Managers of Wealth Asia Pacific

Hundreds of NAB advisers forged THOUSANDS of signatures on forms to decide where dead customers' super went – leaving their final wishes unfulfilled

Negligent practice of NAB financial planners put clients' beneficiary forms at risk

AfDB, Asian investment bank sign MoU on cooperation

It enables more effective cooperation between the two multilateral development banks and allows us to complement each other with our respective capabilities.

Bank of Japan to Keep Policy Unchanged but New Deputy Could Amplify Board Differences

Such a forecast would support BOJ arguments against expanding stimulus.

Belt and Road exchange to be set up at ADGM

This landmark MoU marks the successful culmination of a close relationship developed between ADGM and SSE

China makes new move to catch fugitive billionaire Guo Wengui

Amid rising Sino-American trade tensions, U.S. President Donald Trump might try to use Guo, who lives in a New York City penthouse, as bargaining chip with China.

Royal Commission singles out 325 NAB staff cutting corners

Steele found employees thought such behaviour was "common practice and acceptable," both at NAB and at non-NAB licensees, and that they did not understand the serious of these actions.

BI merges conventional, sharia bank regulations

The central bank announced on Monday the issuance of BI Regulation No. 20/2018 on monetary operation, which has been effective since April 16

Westpac financial planner: 'I'm a scapegoat'

Andrew Smith was one a number of advisers who came under heavy scrutiny during hearings last week dealing with poor financial advice

How ASIC Can Become a Feared Regulator

The behaviour of AMP exposed by the Commission shows that it had no fear of ASIC. Clients were ripped off and processes continued to exist that directly contravened years old legislation.

China fund managers slash ZTE valuation after U.S. sanction

Chinese mutual fund managers cut the value of the stock in their portfolios by 20-30 percent in a spate of announcements over the weekend, a blow to ZTE that suspended trading in its mainland and Hong Kong shares on April 17.

Antitrust legal quick tips. Foreign investment review: five key antitrust tips

Against this backdrop, companies contemplating cross-border M&A must be aware of foreign investment review regimes and plan accordingly.

Vietnamese PM Directs Ministry to Strengthen Oversight Following Crypto Scam

The directive specifically demands the SBV direct all banks, credit institutions, payment intermediaries to forbid the support of transactions and activities related to cryptocurrency and to report suspicious activities.

Chairman of Chinese asset manager faces graft probe

The commission works alongside the Communist Party’s Central Commission for Discipline Inspection, which has punished more than one million officials since 2012.

China's Huarong Asset Management chairman probed for possible disciplinary violations

The CCDI did not elaborate and Huarong Asset Management was not immediately available for comment.

Japan’s Mizuho pulled out of Qatar bond amid Gulf dispute

Qatar issued $12bn of bonds last week

ASIC hits former NAB adviser with permanent ban

Separately, ASIC also noted that a former AMP-aligned adviser, Trevor Martin, was charged with 21 counts of dishonestly obtaining client funds.

Former Macquarie exec guilty of money laundering, tax evasion

Also found guilty was Castagna’s cousin Robert Agius, a former accountant in the tax haven of Vanuatu, who conspired with Castagna to conceal the money.

Australia says banking executives responsible for misconduct could face jail

In further testimony to the so-called Royal Commission on Wednesday, AMP executives admitted that it had charged users of online platforms for advice fees despite not receiving the permission required by law.

FIA ‘finds’ no politician with property in UAE

Sources and officials privy to the development said that hundreds of Pakistani businessmen faced threats of investigations into their real estate assets in the UAE.

Outgoing CEO name removed from critical AMP report draft

Hodge questioned whether Regan had considered it "ordinary" that the supposedly independent Clayton Utz report would necessitate regular exchanging of drafts and comments with AMP.

Legal, Regulation & Compliance