Managers of Wealth Asia Pacific

Greenwashing: A view from the regulator

Keynote speech by ASIC Chair Joe Longo at the RIAA Conference Australia, 2 May 2024.

MAS Will Not Extend Six-Month Pause on DBS Bank’s Non-Essential Activities

MAS will closely monitor DBS Bank’s progress on the remaining deliverables and the effectiveness of the measures implemented.

Website and Internet Banking Login Screen Alert – Fraudulent website and internet banking login screen related to Fubon Bank (Hong Kong) Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

ASIC protects small business by disqualifying four directors for failures relating to the management of small proprietary companies

Some of the directors had also engaged in illegal phoenix activity

China's central bank adds liquidity via reverse repos

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Singapore Sentences Fourth Man in Laundering Case

Police initially seized about S$100 million ($73 million) worth of assets including cash, properties, jewelry, luxury items and alcohol from Su, his wife and his companies after the August 2023 raid.

Quilter and Canaccord hit by stricken AIM stock which tried to sue Tesla

Shares in Australian capacitor company Cap-XX have fallen 99% over three years due to a litany of issues.

ASIC and APRA release notes on latest Superannuation CEO Roundtable

They were attended by 20 superannuation trustee Chief Executive Officers and other executives, representing a broad cross-section of the industry.

Withers KhattarWong secures victory for Huttons in landmark misrepresentation case

The plaintiff claimed for the forfeited sum from Huttons

APRA publishes new and updated FAQs on Superannuation Data Transformation

Superannuation Data Transformation

Macquarie notes conclusion of ASIC Federal Court proceedings

Following his failure to compensate the clients for their losses, Macquarie took the decision to fully reimburse the 13 clients.

MAS issues Prohibition Orders against Mr Gng Hoon Hong for Dishonest Conduct

The POs were issued following Mr Gng’s conviction in the State Courts for criminal breach of trust offences.

APRA and ASIC publish latest data on life insurance claims and disputes - December 2023

ASIC’s MoneySmart Life insurance claims comparison tool has been updated with the latest data.

Maples Group Recognised as Offshore Firm of the Year Including Six Standout Asia Deals of the Year

We are pleased to be named as "Offshore Law Firm of the Year"

Macquarie Bank to pay $10 million for failure to properly monitor system for third-party fee withdrawals from customer accounts

ASIC expects financial institutions to prioritise and invest in systems that protect their customers.

Legal, Regulation & Compliance