Asia
AllianzGI gets approval for wholly foreign-owned funds unit in China
In 2019, Allianz got approval from the Chinese regulator to establish the first ever foreign wholly owned insurance holding company in mainland China
MAS bans ex-Prudential Assurance Company Singapore rep for eight years over ‘dishonest conduct’
He misappropriated a total sum of S$117,160.94 entrusted to him by his client
Macquarie Bank to pay $10m over unauthorised third party fee transactions
Macquarie enabled its customers to give financial advisers, stockbrokers and accountants different levels of authority to transact on their accounts
Malaysia financial regulator revokes financial planner’s licence for false statement
The financial planner was ‘no longer fit and proper’ to carry out regulated activities
Vietnam sentences property billionaire to death in huge financial fraud case
84 defendants in the case received sentences ranging from probation for three years to life imprisonment