The Hong Kong branch of Coutts has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.
Tag: Coutts
1MDB scandal: Coutts fined $6.55m for `serious breach’
Coutts must pay out $6.55m (CHF 6.5m) for serious breaches of anti-money laundering rules in connection with the scandal-torn Malaysian 1MDB sovereign wealth fund.
MAS bans star dealmaker, fines SCB, Coutts over 1MDB
The Monetary Authority of Singapore has slapped a ban on an ex-Goldman Sachs banker while Standard Chartered and Coutts have been hit with record fines for their roles in Malaysia’s 1MDB scandal.
Japan and Europe retain favoured status after rate hike
Industry sources say that the Federal Open Market Committee’s decision to increase interest rates by 0.25% tilts their preference toward developed market equities and the banking sector.
Coutts overweight Europe, Japan
Market volatility is driving investor interest to the Eurozone and Japan, according to Aman Dhingra, executive director at Coutts in Singapore.
Nomura appoints Asia WM CIO
Nomura has appointed ex-Coutts MD Johnny Heng as its chief investment officer of wealth management for Asia ex-Japan.
Chinese wealth manager in pact with UBP
Noah Holdings has entered into a pact with Union Bancaire Privée as both firms aim to grow their cross-border businesses.
The FSA Spy market buzz 15 06 2015
Spy has been out with his magnifying glass pounding the streets and eavesdropping on gossip in cafés, but the summer lull has arrived and the world of Asian asset management is getting a little siesta time. Nonetheless, Spy has unearthed a few juicy tidbits on the jobs merry-go-round. Whilst savouring a fine Laphroaig (10-year-old vintage), Spy heard that Heidi […]
European fund selectors warm to Asia
Concern over risk in China is easing, prompting European and UK fund selectors to inch up their exposure to Asia.
Investors ditch gold etf due to record equity price
As equity indices gain traction, investors are selling out of gold exchange-traded funds (ETFs) at quite a pace, according to data provided by Coutts.
