Managers of Wealth Asia Pacific

HKMA and the BIS sign operational agreement on the BIS Innovation Hub Centre in Hong Kong SAR

The Hub will identify and develop in-depth insights into critical trends in technology affecting central banking

Three cases of unexplained wealth under investigation

He also says if the explanations are not convincing, the money will be confiscated

Dubai Regulators Flagged Standard Chartered

Senior executives, including global private banking head Didier von Daeniken, were scheduled to meet Dubai regulators this month, the sources added.

Why China’s central bank is liberalising its interest-rate system

The one-year rate is too blunt a tool for a modernising economy that’s got a problem with excess debt.

Bangko Sentral’s chatbot, reporting system bag prizes

The central bank won in the Artificial Intelligence Initiative category for developing a prototype chatbot to provide the public with a more accessible and efficient way to engage the regulator on financial consumer concerns.

FCA and Hong Kong SFC – Addendum to MoU on funds recognition

To ensure that the UK-Hong Kong mutual recognition of funds arrangement will continue to operate in a smooth manner after the withdrawal of the UK from the EU

StanChart Couldn’t Tell Regulator How Some Rich Clients Got Rich

Dubai authorities found numerous source-of-wealth breaches

Justice minister's relative grilled for 2nd day over suspicious family fund

The fund invested more than 700 million won in Wealth C&T, a local lamppost switch manufaturer, two months after Cho became the senior presidential secretary for civil affairs in 2017.

Big Short investor targets Standard Chartered and HSBC in bid to cash in on Hong Kong crisis

Eisman, who made his name betting that the US housing market would crash just before the financial crisis of 2008-9, said both were bets on the ‘risks in Hong Kong’ and rising violence in the former British colony.

FCA and Hong Kong SFC – Addendum to MoU on funds recognition

The addendum is made pursuant to Article 11(1) of the MoU and aims to ensure that UK-Hong Kong mutual recognition of funds arrangement will continue to exist after the UK's withdrawal from the EU.

SFC bans ex-Hang Seng RM

Cheung also forged the customer’s signature on the bank’s instruction forms to facilitate the unauthorized transactions.

Lifespan Financial Planning throws weight behind advice industry fighting fund

Lifespan will top up this fighting fund with a total of 50% of the individual contributions made by its 180-strong adviser network.

Hong Kong unveils plans to repair damage inflicted by protests on its image as a financial hub

Other measures will include trying to attract more family offices to set up in the city to manage their wealth, Chan said.

SFC Fines HSBC HK$2.1m for Phone Recording Failures

One of the likely root causes of the incidents was said to be an inadvertent manual error made by a system engineer when performing routine system updates or configuration changes to the telephone recording system.

Singapore: New Platform Targets AML Risks in Trade Finance

Using data derived from permits issued by Singapore Customs, the TFC service allows financial institutions to reference such information to augment their checks for trade finance compliance.

Hong Kong regulator fines HSBC $2.1m for breaching phone recording standards

The SFC considered that HSBC has failed to put in place effective internal control procedures to ensure proper implementation of the telephone recording function and timely detection of any telephone recording failures.

Directors put on notice over climate change related disclosures

The hardwiring of climate change-related disclosure guidance in ASIC's regulatory regime marks a new direction for the corporate regulator, and follows a series of other milestones in the push to include climate change on the global regulatory agenda

UK Golden Visas snapped up by wealthy Hongkongers at unprecedented rate

Despite Brexit, 13 straight weekends of civil unrest in Hong Kong have prompted the region’s high net worth individuals to join their Mainland counterparts in buying their way into UK residency

Ogier named offshore law firm of the year at the Asian Legal Business Awards

This award is an endorsement of the excellent work our team is consistently delivering," said Ogier's Hong Kong practice partner Nicholas Plowman.

Hong Kong, China's measures to combat money laundering and terrorist financing

Hong Kong, China actively prosecutes money laundering from domestic offences.

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