Managers of Wealth Asia Pacific

Indonesia extradites Vinay Mittal; wanted in Rs 40-cr bank fraud case

The agency had filed seven charge sheets before designated courts in Delhi and Ghaziabad against Mittal after which he purportedly escaped from the country.

Banks hit a dubious $2.4b milestone in refunds and repayments

This is merely the first instalment in a series of payments the banks will need to make to restore their social licence to operate.

Notice Regarding Settlement with U.S. Department of Justice

The U.S. Subsidiaries do not admit any facts, liability or wrongdoing in connection with the settlement and they dispute the allegations made by the DOJ.

‘New Southern Policy’ encourages financial companies to look to Southeast Asia

One of the champions in Southeast Asian market expansion is KB Financial Group, steered by its flagship KB Kookmin Bank.

Singapore and Indonesia regulators ink fintech pact

Southeast Asian regulators have been actively forging partnerships to grow their fintech industries as they believe technology and innovation will change the business models of financial services providers in the medium to long-term.

Aussie asset manager sued by US regulator

In forms filed by Goldsky in 2016 and 2017, the firm claimed its Delaware-based hedge fund - Goldsky Global Alpha Fund - had an auditor, a prime broker and custodian, and an administrator.

Appleby advises Shandong Gold Mining Co. on HKD 5.2 billion listing

The company is among one of the largest gold producers listed in China and Hong Kong, with a 6.9% market share in China in 2017.

Super funds excel in reporting obligation

Given the overall good quality of this year's results, the ATO said there was no need for audits or a large program of compliance casework.

Global Forum publishes compliance ratings on tax transparency for further seven jurisdictions

These reports assess jurisdictions against the updated standard which incorporates beneficial ownership information of all relevant legal entities and arrangements, in line with the definition used by the Financial Action Task Force Recommendations.

Advice firm IFS to exit Singapore following Meyado deal

International Financial Services hands over clients as part of exit strategy

Hong Kong Securities Regulator Looks at Official Crypto Exchange Rules

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), is considering drawing up new regulations for local crypto exchanges in a bid to safeguard investors from risks in the space.

ASEAN regulators unveil bond standards, mobility framework for advisers

The launch of the social bond standards and the ASEAN sustainability bond standards comes 11 months after the introduction of the ASEAN green bond standards.

EU’s rival infrastructure fund could lead to better deals for Asia but China's belt and road still leads the way

The European Union is set to join the US, Japan and Asean in competing with China’s Belt and Road Initiative

Banks, AMP facing $6 billion bill for customer refunds, reviews and litigation

The other big banks took some of their medicine last week in the lead-up to their appearance in parliament, where they apologised profusely for any number of things.

China c.bank chief says plenty of room for monetary adjustments amid trade row

Beijing and Washington have slapped tit-for-tat tariffs on each other and plans for bilateral trade talks to resolve the dispute have stalled, triggering a market rout and putting pressure on China's already softening economy and weakening currency.

Indonesian, Japanese central banks expand bilateral FX swap agreement

BI executive director Agusman said in the statement the expansion would "contribute to the stability of financial markets, promote the use of local currencies."

Chanda Kochhar seeks more time to appear before Sebi for a personal hearing

The coming Tuesday had been set as a date for personal hearing, cross-questioning and recording of her statement

China is preparing for all risks in currency policy, says PBoC chief

The currency has a flexible exchange rate mechanism, which now shows two-way fluctuation.

Pakistan to approach UK for return of looted wealth

Shahzad Akbar to visit London this week to take up pending corruption cases with British authorities

UK, Hong Kong regulators line up 2,500 funds for cross-border selling

Megan Butler, an executive committee member of the British Financial Conduct Authority (FCA) says arrangement will boost all three fund industries, and benefit investors, as UK moves to prepare for its post Brexit era

Legal, Regulation & Compliance