Nithya Subramanian

Mitsubishi Corp said that a Shanghai-based trader made unauthorised transactions with local businesses that defaulted on their payments.

The tycoon and his wife were arrested in Malaysia after allegedly embezzling over $51mn and fleeing Singapore in 2005.

The information paper aims to promote clear disclosures to help retail investors understand the key features and risks of ESG funds.

Belgian police searched the homes of Didier Reynders amid allegations of laundering funds through lottery ticket purchases.

The ruling blocks enforcement of the Corporate Transparency Act, suspending the obligation for corporate entities to meet the 1 January 2025 filing deadline.

MAS also launched a consultation paper proposing a roadmap to sunset corporate cheques and a transition plan for retail cheques.

New information paper sets out good practices for managing risks associated with AI, including GenAI, based on a thematic review of banks.

The advisory is intended to remind market participants of their regulatory obligations as they begin to develop and implement AI.

McKinsey will pay $122mn to resolve an investigation into bribes paid to South African officials to secure lucrative consulting contracts.

DTCC’s Val Wotton discusses how Asia-based firms will be impacted by the transition to T+1 in the UK and Europe.