Managers of Wealth Asia Pacific

ASIC cancels AFS licence of CPG Research & Advisory for ceasing business operations and unpaid industry funding levies

CPS has the right to appeal to the Administrative Review Tribunal for a review of ASIC's decision.

Singapore Strengthens Position as Third Largest Global FX Centre

Singapore strengthened its position as the third largest FX centre in the world, after the UK and the US, with its share of global FX volumes rising to 11.8% in April 2025, from 9.5% in April 2022.

MAS and Industry Partners Publish Technical Report on Proof-of-Concept Sandbox for Quantum-Safe Communications within the Financial Sector

The sandbox also provided insights into the benefits and limitations of QKD solutions

MAS and CSRC hold 9th Roundtable to Strengthen Market Connectivity

By learning from each other’s experiences, we are better placed to anticipate and manage risks, and support high-quality growth in our capital markets.

David Paul Hodgson disqualified for unlicensed financial services and misleading statements

ASIC Deputy Chair Sarah Court said, ‘This type of misconduct undermines trust and confidence in Australia’s financial services.

FNZ class action lawsuit loses only institutional backer

At the heart of the dispute are changes to FNZ’s constitution and a series of board decisions said to favour institutional and private equity stakeholders.

Statement on Deputy Chair Margaret Cole

APRA Chair John Lonsdale said Ms Cole had made an outstanding contribution to APRA since she joined in 2021.

MAS fines Singlife for supervision failings, acts against ex-CEO

The Singapore regulator fined Singlife Financial Advisers for an array of failings, including training staff to missell products, and issued a prohibition order against its ex-CEO and two others.

Joint press release by SPF, MAS, IMDA and GovTech on restricting access to facilities for scam mules

The scams situation continues to be of serious concern.

Hong Kong eases info-sharing in banks’ anti-fraud push

The changes let banks share more information without fear of liability.

SFC welcomes Chief Executive’s initiatives to reinforce Hong Kong as top financial centre

Plans to bring renminbi counters and real estate investment trusts into Stock Connect are also set to deepen the city’s connectivity with Mainland markets.

Singapore couple sues ex-Julius Baer RM for share sale losses

Fiona Lee and her husband sue their former relationship manager for negligence in monitoring investments, alleging missed trading opportunities caused losses.

FSTB and InvestHK jointly attract over 200 family offices to Hong Kong and achieve early completion of KPI

Subsequently, the FSTB published in March 2023 a policy statement to demonstrate the Government's commitment to enhancing the ecosystem for family offices and asset owners.

Harneys wins Offshore Firm of the Year at the 2025 ALB Hong Kong Law Awards

The Asia team has also picked up many deals of the year and practice-specific awards.

HKMC and CICC Sign MoU on Co-operation of Infrastructure Financing and Securitisation

A partnership with CICC is expected to assist in taking our business to the next level, enabling both sides to further pursue a common goal in promoting Hong Kong as an infrastructure financing hub.”

ASIC proposes to remake relief instrument for non-cash payment facility exemptions

ASIC has assessed that this instrument is operating effectively and efficiently and continues to form a necessary and useful part of the legislative framework.

APRA releases quarterly authorised deposit-taking institution statistics for June 2025

The Quarterly ADI Performance publication contains information on ADIs’ financial performance, financial position, capital adequacy, asset quality, liquidity and key financial performance ratios.

APRA monitors Eric Insurance’s exit from the general insurance market

APRA is closely monitoring Eric’s withdrawal from the insurance industry to achieve the most favourable outcome for policyholders.

James Mawhinney handed 15-year injunctions in ASIC proceedings

This is the culmination of a matter that has taken many years and considerable resources.

Scam alert related to banks

Anyone who has provided his or her personal information

Legal, Regulation & Compliance