Managers of Wealth Asia Pacific

Q3 2019 Cryptocurrency Anti-Money Laundering Report

It will no doubt have implications as regulators seek to have KYC information shared globally.

ADB, ACAMS partnering to boost anti-money-laundering and KYC capacities

The partnership with ACAMS demonstrates ADB’s broader capacity building objective of providing banking institutions with more knowledge to support small and medium-sized enterprises towards economic growth and job creation. Read more: ADB, ACAMS

1MDB: Court Rejects BSI Private Bank Sanction

The Swiss banking regulator’s handling of the 1MDB case had come under the scrutiny of the courts after BSI complained about the sanction in 2016.

Crony capital: How Duterte embraced the oligarchs

President Rodrigo Duterte promised to destroy the Philippines' elite. Instead, he chose his own

ASIC takes action against former AMP adviser

The corporate regulator alleges investors were pushed to roll their superannuation savings into new self-managed super funds, before investing in the scheme through a loan.

Three foreign firms approved for onshore funds

Among them, Nomura AM has had its first onshore fund authorised by the Asset Management Association of China (Amac).

Watchdog recommends highest level of compensation over derivative misselling fiasco

"For the first time, the arbitration took into account the social controversy caused by the bank headquarters' excessive pursuit of profit and serious lack of internal control," Kim said.

ASIC Bans Cold Call Selling of Life Insurance, CCI Products

The ban is consistent with recommendations made by the Financial Services Royal Commission and provides protections to consumers that complement broader legislative reform by the Government.

Hong Kong SFC Waives Licensing Amid 'Challenging Market Environment'

The decision is made to relieve the regulatory cost burden on the securities and futures industry

JPMAM, China Merchants Bank sign strategic partnership

A CMB spokesman couldn’t immediately be reached for further details.

Jakarta aims to streamline laws to lure foreign investment

Shoemakers also blame the labour laws for deterring new investment as they require companies to give laid-off workers up to nine months' pay.

Culture of impunity: how Australia dropped the ball on policing the banks

The Westpac scandal highlights the problems Australian institutions have with detecting and reporting dodgy transactions

Wenzhou Decision - The First Personal Bankruptcy Case in China?

The 2006 Enterprise Bankruptcy Law only applies to legal persons and unincorporated organisations.

Uniting on the cyber frontier

Regulators must collaborate to match attackers' speed

Lombard Odier: Partnership in China?

The wealth manager has established offices in Hong Kong, Singapore, and Tokyo, but in recent years it has entered into various joint ventures with local banks to establish a presence in Thailand, the Philippines, and Indonesia.

Malaysia’s Ex-Leader Najib Begins Defense In Graft Trial

The high court judge last month said Najib wielded “overarching authority and power” and took actions for personal gains.

Former NAB, Infocus advisers banned

ASIC found that Chapman "failed to gather relevant client information when providing personal financial product advice, including assessments of products that might achieve clients' objectives and needs."

Cambodia and Germany sign two cooperative financing agreements

The first 30 million euros concessional loan, which the German side calls the “Reduced Interest Loan,” will be granted through the German Development Bank.

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

Legal, Regulation & Compliance