The US Department of Justice (DOJ) is working to recover around $1.7bn in assets linked to an international conspiracy to launder funds misappropriated from Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).
The Monetary Authority of Singapore (Mas) has fined Credit Suisse and United Overseas Bank (UOB) and issued prohibition orders against three people following a two-year investigation into scandal-plagued wealth fund 1Malaysia Development Berhad.
China’s first court specialised in judging cases involving the fund industry is aimed at tighter scrutiny of the financial industry.
"Responsible officers" listed on an increasing number of mainland asset management firm applications will get tougher scrutiny from the Hong Kong’s Securities and Futures Commission, according to Julia Leung, the SFC’s executive director for intermediaries.
The Hong Kong Securities and Futures Commission (SFC) and the UK's Financial Conduct Authority have entered into a co-operation agreement to support fintech innovation.
Hong Kong’s Securities and Futures Commission (SFC) is proposing new cyber security control practices to reduce and mitigate hacking risks associated with internet trading.
Taiwan is expected to allow local fund managers to set up private equity funds, according to Jeff Chang, chairman of Taiwan’s Securities Investment Trust and Consulting Association (Sitca).
The Chinese government’s warning on financial risk this week has put pressure on the country’s equity and bonds markets.
The Hong Kong branch of Coutts has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.