McClatchy did a big feature on the little bank in Macau, Banco Delta Asia. Stanley Au, the bank’s principal stockholder, is adamant about getting his bank back. The US Treasury is resisting, not a surprise, since the bank’s “potential for recidivism� under Au’s leadership was the rather lame justification for not giving Banco Delta Asia... Read More

From Kevin Hall, Bank owner disputes money-laundering allegations, McClatchy Newspapers Washington Bureau, May 17, 2007: The full texts of the petition from Delta Asia Group and Stanley Au’s supporting personal statement to the U.S. Treasury Department requesting that its rule against Banco Delta Asia be rescinded, and an analysis of the key points involved, can... Read More

As sharp-eyed reader David pointed out, the owners of Banco Delta Asia group are petitioning the Treasury Department to rescind its final rule against BDA. In a China Matters exclusive, I’ve obtained and posted the files for Delta Asia Group’s petition and the personal statement of DAG’s largest shareholder, Stanley Au. Au’s petition, in particular,... Read More