Managers of Wealth Asia Pacific

MAS named central bank of the year

London-based journal cites its fintech efforts, and consistency in monetary policy and supervision

HKMA’s Regulatory Expectations of Remote Customer On-boarding

The HKMA has noted that some authorised institutions have started to on-board individual customers remotely through electronic channels and others are exploring such options, the circular says.

AMP punishes past executives, defends vertical integration

“The proposed regulatory changes will require serious and determined effort to implement but, with the support of industry, should deliver better outcomes for customers,” Murray said.

SFC seeks to halt "rolling bad apples" in their tracks with licensing reforms

New licensing forms will be introduced on 11 February 2019.

Australia vows to clean up financial sector after landmark misconduct inquiry

Royal Commission reveals fees charged to accounts of dead people and cash bribes

Hong Kong's Securities And Futures Commission Revokes W. Falcon Asset Management (Asia) Limited’s Licence

Falcon window-dressed its month-end liquid capital by including in its liquid capital computation the amount of certain cheques, which were subsequently dishonoured.

Australian Prudential Regulation Authority Responds To Royal Commission Final Report

APRA has acknowledged the importance of this, and will continue to build expertise and capacity devoted to these issues.

PBOC Sets Up New Bureau to Oversee Financial Regulation

The new macro-prudential management bureau has been tasked with constructing a coordination mechanism among development plans, fiscal policy and financial policy; promoting economic monitoring; and improving policy research, the commission said in a state

Malaysia regulator unveils rules for digital asset platform operators

SC Chairman Syed Zaid Albar says the framework is part of the regulator’s efforts “to promote innovation while ensuring investor protection in the trading of digital assets".

Australian regulator vows to tackle ‘cosy oligopoly’ of big banks

More competition and sense of ‘threat’ seen as best way to compel better conduct

Goldman Sachs may yank top executives’ bonuses over 1MDB scandal

Case has left the storied US banking giant with a black eye

Manila bank hits back at Bangladesh over suit

Bangladesh Bank said it has sought the assistance of the US Federal Reserve in New York in filing the lawsuit.

Positive Developments Contained In China's New Draft Foreign Investment Law

This alert highlights some of the positive developments contained in the Draft Law.

D-Day for Australian Banks as Bombshell Inquiry Report Set for Release

The Royal Commission was a quasi-judicial independent body led by a former high court judge that was tasked by the government

Ex-Georgian PM's suit to have case heard in Singapore court dismissed

The Geneva branch was the centre of management for the portfolio.

Asian wealth manager Portcullis Group strengthens cyber defences with CyGlass

CyGlass provides affordable SaaS solution for network anomaly detection.

Bangladesh to sue Philippine bank over $81m cyber heist

The bank has rejected the allegations and in 2017 accused Bangladesh's central bank of a ‘massive cover-up’.

Malaysia SC Fines Deloitte for 1MDB-Linked Auditing Breaches

Charges have since been levied against Najib, 1MDB officials, Goldman Sachs and other connected parties.

Hua Nan prioritizes legal compliance

Overseas CCOs also shared their practical experiences in complying with AML regulations.

Recognition for Mourant in Asia

Awards announced by the prestigious China Business Law Journal, set the scene for further ambitious growth.

Legal, Regulation & Compliance