Banks in Mumbai are facing challenges with identifying ultimate beneficial owners (UBOs) of foreign investments due to varying disclosure rules across countries. This issue has been discussed among senior bankers, who believe India’s anti-money laundering laws should adapt to different international standards to ensure compliance and transparency.
Japan’s Nikkei plunges 4% on stronger yen after Ishiba win
Japan’s Nikkei share average fell over 4% due to a stronger yen after Shigeru Ishiba, perceived as a monetary policy hawk, won the prime ministerial