Managers of Wealth Asia Pacific

‘It’s a budget of the rich, by the rich, for the rich’

Tax evaders who are an economic menace to the society

S. Korean Regulator Fines Four Global Banks for Rigging FX Derivatives

The fines follow a local investigation by Korean authorities into the alleged illegal sharing of information between the four banks, and their collusion in price bids to win FX derivatives contracts from five Korean firms.

Southeast Asian central banks, multilateral groups ‘reassess’ crisis models

An “informal” regional network was also created yesterday, led by Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus and Bank Indonesia Governor Perry Warjiyo.

TD Bank takes down ads targeting South Asians after complaint about the word 'desi'

'62% of desi Canadians don't know how much to save for retirement,' one ad says

Bank Danamon, Bank BNP propose merger

Bank Danamon acts as a receiver bank in the merger.

Vivek Doval's Cayman Islands controversy widens with defamation complaints

The magazine claimed that Vivek Doval was running a hedge fund in the Cayman Islands.

Web of factors hamper Nepal's probe into offshore investment, money laundering | #AsiaNewsNetwork

Businessmen exploiting legal loopholes while channelising illicit cash into the country

Volt Bank first neo-bank to get full banking licence

Until now, Volt, like other "neo-banks," had been limited by the fact it only held a "restricted" licence.

KPMG opens law firm in Hong Kong and plans Shanghai launch

Fu, who specialises on corporate and commercial transactions in China, joined from offshore firm Harneys where she worked as a counsel.

FBR fails to recover Rs170bn in fraud cases

An FBR official, while speaking to Dawn, said the directorate is scheduled to brief Finance Minister Asad Umar on the status of the cases next week.

World Bank arm IFC sees US$20 trillion worth of green investment opportunities in India, Asia-Pacific

IFC’s climate related investments accounted for 36 per cent out of the US$23.3 billion invested in 74 countries in fiscal 2018 – an all-time high

Westpac backed Reinventure sued by former partner Kara Frederick

When Ms Frederick, a former Goldman Sachs banker, first joined Reinventure as general partner in March 2017, her appointment was welcomed by co-founders Danny Gilligan and Simon Cant in a press release.

ASIC insiders fear legal warfare with banks could backfire

While ASIC has publicly embraced more litigation against the banks, sources close to the corporate regulator say its leadership is concerned royal commissioner Kenneth Hayne will push it too far towards litigation.

Ogier in Cayman acts on emerging Chinese real estate company's IPO on Nasdaq

MDJM Ltd is an emerging, integrated real estate services company in China incorporated as a Cayman Islands company.

4 foreign banks fined 693 mln won for price-fixing of FX derivative

The banks' actions were meant to eliminate competition among themselves and raise the prices of foreign exchange derivatives.

Court winds up SMSF firm over misuse of funds

It also restrained its director, Graeme Walter Miller, from providing financial services for 25 years. Mr Miller has also been disqualified from managing corporations for three years

Ogier's "responsive, commercial and helpful" Hong Kong team praised in Legal 500

The two partners are among six Ogier lawyers singled out for praise by clients in the independent directory.

ASIC imposes additional licence conditions on HNW Planning

The imposition of additional licence conditions on HNW is part of ASIC’s ongoing efforts to improve standards across the financial services industry.

IFLR Asia-Pacific Awards 2019: shortlist revealed

The national law firms of the year and pro bono firm of the year will be announced on the night.

19 Malayalis accused in Rs 1,200 cr UAE bank loan fraud

Investigations have been initiated in Kerala against 46 companies that were based in UAE. It is learned that around 100 companies including those owned by Malayalis are involved in the swindling. If the other companies are taken into account, the total am

Legal, Regulation & Compliance