Managers of Wealth Asia Pacific

Korea’s FIU Upgrades AML System to Boost Processing Capacity

The upgraded system utilises machine learning technology to assess and analyse money laundering activities.

APRA targets underperformers with first full refresh of MySuper Product Heatmap

APRA has also released a paper outlining key insights from the updated heatmap and its impact in improving member outcomes.

Queensland director disqualified from managing corporations for five years

Mr Humphries’ disqualification extends until 10 December 2025.

Nicholas Tam takes home top prize in Chartered Institute of Arbitrators Essay Competition

The submission required consideration of how arbitral tribunals could adapt, using technology to conduct hearings remotely, and how such measures could be reconciled against arbitral rules and norms.

Legal directory recognition for Carey Olsen's Singapore and Hong Kong offices

Carey Olsen's Singapore and Hong Kong offices are featured once again in the latest edition of Chambers Asia-Pacific.

Taiwan FSC Cautions New Digital Banks Against Price Wars

The FSC hopes that the digital banks would offer innovative services or products instead of setting unreasonably low prices to attract customers to ensure solid and sustainable development.

Chinese Watchdogs Suspends Top Rating Agency

The two executives also previously worked at Dagong Global Credit Rating which was also suspended from issuing ratings for a year in 2018 after it was spotlighted in a similar scandal where it was found overcharging rated firms for counseling.

HKMA Consults on Implementation of Revised CVA Risk Framework

The HKMA intends to implement the revised CVA risk framework closely aligned with the standards issued by the BCBS.

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

MSCI said it was only removing companies explicitly named in the executive order and not their subsidiaries or affiliated companies.

MAS Announces Further Extension of the US$60 Billion Swap Facility with the US Federal Reserve and the MAS USD Facility

These swap facilities reinforce the improvements in global USD funding conditions and provide certainty to market participants that USD funding will remain available to meet their needs.

SFC licenses first virtual asset trading platform

Regulators in other major markets have also announced plans to regulate virtual asset trading to address concerns about anti-money laundering and consumer protection.

Test Chambers and Partners Asia Pacific Guide

They also facilitate the provision of legal advice in Guernsey, Isle of Man, Mauritius and the Seychelles.

Indonesia begins merger of 3 state-owned Islamic banks

Process to be completed by February, Bank Syariah Indonesia will be country’s largest Islamic bank

SGX Launches New Sustainability Platform, Plans New ESG Products

The addition of third-party ratings builds on mandatory sustainability reporting, which SGX implemented since 2016.

Improving Operational Resilience: A Priority for the Year Ahead

But operational resiliency is not a new concept. In fact, the industry has been keenly focused on ways organisations can prepare for and respond to potentially disruptive events for decades.

Bursa Malaysia, Shenzhen Bourse Cross-Promote Indices

The CNI-Bursa Malaysia 50 Index is a new index jointly developed by Bursa Malaysia and SZSE, representing the first cross-border co-branded index to be displayed on the SZSE.

‘Star’ Chinese banker jailed for life for stealing US$400 million from clients in Ponzi scheme

The court rulings put an end to one of the most high-profile bank frauds in China, which was exposed in April 2017 when Zhang was detained by police over what the bank described as “personal moral deficiencies”.

Regulation Asia Awards for Excellence 2020 – Results Announcement

Regulation Asia’s editorial team was charged with assessing the submissions received to identify those with the most merit in each category.

ASIC seeks further feedback on internal dispute resolution data reporting requirements

This was intended to enhance transparency about IDR activity and performance across the finance sector.

Entry into force of the amendment protocol to DTA with New Zealand

The protocol implements the minimum standards for double taxation agreements (DTA).

Legal, Regulation & Compliance