02/05/2013

HK regulator bans ex-Merrill Lynch Asia employee

The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.

02/05/2013

SFC bans Wing Hang Bank employee for life

The disciplinary action follows Ho’s conviction for misappropriating around $1.3 million from three customers’ accounts by forging their signatures

02/04/2013

Tax rise imminent, warns KPMG China

KPMG China predicts a budget deficit due to government spending and says a goods and services tax will help to widen the tax base

02/03/2013

Swiss tax haven is over

International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.

01/27/2013

Bank probes find manipulation in Singapore's offshore FX market

The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under added scrutiny and spurs both regulators and institutions to reconsider how certain key interest and currency rates are set.

01/16/2013

Malaysia campaigners tackle Swiss banks

The rainforest advocacy group Bruno Manser Fund (BMF) has filed a complaint to the Swiss attorney general’s office against four banks – UBS, Edmond de Rothschild, Pictet and Deutsche Bank – for their dealings with the Malaysian Taib clan