Managers of Wealth Asia Pacific

Japan Quietly Hosted a Blockchain Roundtable for Central Banks, Regulators

The private meeting was held on March 8 and 9, an FSA announcement confirmed on Monday.

Bogotá Chamber of Commerce looks to Africa, Asia and Middle East for stronger commercial ties

The agreement was signed by Hamad Buamim, President of the Dubai Chamber, and Mónica De Greiff, Executive President of the Bogotá Chamber of Commerce.

Philippines close to joining ASEAN cross-border fund pact

The source declined to disclose the date and venue of the meeting.

Akin Gump Involved in Korean Corruption Scandal Implicating Former President Lee

Longtime client Samsung is alleged to have paid the U.S. firm $3.7 million in legal fees on behalf of another company in exchange for a presidential pardon for group chairman Lee Kun-hee.

Sebi imposes fine on Wasankar Wealth Management, 5 others

"I am of the opinion that entities violating the directions issued by SEBI seriously compromise the regulatory framework and are detrimental to the interest of the investors in the securities market,"

Swiss seize bank accounts amid probe linked to Rio Tinto Mongolia mine

Corruption probe linked to a former Mongolian finance minister who helped clear the way for a disputed Rio Tinto mining project.

Legal battle over $250 million yacht seized in U.S. fraud probe

"We are facing some legal issues that have to be resolved first."

KPMG Singapore implements RegTech applicaton with Lombard Risk

KRIS is a cloud-based regulatory technology (RegTech) offering between the two organizations

China regulators’ merger not seen to affect control of insurance investments

The Chinese government said on March 13 that it plans to form a supervisory agency for the banking and insurance sectors by combining the China Banking Regulatory Commission and the China Insurance Regulatory Commission.

Indonesian banks will see more than 12% loan growth in 2018: regulator

More than 300,000 people have borrowed from fintech firms, with total loan distribution reaching 3t rupiah in Jan

Super industry wants tougher insurance code

As a baseline, super funds endorsing the code pledge to contact members six months after the last contribution is made to combat account balance erosion.

Indonesian banks likely to see more than 12% loan growth this year

Reuters reported that OJK was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimising the risk of defaults.

StanChart Fined in Singapore for Money Laundering Breaches

Two units fined a total of $4.9 million by monetary authority

Malaysia readies robo-adviser licence

The licence will be issued to qualified fund houses that plan to be involved in automated discretionary portfolio management services.

G20 urged to adopt common regulations for cryptocurrencies

It is understood discussions on cryptocurrencies will take place across both days between finance officials from G20 members.

India’s Axis Bank expands UAE business with a third representative office

Lender has a 20% market share of $12b remittance from UAE to India

China boosts insurance oversight with regulatory revamp

Central bank will lay down the rules while merged watchdog handles policing

SFC reprimands and fines CLSA Limited $9 million over internal control failures

The SFC also took into consideration the undertaking of CLSA’s board of directors that reasonable steps will be implemented within the next 12 months to rectify CLSA’s internal control failures in relation to avoidance of conflicts of interest

Singapore police and regulator team up to investigate IFAs

This arrangement will allow both agencies to consolidate their investigative resources and expertise and further improve the overall effectiveness of market misconduct investigations.

Deutsche Bank fined for regulatory breaches in Hong Kong

The companies have agreed to submit an internal report to the regulator after 12 months to ensure implementation of remedial measures.

Legal, Regulation & Compliance