Managers of Wealth Asia Pacific

PM to hold round table with heads of sovereign wealth funds

The session will be an opportunity for the senior most policy makers to hear from global investors and understand the main drivers required to attract investment to India.

Regulatory Reporting Pressure in APAC: A 2019 View

Still, these new obligations are now being supplemented with local regulatory reporting overhauls, with Australia and Singapore taking the lead.

SFC Fines FWD Life for Noncompliance

From 1 December 2012 to 17 November 2016 (Relevant Period), FWD Life had only one key personnel in place who met the minimum five years investment management experience requirement.

Data Protection Predictions 2019

The GDPR appears to have resulted in a big shift away from consent as the processing condition relied upon for the majority of commercial processing activities.

RHB Banking Group Chooses Kamakura for NSFR

NSFR is the second standard of the Basel III liquidity rules designed to promote stable long-term funding.

FBR launches mega operation against high net worth individuals

The sources further said that non-compliant taxpayers had been asked to appear personally instead of recording statement through their lawyer/council.

Jersey no longer a safe haven for dormant shell companies

Such front entities are floated by service providers in Jersey who do the paperwork to register the firm and hire locals willing to lend their names as directors.

China Securities Regulator Breaks Record with 2018 Penalties

Penalties were issued in 310 cases during the year, compared to 224 in the previous year, and banned 50 people from entering the securities market.

ATO calls out 'reckless and false' legal privilege claims in tax avoidance cases

ATO officials told Parliament the agency is aware of particular tax advisers marketing aggressive tax planning arrangements

Central Bank signs MoU with SEC

For consolidated risk-based supervision

More than US$195.3 million defrauded from companies in Hong Kong and overseas in first 10 months of 2018

The biggest amount swindled was more than HK$100 million, which an electronics company in Spain was defrauded of

The uniting powers of Northeast Asia may be a counterweight to the might of the United States of America

The crowning achievement for Sino-Japan relations would be a trade agreement between the world’s second and third-biggest economies, plus South Korea

China Is Hunting for Foreign Buyers for Its Sovereign Debt

They’ve cooled on a market that in some ways is proving its worth as a diversification play.

Standard Chartered STILL on the hook over Iran deals as it faces £1.2bn fine in US

StanChart will be saddled with an independent monitor until the end of March

K&L Gates, Withers Seal Singapore Mergers

The newly combined outfit now has 90 lawyers in the city-state.

Taiwan to Ease AML Requirements for Low Risk Clients

The remarks come after Bank of Taiwan give its clients until 28 February to update their personal information to avoid being locked out of financial services, which the FSC said was an inappropriately strict deadline.

The Current Status ofAEOI CRS in Hong Kong and the known developments in 2019 And 2020

The OECD has not provided final guidance regarding RBI schemes.

America’s EB-5 investor visa programme backlog it putting Chinese capital at risk

EB-5 investors fall victim to programme’s popularity as US$17 billion is up to be reinvested without clear guidelines

India to get info on account holders in Swiss banks from 2019: Govt

From 2019, India will receive on automatic basis, information in respect of financial accounts held by Indian residents in Switzerland.

Top Scandals That Rocked China in 2018

From disappearing movie stars to tainted vaccines, there was no shortage of controversy

Legal, Regulation & Compliance