All posts tagged "escrow"
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113Asia-PacificBangladesh Bank to Provide Escrow for E-commerce Payments
Advance payments will be deposited with the central bank or other payment gateways until products bought online reach customers.
June 30, 2021 -
370FeatureSFC May Have Doubts About Allowing SPAC Listings – Report
HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
May 7, 2021 -
348Securities & TradingSGX Opens Consultation on SPACs Listing Framework
At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC's acquisition of a target company.
April 2, 2021 -
213EnforcementSingapore Authorities Issue More Charges in Wirecard Probe
The director of local accounting firm Citadelle Corporate Services was hit with three additional charges for falsifying letters confirming Wirecard cash balances.
December 10, 2020 -
679EnforcementProsecutors Assess Whether EY Acted Criminally During Wirecard Audits
Germany's audit supervisor has reportedly told prosecutors that EY may have violated its legal due diligence and reporting obligations during its Wirecard audits.
November 29, 2020 -
710EnforcementSingapore Lawyer Faces Life in Prison for Cheating, Breach of Trust
The JLC Advisors managing partner absconded with S$33.8mn in client money last year but was arrested in Malaysia. 19 new charges relate to his misappropriation of S$17.5 from another client.
October 22, 2020 -
1.3KAustralia & NZASIC Grants Regulatory Relief for Companies Planning IPOs
ASIC is granting relief for voluntary escrow arrangements and pre-prospectus communications to security holders and employees to reduce IPO red tape.
August 28, 2020 -
969AML / KYC
Singapore Authorities Issue First Charges in Wirecard Probe
A director of Citadelle Corporate Services is said to have "wilfully and with intent to defraud" stated false balances held in escrow on behalf of Wirecard in 2016 and 2017.
August 8, 2020 -
606IndiaSEBI to End Usage of Pool Accounts for Mutual Fund Transactions
SEBI found that trading and clearing members used by mutual funds were diverting client funds and securities to meet their own or third-party margin or settlement obligations.
December 26, 2019
