The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.
March 19, 2021Remittance payments from anywhere in the world destined for the UK routed through Lloyds can arrive in seconds with fee and foreign exchange transparency.
December 3, 2020Regulation Asia spoke to financial crime compliance experts about the ongoing effort required to achieve and maintain high standards for source of wealth and source of funds checks.
October 18, 2020Over the past two years, SWIFT has run successful proof of concepts with payment infrastructures in Singapore, Australia and Europe.
October 12, 2020FTSE Russell cites significant market infrastructure improvements to expand access to international investors, improve liquidity, and develop settlement and custody processes.
September 28, 2020Among the potentially suspicious transactions were more than $174mn of possibly illicit funds that flowed through Australian banks.
September 22, 2020Barclays will launch an FX trading and pricing engine in Singapore by mid-2021, adding to existing platforms in New York, London and Tokyo.
September 19, 2020HSBC and Standard Chartered are among the banks that have scrapped their 2019/2020 dividends and agreed not to buy back shares.
April 2, 2020HKEX has announced that its central counterparty subsidiary, OTC Clear, has received approval to offer client clearing services to banks in Japan.
January 9, 2020At a meeting with bank and asset manager heads, the FSS promised to lower regulatory and operational barriers for foreign firms looking to enter Korea’s financial markets.
December 3, 2019