Managers of Wealth Asia Pacific

Philippines launches probe into Wirecard’s phantom billions

The Munich prosecutor’s office declined to comment, as did the court that would need to approve any arrest warrant.

CBDCs Could Amount to ‘Sea Change’ for Payments: BIS

Central banks, as guardians of the safety and integrity of the payment system, must keep evolving to meet the challenge of rapidly accelerating digital innovation, the BIS says.

WongPartnership’s lawyers listed in "Top 100 Women in Litigation" by Benchmark Litigation Asia-Pacific 2020

We are happy that our partners have received these awards which are testament to their dedication and professional excellence.

JPMorgan gets China's nod for first fully foreign-owned futures business

The China Securities Regulatory Commission (CSRC) said in a statement posted on its website the approval would bring in more qualified foreign players.

Former Wirecard chief arrested over missing €1.9bn

Chief operating officer, Jan Marsalek was sacked hours later after the management board’s statement, as he was suspended from the board last week.

Appleby Asia Group Head is REcognized in the IFLR1000 Women Leaders List 2020

Women Leaders recognises the leading female transactional lawyers in the world.

Hong Kong regulator fines Guotai Junan unit $3.25 million

The SFC investigation found that, between March 2014 and March 2015, Guotai Junan failed to take reasonable measures to ensure that proper safeguards were put in place to mitigate the risks of money laundering and terrorist financing in processing 15,584

TMF Group Provide Fund Services to US$4.5bn CVC Capital Partners fifth Asia Pacific Fund

We are very pleased to have been able to support them with the closing of their latest Asia Pacific fund and to continue our long-standing partnership into the future,” states James Coughlan, Head of Fund Services, Jersey.

Walkers Hong Kong Advises Garuda Indonesia

The Walkers team was led by Hong Kong partner Nicholas Davies and assisted by associates Sonya Saxena and Anni Dai.

Super funds face fresh data requirements

The regulator said the PDC would give APRA oversight into member switching, investment options, foreign currency exposure and hedging, to better understand the impact of COVID-19 on the industry.

Swedish pension fund blacklists Korean firm for alleged human rights abuses in Peru

AP7 said the move is in line with its intention to invest in companies “that in an acceptable way adhere to the international norms and conventions signed by Sweden,” following principles by the UN Global Compact and Paris Agreement to the UN

2 million Aussies at risk of $12k fine

Now, the Australian Tax Office (ATO) is warning it’s closely monitoring those who do choose to withdraw the cash but who aren’t eligible.

Standard Chartered and HKTDC Launch "Standard Chartered GBA Business Confidence Index"

The index includes five sub-indices which give indications on the business confidence for each industry, including manufacturing & trading, retail & wholesale, financial services, professional services and innovation & technology.

ASIC sues CBA, CFS over RC case

ASIC alleges that more than $22 million in conflicted remuneration was paid by CFSIL to CBA for the distribution of Essential Super, a superannuation product issued by CFSIL.

Third Time Lucky? Hong Kong Court of Final Appeal Clarifies Mental Element for Money Laundering – Again

The circumstances of the offence involved fraudsters hacking into emails between a buyer and a seller of fertiliser.

Investment house Optimus under spotlight for alleged fraud

Optimus raised the fund via 54 feeder funds that are meant to target trade receivables of companies dedicated to state-led construction projects.

Hong Kong Instability Fuels Hiring in Singapore

Julius Baer has been growing our Greater China franchise in Singapore over the past five years, said David Shick, head of private banking for Greater China at Julius Baer without providing any hiring details.

NAB, Deloitte struggle with Hayne advice compensation

NAB's $2.35 billion wealth remediation program has run into trouble after Deloitte set up a separate low-cost delivery arm staffed by inexperienced graduates banned from saying they work for the big four firm.

Do as we say! China orders UK firms to obey or else they'll 'pay price and be hit hard'

BRITISH firms have been sent a powerful warning by Chinese state media with one firm told they face a "life or death test", in a stinging attack, as they respond to the new security law in Hong Kong.

Reactions to details of Hong Kong's new national security law

Investors will bide their time before deciding on moving their capital out.

Legal, Regulation & Compliance