Managers of Wealth Asia Pacific

Former UBS China banker given 9 years in prison for insider trade

The documents said that Sang shared information with two associates

Malaysian PM Calls Goldman Sachs’ $241M Compensation Offer For 1MDB Scandal ‘Peanuts’

The Finance Minister Lim Guan Eng had earlier this year that Malaysia is seeking $7.5 billion from the bank.

Notice Regarding Change of Line Securities Preparatory Corporation Trade Name

The company is preparing to launch new securities brokerage solutions that meet the potential need of LINE users for asset-building and other services.

Labuan IBFC partners with Tricor Group to Enhance Outreach in China

The arrangement, while non- exclusive, provides for a focused commitment by both parties to explore the expansive China market.

Super fund amends constitution

The board will grow from eight seats to nine to accommodate the change, signaling the end for two current directors.

Banks to get deposit insurance regime

The government said it is proposing a limit of between $30,000 and $50,000 for the deposit protection regime.

Pagcor orders POGOs to follow govt regulations

Tria also urged POGOs not to hesitate to approach Pagcor should they need clarification.

Japan Post Bank to cap int'l transfers to counter money laundering

The move by the state-backed bank comes as Japan faces an assessment this fall by the Financial Action Task Force, an international standard-setting body that promotes steps to combat money laundering and terrorist financing.

CapBridge, UOB ink deal to provide firms across Asia with access to private capital

Through its investment syndication platform, CapBridge will match UOB's clients with anchor investors and accredited co-investors, catalysing private capital as a source of funding and helping these companies to broaden their investor base further.

BOJ holds fire on policy, but joins Fed in warning of mounting global risks

It is keeping its short-term rate target at -0.1% and will keep buying government bonds, but half the analysts polled are expecting it to ease monetary policy further down the road

Hansard secures Japan licence

General manager appointed in Tokyo

Chinese Banks Face Liquidity Squeeze

This breaks with an implied government guarantee on all lending and has left banks with higher exposures to Baoshang to negotiate a resolution, and has disrupted the willingness of larger institutions to lend to smaller ones, the paper said.

SEC Charges Five Asian Traders for Market Manipulation

The SEC alleges that trades involving these five seemingly unrelated individuals from three different countries accounted for 70% of the volume in MDDT over the period in which they traded.

Malaysia to Loosen Regulatory Reins in Capital Markets

The statement says that ongoing reviews indicate that intermediaries have increased investments into people and systems to improve compliance culture and enhance self-discipline.

New Zealand: Proposal for digital services tax outlined

The key proposition is the introduction of a DST in New Zealand if there is insufficient progress made by the OECD in 2019 to come to a global solution to the problem of taxing the digital economy.

World Bank: China's Belt and Road can speed development, needs transparency

Still, there are “significant risks,” the World Bank said.

Japan's Abe in hot seat after pension report highlights an 'inconvenient truth'

A report this month by advisers to the Financial Services Agency said a model case couple would need $185,000 in addition to their pensions if they lived for 30 years after retiring.

How ‘Singapore-On-Thames’ Ignores A ‘Geneva-On-Johor’ Reality – Analysis

The Brexit movement ignores these facets of Singapore’s experience and focuses on the opacity of its financial system instead, privileging the flaw at the expense of the features.

AIA Singapore provides agents with private banking training

WMI has developed the Certified Private Banker programme

SFC fines Credit Suisse for disclosure failures

The SFC takes the view that CSHK and CSAG have failed to put in place effective systems and controls to ensure compliance with the disclosure requirements and timely detection of the disclosure failures.

Legal, Regulation & Compliance