Managers of Wealth Asia Pacific

New arbitration law to come into force in Macau

Arbitration expert Mohammed Talib of Pinsent Masons, the law firm behind Out-Law, described the new law as important to the development of Macau

Germany enacts new laws to protect its companies from China

It has not yet been revealed that the government committee will take steps to save which companies.

Indian Government is Willing to Support Blockchain with a National Framework

Particularly, some members of parliament including Parvesh Singh Verma asked whether the Indian administration had fortified and carried out study into the prospective use cases and applications of blockchain and DLTs, and if at all they did, what were th

Households and firms 'resilient' but MAS urges caution amid global uncertainties

The regulator also noted that Singapore's banking system is healthy with strong capital

AIIB and Clifford Capital create $2bn Asia infrastructure debt platform

China-backed AIIB and Clifford Capital, which was established with support from the Government of Singapore, will take a 30% and 70% equity stake in the newly created BIM platform respectively.

AFSLs show widespread non-compliance: ASIC

ASIC said 1496 FDSs and 373 RNs were collected and analysed along with fee disclosure policies and procedures. Of those, 176 of the FDSs were passed on to a compliance consultant to review.

Taiwan regulator allows banks and insurers to invest in Islamic bonds

The regulator did not set a cap for insurance companies

US FATCA crackdown pushing demand for tax advice

The FATCA international tax code was designed to stop Americans stashing money abroad to evade tax.

APRA responds to industry concerns

"Some industry participants thought that this interpretation would limit scrutiny on the performance of choice products," APRA said.

FSC hails super choice amendments

It's unacceptable that even today, when there is so much pressure on super funds to modernise and be more efficien

Mizuho penalized for not reporting $77m in Caymans profits

Japanese megabank says it didn't skirt taxes in 2008 effort to raise capital

Vietnam Banks to Include ESG Factors in Credit Risk Analysis

In line with this, financial institutions will also be required to establish a dedicated ESG analysis unit by 2025.

Effective use of Automatic Exchange of information – a role for Tax Inspectors Without Borders

The TIWB initiative is set to launch a number of pilot programmes in support of developing countries' efforts to ensure the effective use of AEOI data.

International community has achieved unprecedented success fighting offshore tax evasion

At the heart of this shift are thousands of bilateral exchange relationships now in place

As Hong Kong suffers, China risks losing its financial window on the world

The territory’s recession is getting deeper and the US is threatening its special trading status, bringing serious consequences for Beijing

Malaysia Gets Abu Dhabi's IPIC Into Court Over 1MDB

The result of this judgement is that the full circumstances and background of 1MDB’s dodgy dealings with IPIC will now be fully examined in open court in London

JAPAN: Govt to give up plan on income limit for elderly workers’ pension cut

At present, elderly workers aged 65 or older are subject to reductions or suspensions of kosei nenkin public pensions for corporate workers if their wages and pensions exceed ¥470,000 per month.

HKMA Warns FIs Against Churning Investment Funds for Clients

Some sales staff have solicited and recommended customers into “highly frequent trading” of investment funds, leading to high commissions and/or fees and charges, adversely impacting investor returns, the HKMA said.

Finance office holds extensive talks with investors in Malaysia, Singapore

During the talks, opportunities for financial cooperation between Turkey and Malaysia, representatives to be opened mutually

Luigi Wewege Outlines the Current Three Best International Banking Jurisdictions and Why

The only way to know which jurisdiction is best for you is to look closely at what each one has to offer.

Legal, Regulation & Compliance