All posts tagged "Negligence"
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369AML / KYCMalaysia Secures Settlement from KPMG to Resolve 1MDB Claims
The settlement concludes a civil suit filed against KPMG and its current and former partners over the audits 1MDB's 2010-2012 financial statements.
September 18, 2021 -
189ChinaCSRC Probes Haitong Securities in Financial Reporting Fraud Case
Haitong is suspected of negligence and violations of law and regulations when it served as financial adviser on a deal to help a client on a backdoor listing deal.
September 10, 2021 -
105Australia & NZAustralia Passes Amendments to Continuous Disclosure Laws
Companies can provide forward-looking guidance to the market without the fear of class actions if forecasts are found to be inaccurate.
August 13, 2021 -
183AML / KYCMalaysia Files Suit Against KPMG Partners Over 1MDB Losses
The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021 -
201Australia & NZASIC Seeks Feedback on New Breach Reporting Guidance
The draft regulatory guide provides clarification on what constitutes a reportable situation under the upcoming breach reporting reforms.
April 23, 2021 -
501Australia & NZ
Australia Eases Disclosure Rules to Prevent Opportunistic Class Actions
Heightened uncertainty amid the Covid-19 crisis exposes companies to the threat of opportunistic class actions if their earnings forecasts are found to be inaccurate.
May 27, 2020 -
543Australia & NZ
ASIC Mandates Banks’ Further Removal of Unfair Loans Terms
New guidance ensures bank staff are held responsible for conduct and statements outside of formal contracts; removes borrower’s liability in the event of lender misconduct.
March 17, 2018
