09/15/2021
Former mortgage broker charged with making a false statement to ASIC
The matter has been listed for a reply to service of the brief before the Downing Centre Local Court on 2 November 2021.
Legal, Regulation & Compliance
09/15/2021
National Australia Bank tightens up AML regime
The bank is also aiming to avoid repeating the same mistake with new customers, he added.
09/15/2021
Joint Statement By Monetary Authority of Singapore And Securities and Exchange Commission of Thailand
MAS and SEC Thailand welcome the launch of the Thailand-Singapore DR Linkage
09/14/2021
Singapore’s PayNow and India’s UPI to Link in 2022
The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India.
09/14/2021
SEC fines Chinese billionaire's companies $539m over illegal offerings
Companies to Pay More Than $539 Million in Settlement for Distribution to Investors
09/13/2021
The fund managers now bailing out of China
Investors are spooked, but could this be time to buy, asks David Brenchley
09/13/2021
Carey Olsen has been named a finalist for Best Offshore Law Firm at the HFM Asia Services Awards 2021.
The offshore category is one of 31 awards to be decided upon by HFM's independent judging panel of CEOs, CFOs, COOs, and General Counsel from leading hedge funds.
09/13/2021
Hong Kong | Management and disclosure of climate-related risks by fund managers
Who is impacted?
09/10/2021
China Development Bank vice-president detained in corruption probe
He Xingxiang is the third senior CDB executive to face a corruption probe during President Xi Jinping’s anti-corruption drive
09/10/2021
APRA phases out reliance on Committed Liquidity Facility
APRA will continue to review financial market conditions, and will adjust these expectations should circumstances materially change.
09/10/2021
Singapore Exchange allows SPAC listings
SGX’s rules also require that de-SPAC takes place within 24 months of initial public offering (IPO)
09/10/2021
Lawyer and former company officers associated with Members Alliance and Benchmark groups facing 72 criminal charges
The charges follow an ASIC-led Serious Financial Crime Taskforce (SFCT) investigation into the collapse of the groups and alleged associated phoenix activity.
09/10/2021
Singapore Ranked the Top Regulatory Base for Multinationals - Mercator
APAC was also the top region overall on cost and duration.
09/10/2021
NAB poring over millions of accounts to plug money laundering leaks
Mr McEwan said he was restricted in what he could say due to an ongoing investigation by the Australian Transaction Reports and Analysis Centre, but later confirmed Project Apollo’s existence and said the bank was taking the remediation program
09/10/2021
Quilter International: Nearly half a million people issued British National Overseas passports
This has seen 64,900 BN(O) visas applied for during the first two quarters of this year according to the National Statistics from UK Home Office.
09/10/2021
Allens advises Coles on $1.3b sustainability-linked loan facilities
Allens has recently assisted a number of corporate clients with SLLs, and has been at the forefront of structuring SLLs to fit within broader financing platforms and strategies.
09/10/2021
Latham & Watkins Advises on India's First Sustainable AT1 Notes Issuance
The transaction is also Axis Bank’s largest ever single-tranche USD bond issuance to date.
09/09/2021
Ex-manager of HKDC charged as graft probe reveals $390,000 contract fraud
The ICAC investigation arose from a corruption complaint.
09/09/2021
China's new personal information protection law setting new grounds
Unlike the Cybersecurity Law and Civil Code which focus on the data subject’s consent for PI handling, the PIPL authorizes the handling of PI in the absence of an individual’s consent
09/08/2021
China to tighten regulation over wealth management units to prevent contagion risks
The rules will help urge companies to enhance liquidity management of WMPs and better prevent risks from spreading across the markets and products, CBIRC said.