Asia
Aussie regulator seeks wind up order for land banking scheme
As part of its ongoing investigation into land banking schemes, presumably on the back of the LMIM scandal, the Australian financial regulator has started legal action to wind up a scheme in which at least 82 people invested around A$800,000 (£488,212, $640,123, €546,859).
Abu Dhabi inks two partnerships with Malaysian regulators
The financial regulator of the Abu Dhabi Global Market (ADGM) has signed partnership agreements with its two financial services counterparts based in Malaysia’s financial hub, Labuan.
Abu Dhabi and Australia sign cooperation deal for fintech push
The Abu Dhabi Global Market’s Financial Services Regulatory Authority (FRSA) has signed a cooperation agreement on financial innovation with the Australian Securities and Investments Commission (Asic).
China remains a hotbed for Ponzi schemes despite crackdowns
Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.
International Adviser magazine goes digital
After 12 years of printing monthly copies, International Adviser is going digital from September. This exciting development will allow us to shape our content differently as the markets around the world evolve.