Managers of Wealth Asia Pacific

'I was sent a bullet' probing 1MDB, says Malaysian anti-graft chief

Shukri told a news conference he had called Najib into the agency to record a statement, not to arrest or charge him.

HSBC case: ED seizes Rs 21 crore assets of Dabur director

The assets have been seized in lieu of those held abroad by Dabur group director Pradip Burman, ED has said.

Pakistan hires UAE banks to raise $200m loan

Pakistan needs to raise funds to offset a drop in international reserves

China central bank aims to improve information disclosure and transparency

“We will continuously improve the central bank’s credibility and transparency,” the PBOC said in a notice published on its website.

Malaysia sets up task force to probe 1MDB scandal

The special task force will be charged with seizing back assets and pursuing legal action against those suspected of breaking the law in relation to the fund

UAE banks get go-ahead to share Winsome information with India

Information of the movement of funds in and out of the bank accounts of Winsome Group firms, subsidiaries, and its clients in Dubai could help Central Bureau of Investigation establish the money trail.

Huarong orders staff to divulge offshore ties as it braces for regulatory probes into operations

The company, established in 1999 to manage the distressed assets belonging to the Industrial & Commercial Bank of China, is state-owned, and its employees are essentially members of China’s public service.

Looking east: Linklaters gets long-awaited Shanghai approval as CMS launches Hong Kong association

The announcement has been on the cards for some time after the two firms formed a ‘best friends’ alliance in April last year, which saw three partners and 16 lawyers move from Linklaters to Zhao Sheng.

Seizing the GDPR Advantage: From mandate to high-value opportunity

Look beyond the compliance side of the GDPR

Singapore Bourse Sued by India Exchange in Futures Dispute

“This is a big mess,” said David Shin, Asia head of global equity derivative sales at TD Securities in Singapore.

'Unethical' banks under scrutiny as royal commission returns

Senior counsel assisting the commission Rowena Orr and Michael Hodge are likely to focus on the impact of overzealous lending and enforcement when customers provided guarantees involving their property and other assets.

Bank of Singapore inks MOU with Sumitomo Mitsui Banking Corp unit SMBC Trust Bank

BOS hopes the MOU will raise its profile among Japanese ultra-high and high net worth individuals.

UAE allows banks to share Winsome Group information with India

The diamond house is India’s second-largest wilful defaulter after Vijay Mallya’s Kingfisher Airlines.

Westpac made blind pensioner a guarantor without risk advice, inquiry hears

The testimony, given to a powerful inquiry into the country’s financial sector, came as Australia’s “big four” lenders all admitted to misconduct in their submissions to a third round of public hearings that focuses on loans to sma

Award Winners — Lawyers & Law Firms

Firm of the Year 2018: Hogan Lovells

Fraud, Money-Laundering on the Rise in Singapore

while instances of bribery and corruption in Singapore were lower than the global average, incidents related to money laundering were higher.

Myanmar green lights formation of Singapore firm-backed credit bureau JV

“This will help banks to make a proper risk assessment about the credit worthiness and could reduce strict guidelines about a requirement for a collateral,” said U San Thein, senior adviser to German development agency GIZ and a former central

Treasury targets foreign investors

When combined with existing concessions used by foreign pension funds and sovereign wealth funds, some foreign investors were paying tax rates of 15 per cent, or in some cases, far less, Treasury said.

Taiwan’s FSC plans to ease custodian rule for foreign investors

The regulator unveiled the plan in a draft amendment of the custodian rule posted on its website on May 4.

ASIC will ‘accelerate and expand’ wealth crack-down

Shipton said this could include making greater use of external expertise in investigations and enforcement actions.

Legal, Regulation & Compliance