ComplianceAsia

SFC wins appeal against Tiger Asia (SFC)

Fri, 24 Feb 2012 02:29:24 GMT

The Court of Appeal today overturned the decision of the Court of First Instance to strike out the proceedings of the Securities and Futures Commission (SFC) against New York-based asset management company, Tiger Asia Management LLC (Tiger Asia) and three of its officers, Mr Bill Sung Kook Hwang, Mr Raymond Park and Mr William Tomita

Japan regulator orders AIJ investment to halt operations (Reuters)

Fri, 24 Feb 2012 02:29:18 GMT

Japan's financial regulator has ordered AIJ Investment Advisors Co to halt operations for a month, Financial Services Minister Shozaburo Jimi told media on Friday.

FSC optimistic on easing cross-strait finance rules (China Post)

Fri, 24 Feb 2012 02:28:31 GMT

An official from Taiwan's top financial regulator said Thursday that she is optimistic about more relaxed financial policies across the Taiwan Strait in the near future.

The Asia Pacific Top 10 FCPA Cases of 2011 (Clifford Chance)

Thu, 23 Feb 2012 04:43:32 GMT

Continuing to focus an unblinking eye on the Asia Pacific region, US anti-corruption enforcement authorities resolved 10 investigations in 2011 against companies operating in that region under the Foreign Corrupt Practices Act (FCPA).

Chinese Government Centralizes Database of Bribery Convictions (FCPA Blog)

Thu, 23 Feb 2012 04:23:06 GMT

On February 16, 2012, China’s Supreme People’s Procuratorate (“SPP”), the main investigatory and prosecutorial arm of the Chinese government, in conjunction with other PRC anti-corruption agencies, announced that a database listing individuals and companies found guilty of certain bribery offenses now has nationwide scope.

G20 plots course on reining in "shadow banks" (Reuters)

Thu, 23 Feb 2012 01:27:10 GMT

Policymakers from the world's top economies meet this weekend in Mexico City to begin finding common ground to tackle the world's economic challenges, which include reining in a $60 trillion financial sector on the fringe of mainstream banking.

SEC Charges China-Based Executives with Securities Fraud (SEC)

Thu, 23 Feb 2012 01:12:07 GMT

The Securities and Exchange Commission today charged two China-based executives with defrauding investors into believing they were investing in a Chinese coal business when in fact they were investing in an empty shell company.

Goldman Sachs Analyst Inquiry Said to Show U.S. Focus on Taiwan (Bloomberg)

Wed, 22 Feb 2012 09:45:33 GMT

The investigation of a Goldman Sachs Group Inc. analyst shows U.S. officials have intensified their focus on banks and Taiwan in a multiyear insider-trading probe that has implicated hedge funds, technology company employees and consultants, a person familiar with the matter said.

John Paulson firm sued over Sino-Forest bet (Reuters)

Wed, 22 Feb 2012 09:29:58 GMT

A firm run by John Paulson was sued on Tuesday by a prominent Miami investor who claimed the billionaire's hedge funds failed to conduct proper due diligence on Chinese forestry company Sino-Forest Corp before buying shares, costing investors more than $460 million.

UK police investigate Threadneedle rogue trade attempt-FT (Reuters)

Wed, 22 Feb 2012 09:09:06 GMT

Police in London are investigating a suspected $150 million trading fraud attempted by a former trader at the British investment house Threadneedle, the Financial Times reported on Wednesday.

SFC to implement new guidelines on anti-money laundering and counter-terrorist financing (SFC)

Tue, 31 Jan 2012 04:51:32 GMT

In conclusions from a consultation paper, Hong Kong's Securities and Futures Commission announced that they will produce new AML and CFT guidelines, available here.

Hong Kong’s Tiger Court Fight Tests Regulator’s Offshore Reach (Bloomberg)

Tue, 31 Jan 2012 04:50:32 GMT

The Securities and Futures Commission will try next week to overturn a court ruling that it can’t seek civil remedies from New York-based Tiger Asia under a law used to freeze the assets of suspected rule breakers.

Volcker Rule Stirs Up Opposition Overseas (NYT: Dealbook)

Tue, 31 Jan 2012 04:49:39 GMT

Governments outside the United States are displeased with the Volcker Rule's prohibition in trading non-U.S. government bonds.

Five charged with $24m bribery over trading of derivative warrants (ICAC)

Fri, 13 Jan 2012 04:39:56 GMT

Click on the headline to read the full article at the ICAC website.

SFC suspends Andy Lui Hing Yip (SFC)

Fri, 13 Jan 2012 04:36:22 GMT

Click on the headline to read the full story at the SFC website.

SFC reprimands and fines Yip Kim Fung $50,000 (SFC)

Fri, 13 Jan 2012 04:34:48 GMT

Click on the headline to read the full story at the SFC website.

ComplianceAsia’s Website Up and Running

Sun, 28 Aug 2011 09:05:54 GMT

We are happy to announce that our website has been redesigned! Let us know what you think. Submit your comments in the form on our Contact Us page to give us some feedback on our website’s new look.

Breakfast Briefing – Singapore 8:00AM September 1st

Wed, 24 Aug 2011 03:21:47 GMT

ComplianceAsia will be hosting an 8:00AM breakfast briefing in Singapore on September 1st at the Fullerton Hotel. We are already fully booked and we are looking forward to catching up with some of our Singapore clients.

Breakfast Briefing – 21 June 2011

Mon, 06 Jun 2011 09:53:54 GMT

ComplianceAsia will host a breakfast briefing in Hong Kong on the 21st of June, 2011. The subject of the briefing will be inspections by the Securities and Futures Commission. We will be hosting the event at the Mandarin Oriental from 7:00-9:00 AM. We are currently fully booked, but please watch this space for our future events.