All posts tagged "HSBC"
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483AML / KYCHSBC Launches 24/7 Digital Account Opening in Malaysia
The new account opening service is aimed at minimising physical contact in compliance with new social distancing norms due to the Covid-19 pandemic.
July 29, 2020 -
750AML / KYCHong Kong Wealth Managers Scrutinise Clients for Political Links
Wealth managers are said to be screening comments made by clients and their associates in public, in the media, and in social media posts as far back as 2014 to determine their political stance.
July 22, 2020 -
517UncategorisedKPMG Cites Concerns Over ‘Questionable’ ZenRock Transactions
KPMG was appointed as ZenRock's interim judicial manager in May amid allegations from HSBC that the company engaged in "dishonest transactions".
July 15, 2020 -
801FeatureHKEX Clears First HONIA-based Interest Rate Swaps
The first centrally cleared HONIA interest rate swap contract was between BOCHK and HSBC, marking a significant step to promote HONIA’s adoption in the financial industry.
July 10, 2020 -
914Feature
Singapore Banks Join Forces to Reduce Commodity Lending Risk
Some 20 banks in Singapore have set up a working group to propose new guidelines to improve lending practices and transparency for the commodity sector.
July 3, 2020 -
1.2KCapital RegulationHSBC’s Historical and Regulatory Dilemma Exposed
Financial markets are still reeling from the regulatory implications of HSBC’s support for China’s national security law in Hong Kong, says Peter Guy.
June 25, 2020 -
435Feature
HKEX’s OTC Clear Introduces Client Clearing Services
Market participants who are not themselves clearing members of OTC Clear can gain access to the benefits of central clearing through existing clearing members.
June 16, 2020 -
1.2KAML / KYC
Two Singaporeans Charged for Cheating Eight Banks
Two former employees of a crude oil products supplier allegedly created fictitious sales contracts and invoices to obtain $340mn in financing from eight banks.
June 16, 2020 -
1.2KChina
Chinese Regulators Respond to US Threat Against Hong Kong
The PBOC and CBIRC have offered assurances that Hong Kong's status as an international financial centre will not be jeopardised under the new national security law.
June 8, 2020 -
420EnforcementICAC Charges SME Director & Clerk for Defrauding HK Banks
The two are said to have defrauded seven banks of loans and banking facilities worth about HK$160mn, and deceived the TID and HKMC into issuing loan guarantees.
May 31, 2020
