The Economic Crime and Corporate Transparency Act received royal assent. The law enables crypto seizures and introduces a 'failure to prevent fraud' offence.
October 27, 2023Oliver Fines says fiduciaries have no excuse for their falling prey to hype associated with crypto, as principles of prudence, care and loyalty should continue to apply.
February 3, 2023SEBI will review existing regulatory provisions and market practices applicable to mutual fund fees and expenses and consider appropriate policy measures.
January 3, 2023The FSC will be able to dismiss board members of investment firms or revoke their business licences entirely if fund managers are involved in fraud.
September 20, 2022The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.
November 28, 2021The new MoU sets out a framework for cooperation, covering case referrals, joint investigations, information exchange, mutual investigative assistance and training.
October 7, 2021The MAS penalty follows similar action taken against UBS by the Hong Kong SFC to penalise the bank and demand compensation for clients that were overcharged over a ten-year period.
November 18, 2019Draft report by investigative panel says the bank’s management failed to take reasonable caution against lending malpractice involving the falsification of documents.
August 22, 2018China’s banking and insurance regulator has imposed fines on China Merchants Bank, Shanghai Pudong Development Bank and Industrial Bank for various violations.
May 10, 2018Government reviewing and enhancing existing tax concession arrangements for fund industry; HKMA to launch real-time payments, issue virtual bank licences this year.
April 20, 2018