REGULATION

Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia property

Jailed 1MDB scandal banker ‘spent $8.2m’ on Australia...

The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m on Australian Gold Coast property, the Guardian has reported.

Published : 16, Jan 2017
MAS to reinforce retail investor protection

MAS to reinforce retail investor protection

Retail investors in Singapore will receive greater protection following changes to the Securities and Futures Act (SFA).

Published : 10, Jan 2017
Singapore account holders must disclose tax residency status

Singapore account holders must disclose tax residency...

Account holders in Singapore have been told by the taxman to fully cooperate with their financial institutions as they determine the tax residency status of their clients under the Common Reporting Standard (CRS).

Published : 9, Jan 2017
 Singapore charges Falcon PB official

Singapore charges Falcon PB official

Swiss national Jens Sturzengger has become the first westerner to be charged by a Singapore court as part of the investigations into the 1Malaysia Development Bhd (1MDB) money laundering scandal.

Published : 6, Jan 2017
Pioneer suspends two fund managers

Pioneer suspends two fund managers

Two top fixed income fund managers, including one who manages funds for sale in Asia, have been suspended by Pioneer Investments, industry sources have confirmed.

Published : 7, Dec 2016
MAS bans star dealmaker, fines SCB, Coutts over 1MDB

MAS bans star dealmaker, fines SCB, Coutts over...

The Monetary Authority of Singapore has slapped a ban on an ex-Goldman Sachs banker while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.

Published : 5, Dec 2016
Disclosure issue prompts exit of StanChart’s regional CEO

Disclosure issue prompts exit of StanChart’s regional...

Ajay Kanwal has resigned from his role as regional CEO for Asean and South Asia at Standard Chartered, with immediate effect.

Published : 29, Nov 2016
CSRC acts on illegal Stock Connect trades

CSRC acts on illegal Stock Connect trades

The China Securities Regulatory Commission has made its first crackdown on an illegal transaction via the Shanghai-Hong Kong Stock Connect.

Published : 21, Nov 2016
Modi’s daring reform move gets little notice

Modi’s daring reform move gets little notice

Overshadowed by the US presidential election last week was a “bold and historic” move by the Indian government to ban 500 and 1000 rupee currency notes, which is expected to be “transformational” for the economy in the medium term, asset managers said.

Published : 14, Nov 2016
Ex-offenders in Singapore can work in financial services

Ex-offenders in Singapore can work in financial...

The Monetary Authority of Singapore (MAS) has no rules against hiring ex-offenders for positions in the financial services sector, deputy prime minister Tharman Shanmugaratnam has confirmed.

Published : 11, Nov 2016

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