Regulators in Europe and Asia are believed to be investigating Standard Chartered, one of Hong Kong’s three currency issuing institutions, over the role staff may have played in transferring US$1.4 billion of private bank client assets from the island of Guernsey to Singapore, before new tax transparency rules were introduced. Photo: SCMP

StanChart said to be investigated over US$1.4bn Indonesian cash transfers from Guernsey to Singapore

Over 100 jurisdictions indicated they will sign up to a global framework for the exchange of tax data (CRS) at the start of 2016, but these won’t take effect in Singapore and Hong Kong until 2018

Topic |   Standard Chartered Bank

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Regulators in Europe and Asia are believed to be investigating Standard Chartered, one of Hong Kong’s three currency issuing institutions, over the role staff may have played in transferring US$1.4 billion of private bank client assets from the island of Guernsey to Singapore, before new tax transparency rules were introduced. Photo: SCMP
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