Managers of Wealth Asia Pacific

$24M Thailand Bitcoin Fraud Case Update; Three Banks, Investor and Family on the Hook

The $24 Million Thailand Fraud Case Entangles A Leading Stock Investor And Bank Employees

Some Australian Pension Funds May Be Derelict in Duty, Inquiry Hears

Firms that came under fire in this round of hearings include National Australia Bank after one of its units charged more than 220,000 customers for advice they did not receive.

ASIC's concerns over NAB fees revealed

The corporate regulator has outlined suspected offending by National Australia Bank in a document released by the banking royal commission.

Appleby Hong kong Shortlisted For Five Awards

Appleby Hong Kong has also been nominated by the China Law & Practice Awards for M&A Deal of the Year, Private Equity Deal of the Year and Offshore Firm of the Year.

Macau revokes 13 offshore permits in first half of 2018

The two banks were previously being the only authorised banks to have offshore operations in Macau.

Australia's AMP channeled pension funds to subsidiaries: inquiry

Michael Hodge, a barrister assisting the commission, asked Allert whether as chairman of the trustee it “seems strange to you” that the payments would not have been legally documented.

Businessman loses N177.5m to Chinese fraudster, sues bank

Emmanuel said because of his long-standing banking relationship with Zenith Bank, he insisted that Muna should provide a Zenith Bank account.

Hong Kong tightens rules for financial advisers

They are also expected to make at least a one-off disclosure on whether or not they are independent before or at the point-of-sale.

HK targets fugitive Chinese tycoon accused of laundering billions

Details of the Hong Kong police probe emerged from court documents submitted as part of a request for a judicial review against the freezing of various assets linked to him.

Singapore Fund Manager Clears Hurdle

The 11-year-old asset manager specializes in Asian mid-cap equities and Asian high-yield bonds.

Carey Olsen shortlisted for 2018 China Law & Practice Awards

Carey Olsen has been shortlisted for Offshore Firm of the Year at the 2018 China Law & Practice Awards.

Linklaters, KWM Take Lead on $1.2B Indonesian Gold Mine Sale

A Jardine Matheson-backed Indonesian explorer will acquire one of the largest gold mines in the country as Australian and U.S. investors exit.

Insider trading rule under Financial Instruments and Exchange Act

This update provides a brief introduction to the insider trading rule – in particular, how it differs from the fair disclosure rule.

ASIC warns banks must do more to curb adviser fraud

By the time the Sherwin group of companies collapsed in January 2013 they owed nearly $60 million to approximately 400 clients.

Government To Remove Former PNB Chief Ananthasubramanian From Service

The government also gave permission to the CBI to prosecute Sanjiv Sharan, former executive director of the PNB, the official said.

How a Swiss bank was toppled by a financial scandal in Malaysia – and what can be learned from it

When in 2014 it was reported that 1MDB had amassed US$11 billion in debt, posing a threat to the Malaysian ringgit, the scandal began to unravel.

Latest bank victory – Hong Kong High Court dismisses mis-selling claim

Apart from the contractual terms, the relative sophistication and character of the customer in question was also highly relevant to the court's decision.

ASIC bans ex Macquarie Private Wealth advisers

It is understood the pair lodged an appeal with the Administrative Appeals Tribunal on Tuesday morning.

World Bank hires Commonwealth Bank of Australia to issue first global blockchain bond

The new debt instrument named bond-i will be created and managed with distributed ledger technology

Turkey sees long-term partner in China

President Erdogan says his nation, amid crisis with Washington, may be forced to seek out 'new friends'

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