Hong Kong

Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.

Former DBS staffers accepted illegal commissions to obtain confidential customer data for use by sales staff in promoting personal loan business.

The MoU sets out terms for potential infrastructure loan sales by MUFG to the HKMC, as part of efforts to consolidate Hong Kong’s position as an infrastructure financing hub.

Consultation responses suggest that HKEX’s proposal to raise the profit requirement for Main Board listing IPOs will drastically reduce its competitiveness.

The corresponding H-shares will also be included in Southbound trading of Stock Connect, in addition to H-shares with corresponding A-shares listed in Shenzhen.

The construction company director conspired with other individuals to defraud DBS into issuing $75.3mn in L/Cs that had no genuine underlying transactions.

New report details case studies and insights from banks that have implemented technologies to enhance the efficiency and effectiveness of their AML/CFT efforts.

The new contract will cater to participants who prefer cash settlement and smaller contract sizes, such as medium-sized corporates and individuals.

Each Hong Kong or Thai fund approved under the MRF scheme will have to appoint a firm in the other market to serve as its representative.

The 7 individuals arrested are said to have helped a member of an international money laundering syndicate open at least 14 bank accounts.