A hierarchical culture makes it easier for companies to cook the books, but will they always be one step ahead of the short sellers? This series looks at how fraud works in Asia
While today's technology makes it possible to process payments instantly, deep-rooted issues such as reconciliation, AML, compliance and FX seriously hamper banks’ abilities to evolve.
Cross-investment in related enterprises, an opaque business model at the mercy of regulators and a netherworld of shadowy financial products, Anbang is a signal lesson in what to avoid in China.