22 arrested in crackdown on money-laundering group

Hong Kong and mainland police have arrested 22 people in a crackdown on a cross-border money-laundering syndicate, which they said had handled HK$740 million of suspected crime proceeds. SAR officers said they earlier received intelligence, and found some suspicious bank accounts to have handled HK$270 million dollars linked to fraud...

Baanx Acquires Stake in Major US Fintech Bank

LONDON, Sep 6, 2021 - (ACN Newswire via SEAPRWire.com) - Baanx, the fast-growing B2B2C "Better than a Banking Platform" specialising in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking access to communities throughout...

Yincheng International Holding Announces 2021 Interim Results

HONG KONG, Aug 20, 2021 - (ACN Newswire via SEAPRWire.com) - An established property developer in the PRC focusing on developing quality residential properties in the Yangtze River Delta Megalopolis for customers of all ages, Yincheng International Holding Co., Ltd. ("Yincheng International Holding" or the "Company", together with its subsidiaries,...

Two dozen helpers arrested over money laundering

Police said on Wednesday that they had arrested 29 people, including 24 foreign domestic workers, in connection with a suspected HK$27 million money laundering scheme. The force said a syndicate used 35 bank accounts belonging to helpers to launder money obtained via 20 romance scams in the past year. The...

‘Cryptocurrency, downturn fuel money-laundering rise’

Police say there's been a rise in the number of people allowing money launderers to use their bank accounts during the territory's economic downturn. The force's financial intelligence and investigation bureau says it received close to 25,000 reports about suspicious transactions in the first five months of this year, a...

US Bond Yields And Correlation To The Dollar

Jakarta, Indonesia, June 3, 2021 - (ACN Newswire via SEAPRWire.com) - The British Pound Sterling held firm near a three-month high against the US dollar last week, amid rising expectations of an earlier than expected rate hike by the Bank of England, while the US currency looks to inflation data...

Viet Capital Bank to issue JCB Corporate Cards

HO CHI MINH CITY & TOKYO, Apr 22, 2021 - (ACN Newswire via SEAPRWire.com) - Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., a leading international payment brand based in Japan, has announced the launch of...

Viet Capital Bank to issue JCB Corporate Credit Card

HO CHI MINH CITY & TOKYO, Apr 21, 2021 - (JCN Newswire via SEAPRWire.com) - Viet Capital Joint Stock Commercial Bank (Viet Capital Bank), and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., a Japan's only international payment brand, announced the launch of Viet Capital Bank...

China Brilliant Global Limited (8026.HK) may own the world’s first “Supply Chain Digital Bank”. What will the value be?

HONG KONG, Apr 19, 2021 - (ACN Newswire via SEAPRWire.com) - Recently, China Brilliant Global Limited (8026.HK) (CBG) voluntarily announced that its subsidiary Brillink Bank Corporation Limited ("Brillink") was granted by Astana Financial Services Authority (AFSA) in Kazakhstan Astana International Financial Centre (AIFC) for an official full banking licence. According...

Toyota: Investment in e-Mobility Power

Toyota City, Japan, Apr 5, 2021 - (JCN Newswire via SEAPRWire.com) - e-Mobility Power, Inc. (e-Mobility Power), the equity holders of which are Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) and Chubu Electric Power Co., Inc. (Chubu Electric), entered into an absorption-type corporate division agreement with Nippon Charge Service,...