Managers of Wealth Asia Pacific

Ex-Commonwealth Bank Manager Stole Money to Gamble, Jailed for Fraud

Made large cash withdrawals to gamble; claimed purchase refunds to personal bank account

No extension to FASEA deadline

Asked by Financial Standard whether a deadline extension is still on the cards, Senator Hume said: "I think we can say that we have heard the concerns and some of my concerns around the deadlines are really more about accessibility."

Australia's watchdog bans financial adviser

ASIC said that, when providing personal advice, Goudie did not adequately identify his clients' objectives, financial situation and needs or investigate whether the financial products he was recommending would meet their needs.

Fake-branded bars slip dirty gold into world markets

Fake gold bars - blocks of cheaper metal plated with gold - are relatively common in the gold industry and often easy to detect.

SFC: Some Fund Managers Have Inadequate Liquidity Risk Management

The SFC reminds fund managers to implement robust risk management systems and establish well-documented liquidity risk management policies and procedures for the funds they manage.

HKMA Liquidity Facilities Framework for Banks

The updated Liquidity Facilities Framework makes operational an important part of the resolution regime in Hong Kong and takes forward a key recommendation of the Financial Stability Board’s 2018 Peer Review of Hong Kong.

Banks told to tighten security after payments data breach

The attack is the second breach of the PayID system since June and has experts asking why extra protections were not in place to prevent it from happening again.

Consumers see value in financial advice, but lack of trust remains an issue

The move is part of a broader set of reforms aimed at increasing transparency in financial services, which includes Parliament giving ASIC power to collect and publish internal dispute resolution data at the firm level.

What the renminbi breaking 7 means for China’s economy, credit markets

The depreciation of the renminbi will have an impact, but strong Chinese corporates should be well positioned to withstand further falls

US government pension fund urged to reverse China investment

Senators say FRTIB is supporting Beijing’s military, espionage and security efforts

ASIC sues NAB for unlicensed home loan introducers

n one of the first pieces of litigation as a result of the Royal Commission, the Australian Securities and Investment Commission (ASIC) has sued the National Australia Bank (NAB) for dealing with unlicensed home loan introducers.

Taiwan's efforts to fight money laundering hailed by regional organization

Annual meeting of Asia-Pacific Group on Money Laundering held in Australia last week 865 google_plus_share

Hong Kong Judge Orders Confiscation of Former UBS Exec's Bribes

Although Tu did not make a remark of “20 per cent” on the trade summaries, the client understood that he had to pay about $850,000 to Tu.

Global businesses stick to caution in Hong Kong

They find there is a heavy price to be paid in access to the mainland if they don’t

Carey Olsen among finalists at ALB's Hong Kong Law Awards

Winners of the Macallan Asian Legal Business Hong Kong Law Awards 2019 will be announced at a ceremony at JW Marriott Hotel Hong Kong on Friday 6 September.

DC Circuit Court Requires Subpoenaed Chinese Banks to Produce Documents in Money Laundering Case

The banks requested that the US government submit a formal request for the records to the Chinese government through the Mutual Legal Assistance Agreement.

Malaysia has to loosen rules to grow Islamic investments abroad, fund managers say

The flows must be both ways. For as much as we can attract the money to come here, we should also allow the funds here to go abroad to seek better returns," Mr. Taufiq says in an interview with Asia Asset Management

ASIC wealth management investigations soar by 216%

Crennan, who is also the sponsoring commissioner for ASIC’s Office for Enforcement, said he hoped the use of regtech would lead to a fall in the number of ASIC enforcement actions

World Bank issues second tranche of blockchain bond

The subsequent issuance builds on the success of the platform taking the total capital raised to A$160 million and further enables capital markets to leverage distributed ledger technologies for faster, more efficient, and more secure transactions.

The ridiculous new laws that could see Australians JAILED for paying cash sums of more than $10,000 - as fears mount of a 'destructive' recession

Since the Federal Government first announced the proposed law during the 2018-19 budget, critics have openly slammed the idea.

Legal, Regulation & Compliance