Managers of Wealth Asia Pacific

‘Sins of Omission’ at Heart of Westpac Laundering Breaches

“This saga reveals that major sins were ones of omission and not of commission,” the report commissioned by the bank said.

The HKMA and the banking industry launch the Banking Talent Programme

The Programme targets fresh graduates from local universities who will be offered six-month work opportunities and industry-specific training.

CBIRC Issues Rules for Banks on Handling of Criminal Cases

The measures prescribe that banking and insurance institutions shall undertake primary responsibility for case management.

FASEA approves University of Adelaide Historical Graduate Diploma in Global Wealth Management

FASEA is committed to continuing to assess any further applications received from Higher Education Providers in respect of courses to meet FASEA’s education standard.

Covid-19: Holding the Line - Standstill Agreements and Moratoria

Offshore companies incorporated in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man, Jersey and Mauritius are no more immune to the effects of the pandemic

MAS and CAD Commence Joint Investigation into Officers Responsible for Managing Eagle Hospitality Trust

The investigation stems from a referral by the Singapore Exchange Regulation

Shinhan, Hana team up to participate in Africa syndicated loan

Shinhan was recognized for its overseas project financing experience involving wind energy and telecommunications

HK court convicts and fines for unlicensed activities

Unlicensed dealing in futures contracts and asset management resulted in a court conviction.

HSBC says it supports China's security law for Hong Kong

A Hong Kong-based spokeswoman for the bank declined to comment beyond the contents of the post.

Hong Kong Market Assessment as Geopolitical Risk Intensifies

Hong Kong’s Hang Seng Index underperformed and bucked the global risk-on trend spurred by expectation of economies re-opening.

Dealer groups slam FPA policy

The dealer group leaders said the AFSL system has a crucial role to play in the oversight of financial advice, which cannot be limited to product.

MAS Registered RF Fund Management Secured Inaugural VCC Incorporation Strategic Milestone

Leading by example, RF Fund Management's parent company, RF International Holdings, has supported Singapore's digital startup ecosystem, beyond just money and capital.

Cognizant to pay $5.7 million in class-action suit

The latest settlement agreement by the US court requires Cognizant to pay about half of what was estimated as damages by the plaintiffs.

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.

Legal, Regulation & Compliance