5th October 2016
The International Monetary Fund (IMF) has recommended that Ukraine should enable the National Securities and Stock Market Commission (NSSMC) to conduct audits of any legal entity or individual to determine compliance with securities laws, demand and have access to information such as banking secrecy, and investigate violations on the capital… Read More
3rd October 2016
The Dandong-based Chinese trading firm sanctioned by the U.S. last month for laundering money for a North Korean bank linked to the regime’s weapons of mass destruction program used at least 22 front companies for U.S. dollar transactions, according to U.S. court papers. Dandong Hongxiang Industrial Development Co. (DHID) established… Read More
3rd October 2016
South Korea’s agricultural and livestock sectors are seeking ways to keep business afloat amid concerns the new anti-corruption law that came into force last Wednesday would freeze market demand for their major products. The Improper Solicitation and Graft Act bans members of government agencies, private education institutions, and media outlets… Read More
30th September 2016
Stepping up action in the Rs 5,600-crore NSEL money laundering case, the Enforcement Directorate today attached assets worth Rs 1,170 crore of Financial Technologies India Ltd (FTIL). The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA), attaching bonds and securities worth Rs… Read More
30th September 2016
On the occasion of Myanmar’s State Counselor Aung San Suu Kyi’s recent visit to the United States (U.S.), President Obama announced that executive sanctions on Myanmar would soon be lifted. This will grant Myanmar greater access to the U.S. market and encourage U.S. companies to invest in the country. Trade between… Read More
29th September 2016
The Luxembourg Stock Exchange has become the first stock exchange in the world to introduce a platform that will trade exclusively in green bonds and other environment-focused financial instruments. The Luxembourg Green Exchange (LGX), which went live this week, limits access to issuers that comply with tight eligibility criteria,… Read More
29th September 2016
The top two U.S. securities regulators on Tuesday outlined rule proposals ranging from asset management to swaps dealing they will take up in coming months, indicating the agencies will be at full throttle through election season to the end of the year. The Securities and Exchange Commission and Commodity Futures… Read More
27th September 2016
The United States Justice Department has filed criminal charges against a Chinese executive, accusing her, the company she owns and several of her colleagues of violating American sanctions meant to choke off funding to North Korean companies that help Pyongyang develop nuclear weapons. Read More
27th September 2016
The nation’s deeply rooted business entertaining culture is expected to go through a major change with the enforcement of the anti-corruption law on Wednesday, amid mixed prospects of its impact on the economy and its role of building a transparent society. Expectation is high for the power of the law,… Read More
27th September 2016
An international group that monitors money laundering said on Tuesday that Singapore should pursue more offenders involved in international cases and take more action to confiscate suspicious funds moving through the city-state. “Singapore maintains one of the lowest domestic crime rates in the world and therefore the bulk of Singapore’s… Read More