Managers of Wealth Asia Pacific

ASIC took 3 years to charge rogue Deutsche Bank trader

He appeared in the NSW District Court last week for his sentencing hearing.

How an investment planner siphoned $4.7 million under his clients’ noses

Miller's record keeping was so poor that ASIC investigators still don't know how many clients he took money from, however at this stage they estimate between 40 and 50.

Another Japanese bank is leaking fixed income professionals

None of the three men responded to an enquiry about their disappearance.

Jakarta and Berne agree to trace illicit funds in Swiss banks

The two sides sign deal to regulate legal assistance to track down, freeze, seize and take assets resulting from criminal activities, tax fraud included, even retroactively.

Loans just got cheaper in India as RBI cuts repo rate

Landmark move may drive increased lending within the economy

Treasury initiates review post RC

The desirability of predictable and stable funding for the legal assistance sector and financial counselling services is clear and how this may best be delivered is worthy of careful consideration," he wrote.

MAS Consults on Revisions to Banking Act

For credit card or charge card licensees, MAS proposes enhance its ability to ensure the fitness and properness of controllers, directors and prescribed executive officers by requiring licensees to obtain MAS approval for such appointments.

MAS Proposes New Requirements for Banks’ Outsourced Functions

This new consultation paper seeks feedback on proposed revisions to the regime governing the outsourcing arrangements of banks and merchant banks, including amendments to the Banking Act.

China Post Global receives RQFII quota

China Post Global has been active in London, where it launched several exchange-traded funds.

Britannia Granted License to Underwrite Business in Singapore

The Singapore branch will be managed by Tindall Riley Singapore and is headed by John O’Flaherty, Chief Executive, who has had many years of experience in marine insurance and shipping.

Philippines brings in new rules on crypto assets

Under the rules, all DATOs must have proper offering documents with pertinent details on the issuer, project, and accompanying advice and certification of experts and DA agents.

Vietnam to Rank Domestic, Foreign Financial Institutions

According to a local media report, credit institutions and foreign bank branches will be classified in five groups

Under new agreement, Indonesia can track ill-gotten wealth in Switzerland

Under the MLA, it opens up the possibility [for Indonesia] to seek help in tracking wealth, determining the amount and repatriating it to Indonesia.

Govt to hunt tax evading Pakistanis in Russia, Turkey

One of the important decisions was to immediately establish contacts with Russian and Turkish tax authorities to get information about Pakistanis who have assets in these two foreign jurisdictions.

Offshore Havens, Secrecy and Due Process of Law- I

Rest of the citizens figured in the list could only ‘quake in their boots’ momentarily upon receiving innocuous sounding notices from the Federal Board of Revenue.

Australia Solicits Comments on Regulatory Framework for ICOs

The paper is seeking views from interested parties on the opportunities and risks posed by ICOs for Australia, and whether the regulatory framework is well placed to allow those opportunities to be harnessed whilst appropriately managing the associated ri

Legal, Regulation & Compliance