
IOOF has paid $2.8 million in compensation to 57 customers of its authorised financial planners during the past two years
07/07/2015
NZ's FMA settles with Hanover Finance
Failed property financier Hanover Finance Group has settled with New Zealand's Financial Markets Authority over claims it misled investors in 2007 and 2008.
07/07/2015
Sealed HSBC report shows US managers battling clean-up squad
HSBC agreed to submit to the monitor's oversight in late 2012, as part of a pact with the US Justice Department that required it to bolster its in-house controls.
07/07/2015
Exim Bank, FICCI mark Africa-India Partnership Day in Ivory Coast
Under ITEC, the Indian government extends fully paid scholarships to participants in developing countries for studying a diverse range of subjects.
07/07/2015
Malaysia freezes bank accounts linked to PM amid corruption allegations
The existence of the documents, which allegedly show $700 million was wired from entities linked to 1MDB into Najib’s accounts
07/06/2015
China freezes IPOs to stem market tumble
DIVERSIONS:The State Council’s order affects 10 firms planning to list on Shanghai’s exchange and 18 on Shenzen’s bourse after Chinese stocks entered a bear market
07/06/2015
Key whistleblower hits out at witch-hunts
One of the financial services insiders who first raised the alarm about Trio/Astarra, Dominic McCormick, has strongly criticized the media's coverage of alleged problems with IOOF
07/06/2015
Keeping ahead of the compliance curve
In an evolving regulatory environment, it is important that institutional investors are kept abreast of regulatory and compliance issues
07/06/2015
China’s Mutual Recognition of Fund Scheme Draws First Applicants
Eleven international asset managers have applied to take part in China’s mutual recognition of fund scheme
07/06/2015
Disclosures to enjoy immunity under FEMA: Black Money FAQs
The government will give immunity from prosecution under FEMA
07/06/2015
Greek co wants damages from Indian-origin investor and Softbank VC Nikesh Arora
A Greek company reportedly filed a lawsuit in a New York court against Softbank's Indian-origin Vice Chairman Nikesh Arora.
07/06/2015
APRA releases information paper on outsourcing involving shared computing services, including cloud
The Australian Prudential Regulation Authority today released an information paper on prudential considerations and key principles in relation to outsourcing involving shared computing services, including cloud.
07/05/2015
25 Chinese mutual fund houses seek to speed up application and issuance of equity funds
The announcement follows near-daily government policy moves over the past week
07/05/2015
Singapore to remove distinction between international and domestic banking
The divide also made it easier to offer incentives to encourage offshore banking activities out of Singapore, Tharman said, but focusing incentives in the ACU.
07/05/2015
Malaysian Leader Faces Risk of Criminal Charges Over Fund
It is one of the worst political crises for Najib, who has come under increasing criticism over his leadership.
07/05/2015
Common reporting standards: Expanding the landscape of financial information reporting
The Philippine and US governments are expected to soon sign the Inter-Government Agreement which will provide guidance on how financial accounts of US persons should be reported to the US Internal Revenue Service to comply with the Foreign Account Tax Com
07/03/2015
WSJ: 1MDB's RM2.6b found in 'PM's accounts'
In another sensational expose, The Wall Street Journal (WSJ) reported today that Malaysian investigators have traced nearly US$700 million of deposits into what they believe are personal bank accounts of Prime Minister Najib Abdul Razak.
07/03/2015
Singapore tweaks proposed real estate investment trust market reforms
It also increased the limit on property development activities to 25 percent of a REIT's assets, from 10 percent, to allow more operational flexibility.