01/04/2012
Japanese FSA issues foreign exchange deposits warning
This follows the revelation that the Japanese FSA took action against at least 35 financial institutions this year for breaching securities rules.
Legal, Regulation & Compliance
01/03/2012
BI Reminds Sharia Banks on Gold Pawn
Halim added that the sharia bank must follow the guidelines considering the highly fluctuant gold prices.
12/30/2011
Australian tax exile in Singapore 'in fear of a Paul Hogan'
AN expatriate Australian businessman accused of fleeing Australia to avoid prosecution for tax evasion has compared himself to fugitive French film director Roman Polanski and actor Paul Hogan.
12/29/2011
New U.S. tactic for suspected Swiss bank tax cheats
U.S. authorities hunting in Swiss banks for suspected tax cheats have a new weapon in their arsenal: an arcane but aggressive legal maneuver more commonly used against drug smugglers, money launderers and Imelda Marcos, widow of the Philippine dictator.
12/28/2011
Korea Regulator Says To Ensure Financial Market Stability At All Costs
South Korea's financial regulator said its top policy priority for 2012 is maintaining the stability of the local financial markets and it won't shy away from taking extreme measures if necessary.
12/28/2011
When to Go Above The Boss's Head
His story is exemplary of the whistleblower-like firings and resignations that have graced headlines since the days of Enron.
12/27/2011
Japan’s FSA to Add 32 Officials to Tighten Bank, Rule Oversight
Japan’s Financial Services Agency said it will hire 32 officials to help tighten oversight of illegal trading at securities firms and other regulations as it boosts its headcount and budget for next year.
12/26/2011
Australia Judge Denies Ex-Hanlong Executive’s Travel Request
An Australian judge refused to allow a former executive at a Sichuan Hanlong Group unit to leave the country after his alleged partner in an insider-trading scheme failed to return from a trip to China.
12/26/2011
Black money probe: IT department decides to reopen tax returns of suspects
Faced with a number of cases of denial of secret foreign bank account holdings, the Income Tax department has decided to re-open past tax returns of such individuals in Mumbai and Delhi among others, in order to unearth black money stashed abroad.
12/21/2011
Baker & McKenzie seeks opportunities in ongoing crisis
In an interview during his first visit to Thailand since he took over the chairmanship in November last year, Leite was bullish on the prospect of the emerging world, as firms in several countries including Thailand are spreading businesses overseas.
12/21/2011
Former UBS wealth manager floated two firms in India
Trader accused by UK regulator of trying to create illegal investment arm for Anil Ambani.
12/19/2011
Class action against more Australian banks
A British expat is behind the biggest class action in Australian history
12/19/2011
Two major global banks ordered to suspend part of operations in Japan
The order represents the FSA's third administrative action against Citibank Japan, following those in 2004 and 2009.
12/16/2011
Former PwC consultant guilty of insider trading
The regulator alleged that at the time Glynatsis acquired the relevant securities and CFDs he possessed inside information he had acquired through internal PwC databases holding confidential client information.
12/08/2011
Businessman sues banking giant for 1984 losses
Sabahagchand Choithramanni Gurdas filed a writ in the High Court yesterday that claimed the bank breached a restructuring agreement in 1984 and other agreements, including various mortgages, charges and a guarantee it held as security over assets he owned
12/08/2011
Additional tax on residential properties sends developers' shares tumbling down
Foreigners and corporate entities will have to pay an additional 10 percent stamp duty, the government said in a statement yesterday.
11/30/2011
DLA Piper boosts Beijing with double Mallesons hire
DLA Piper has bulked up its Beijing corporate and M&A practice with a double partner hire from Australia's Mallesons Stephen Jacques.
11/29/2011
Woori plans to compensate investors
The Woori decision is being followed by a move to take a legal action against Citigroup, Bank of America (BoA)-Merrill Lynch and Royal Bank of Scotland (RBS) with a U.S. court to hold them responsible for losses in derivatives investments of as much as $3
11/29/2011
Robust Chinese investments creates new client base for global law firms
Ashurst and Eversheds are among those intending to expand their mainland presences. Both have plans to establish offices in Beijing.
11/22/2011
Prosecution of tax offenders nowhere in sight
Black money probe going nowhere as treaties render ED toothless