Managers of Wealth Asia Pacific

MAS Takes Heat for Noble Crisis

MAS is now being panned for its slow, hesitant handling of a Singapore commodities firm which is sinking, in the words of a critic.

High-Profile Spanish Money Laundering Investigation of Chinese Bank Raises Questions About Future of Similar U.S. Enforcement - Ballard Spahr

In the nearly 18 months following that raid and the numerous arrests made at that time, very little information about this money laundering investigation became known publically.

The Macallan ALB Hong Kong Law Awards 2017

The shortlist of finalists reflects the continued vitality of Hong Kong’s legal and business community.

Jersey-based financial firm defend Pakistan PM downfall link

The London properties were not declared on Sharif’s official family wealth statement and were only revealed by the Panama Papers leak in April 2016, prompting protests in Pakistan and calls for the family to be investigated.

China seeks to shed light on its shadow banking system

But those developed nations aren't adding on credit at double-digit rates.

Australia, China partnerships push KWM hardship fund past £100,000

The fund is still open to contributions.

Data protection watchdog proposes mandatory notification for selected breaches

The data protection landscape is becoming more complex, due to technology advances such as Internet of Things and Artificial Intelligence.

Abe names safe hands in new cabinet reshuffle

One of the few exceptions is new Foreign Minister Taro Kono, who is known for both his willingness to criticise the ruling party and a frankness unusual for a Japanese politician.

China blacklists nine HSBC mutual funds for IPO violations

Regulators target market corruption in share subscription process

Former NAB adviser charged with forging documents

ASIC alleges that Mr Thompson forged client signatures on each form and undertook this process without clients' knowledge or authorisation so that he could receive additional financial planning remuneration from his employer, the NAB.

Singapore advice firm loses case against competition watchdog

Singapore’s Competition Appeal Board has dismissed an appeal from IPP Financial Advisers to reduce the fine it was handed after being found guilty of colluding with other advice firms to force a competitor to withdraw a life product commission rebat

Australia's Largest Bank in Money Laundering Bind

CBA issued a statement that it was working closely with AUSTRAC and have cooperated fully with all their requests.

Vietnam targets 16 bankers in latest crackdown

The group deliberately violated state regulations on economic management.

Lombard Risk announces ANZ expansion

The company said that as part of its expansion in Australasia.

Token Sales May Be Subject to Securities Laws

The MAS indicated that companies that allow for the exchange of ICO-derived tokens would need to be sanctioned as well.

Abu Dhabi gives new deadline as 1MDB misses $600 million payment

It said all payments to IPIC would be made from the proceeds of the 1MDB rationalisation plan

United Arab Emirates: India's Federal Bank To Open At DIFC

While Federal Bank is poised to increase the bandwidth and access of its products and services in the Gulf, it is also looking at expanding in Canada, Australia, the US and the UK- countries with a significant NRI population.

UK regtech expands Australian footprint

Australia and New Zealand are strategically important to our global growth and as part of the expansion we are building a team of talented people to work in the region.

NAB set to file four references against Sharifs

It was decided to file four references in the accountability courts of Islamabad/Rawalpindi in the stipulated time period of six weeks from the date of judgement.

Carey Olsen advises on new Jersey Private Fund for AVI Frontier Fund I

The Fund has appointed Viet Capital Securities as its local Vietnamese investment advisor.

Legal, Regulation & Compliance