12/03/2018
Developments in RegTech and SupTech - Patrick Armstrong
Demand is linked to regulatory changes and the need of market participants and supervisors to process large amounts of data. Supply factors primarily focus on advances in technology.
Legal,Regulation,Tax & Compliance
12/03/2018
Latest UAE visa shake-up opens window for wealthy investors
New longer-term visa regime will target investors, entrepreneurs and professionals
12/03/2018
Chinese regulator allows wealth management units to invest in shares
Chinese shares have slumped about 22 percent so far this year as economic growth has slowed to its weakest pace in more than a quarter of a century.
12/03/2018
Meet the wealth firm that proudly hires brokers with checkered pasts — from hot-dog thieves to serial email-deleters
A Florida wealth-management firm that oversees $500 million hires brokers who've had run-ins with the law or regulators.
12/03/2018
Banks’ Wealth Management Rules Take Effect
The final rules, which will impact the country’s 30 trillion yuan ($4.4 trillion) wealth management product (WMP) market, allow banks’ asset management units to raise public stock funds and invest up to 35% of their total assets under manageme
12/02/2018
Floyd Mayweather and DJ Khaled charged with massive fines for promoting cryptocurrencies
As per reports, Mayweather was paid $100,000 USD and DJ Khaled $50,000 USD to promote a virtual currency by the start-up Centra Tech.
12/02/2018
Judge Rules For KPMG in Wide Sex Discrimination Suit
KPMG LLP defeated an effort by female employees suing over alleged discrimination to pursue their claims on behalf of a group of about 10,000 others going as far back as 2009.
12/02/2018
UBS first foreign bank to gain majority stake in China venture
JPMorgan and Nomura await approval from securities regulator
12/02/2018
How do traders ensure due diligence in high-risk countries?
The three companies insist there is no evidence of wrong-doing and that they uphold high standards of due diligence in Brazil and beyond.
12/02/2018
Deutsche Bank chief dismisses takeover speculation
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.
11/30/2018
End to rulings on Swiss principal companies and finance branches
Under the current regime, a notional interest is calculated on the capital made available to the Swiss permanent establishment that leads to a reduced taxable net profit of the Swiss finance branch in Switzerland.
11/30/2018
Madoff Victims Will Get Another $695 Million From U.S. Fund (1)
Madoff’s investors lost a total of $19 billion in principal and more than $40 billion in fake profit when his securities firm collapsed in December 2008.
11/29/2018
Asian Currencies Are Winning Over Fund Managers
De-escalation of trade dispute seen as key for Asia currencies
11/29/2018
Gucci could go to court in next 20 days over tax evasion accusations
Both Gucci’s current chief executive Marco Bizzarri and former chief executive Patrizio Di Marco are under investigation as part of the case.
11/29/2018
Revived 1MDB Probe Claims Victims
These guys are fucking criminals,» Belfort told finews.asia last year. He was referring to spendthrift Malaysians reportedly linked to sovereign wealth fund 1MDB.
11/29/2018
Vistra Cyprus Acquires Licence for Cypriot Investment Programme
Vistra Cyprus, being recently awarded the required licensed certificate, with registration number CIP 448, is now permitted to make such submissions
11/29/2018
Deutsche Bank investigated over Panama Papers
Fallout hits German bank more than two years after Mossack Fonseca scandal broke
11/29/2018
Hong Kong court acquits former Standard Chartered private banker of bribery charge
A magistrate's court in Hong Kong has acquitted former Standard Chartered Bank private banking head Ryan Gwee Yuan Kerr of a bribery charge brought by the Independent Commission Against Corruption (ICAC).
11/29/2018
Deutsche Bank's Frankfurt Headquarters Raided in Money Laundering Probe
Frankfurt headquarters as part of an ongoing probe into money laundering that has implicated several European banks over the past year.
11/28/2018
Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding
The real commercial risk for organisations that are not ready to take this challenge seriously won’t necessarily come from the existing set of competitors, which might use the same traditional approach.