Managers of Wealth Asia Pacific

Macquarie notes conclusion of ASIC Federal Court proceedings

Following his failure to compensate the clients for their losses, Macquarie took the decision to fully reimburse the 13 clients.

MAS issues Prohibition Orders against Mr Gng Hoon Hong for Dishonest Conduct

The POs were issued following Mr Gng’s conviction in the State Courts for criminal breach of trust offences.

APRA and ASIC publish latest data on life insurance claims and disputes - December 2023

ASIC’s MoneySmart Life insurance claims comparison tool has been updated with the latest data.

Maples Group Recognised as Offshore Firm of the Year Including Six Standout Asia Deals of the Year

We are pleased to be named as "Offshore Law Firm of the Year"

Macquarie Bank to pay $10 million for failure to properly monitor system for third-party fee withdrawals from customer accounts

ASIC expects financial institutions to prioritise and invest in systems that protect their customers.

Appleby'S Shanghai Office And Lawyers Become Invited Members Of The Shanghai Bar Association

This affiliation not only strengthens our ties within the legal community

JPMorgan Private Bank Taps Goldman’s Kui as Head of China Market

She will succeed Grace Lin, who is retiring from the bank after eight years, and report to Harshika Patel, the regional chief executive of the Asia private bank.

Vietnam sentences property billionaire to death in huge financial fraud case

84 defendants in the case received sentences ranging from probation for three years to life imprisonment

SFC encourages licensed corporations to participate in Anti-Scam Charter 2.0

Participating institutions commit that they will not send customers any instant electronic messages with embedded hyperlinks or request key personal data.

AMINA Hong Kong Successfully Onboards Clients Following SFC Licence Approval

AMINA Hong Kong’s regulatory status positions it at the forefront of crypto investment opportunities in the Hong Kong market.

HashKey Upgrades Hong Kong License for Retail Access

HashKey Capital has managed over $1 billion in client assets since its inception with over 500 investments in infrastructure, tools and applications.

Appleby's Hong Kong office advises Hotel101 on it's proposed USD2.3 Billion de-SPAC business combination with JVSPAC

The transaction is anticipated to be finalised in the second half of 2024

MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity

This collaboration is a significant step in that direction, and we are delighted to be the chosen partner for MAS.

Singapore to repeal Registered Fund Management Companies Regime

This move aims to streamline regulations for fund managers.

UBS has considered an alternative for CS business in China

The major Swiss bank could sell its majority stake in the Credit Suisse (CS) securities trading joint venture in the People's Republic directly to a local government fund.

Singapore Hands Down Second Conviction in $2.2 Billion Money Laundering Case

The authorities have also ordered the confiscation of over S$166 million ($123 million) in assets that had been seized from Su, his spouse, and his businesses.

Carey Olsen partners star in China Business Law Journal's A-List

The A-List is based on the nominations of thousands of in-house counsel and partners in China and around the world

Singapore Laundering Case Delivers First Conviction

Investigations also found Su’s involvement in an unlawful remote gambling business based in the Philippines with proceeds that were used to purchase a Mercedes Benz.

Brunei Darussalam Central Bank and Bank of the Lao PDR Formally Join the Regional Payment Connectivity Initiative

Meanwhile BOL signed the third supplemental pages of MOU RPC on 3 April 2024

MAS Expands Scope of Regulated Payment Services; Introduces User Protection Requirements for Digital Payment Token Service Providers

These amendments will take effect in stages from 4 April 2024.

Legal, Regulation & Compliance