Managers of Wealth Asia Pacific

BNP Paribas Chinese Unit Fined for Anti-Money Laundering Violations

The penalties were part of the PBOC’s efforts to ramp up punishment of financial institutions that fail to adequately guard against money laundering.

Taiwan regulator issues guidelines for Prudential unit bidders

The rules, which Taiwan will adopt in 2025, require local insurers to calculate contract liabilities at their present value in order to make it easier to assess their financial performance.

Hong Kong Government Reassures Financial Freedoms

As long as foreign investors are not engaged in activities relevant to national security matters, they have nothing to worry about.

Thailand’s Islamic bank doubles branches; Cambodia gets takaful option

This policy is part of a rehabilitation plan for IBank which is one of Thailand’s state enterprises that ran into troubles after accruing high non-performing loans and net losses in the past years.

ICAC Charges SME Director & Clerk for Defrauding HK Banks

Subsequent ICAC enquiries revealed the above alleged offences, which took place between February 2011 and June 2014.

Court of Appeal finds that the court's exclusive jurisdiction can trump an arbitrator's ability to determine a just and equitable winding up

In an important decision, Re China CVS (Cayman Islands) Holding Corporation (China CVS), the Cayman Islands Court of Appeal (the CICA) has provided welcome clarification on the tension between the exclusive jurisdiction of the court to determine whether i

ICICI Bank extends moratorium on credit card dues: Here's how it will work

Here is everything you need to know about ICICI Bank's extended moratorium on EMIs, according to its website.

Allianz Real Estate buys Japan residential assets for 110 million euros

The company is currently merging with parent Allianz Group’s bond management arm Pacific Investment Management Company, or Pimco, to become a 100 billion euro property unit.

In Hong Kong, China Threatens Businesses and Workers

Beijing is using fear and pressure to drum up support for its increasingly hard-line stance in the Asian financial capital, threatening its status as a global business center.

Japan's GPIF partners with Dutch bank for green bond investment

GPIF has formed partnerships for sustainability and green bond investments with 14 multilateral development banks and financial institutions.

Australia regulator says coronavirus crisis may force superannuation fund mergers

Australian superannuation fund assets fell 7.77% to A$2.73 trillion (US$1.8 trillion) as of end-March 2020 from A$2.96 trillion at the end of 2019.

How Australia can improve its global fintech position

The most encouraging and crucial research findings are that Australia can substantially improve its fintech positioning in the world

ASIC contradicts key claims by embattled ME Bank

The Age and The Sydney Morning Herald last month revealed ME Bank had restricted withdrawals from mortgage redraw accounts at the height of the coronavirus pandemic without warning customers.

UK to extend Visa rights for Hong Kong’ers

Bonnie Glaser, Director, China power project at the Centre for Strategic and International Studies, said: “Ultimately we could see capital flight. We could see US businesses moving out of Hong Kong, expats leaving, and the end to Hong Kong as an int

Curbing money laundering

SCB agreed to settle OFAC’s claim for $132m regarding 911 transactions worth around $133m to or through the United States in violation of Iranian Transactions and Sanctions Regulations (ITSR).

RBI slaps ₹4 crore fine on Citibank

RBI said the statutory inspection of the Indian operations of the bank for its financial positions as on March 31, 2017 and March 31, 2018 and the Risk Assessment Reports (RARs) revealed contravention with the provisions of the Act and non-compliance with

Legal, Regulation & Compliance