Managers of Wealth Asia Pacific

Cyprus and India sign double taxation avoidance agreement

The agreement will be signed by Finance Minister Harris Georgiades and India’s High Commissioner to Cyprus, Ravi Bangar.

JPMorgan Chase Paying $264 Million to Settle FCPA Charges

JPMorgan also is expected to pay $72 million to the Justice Department and $61.9 million to the Federal Reserve Board of Governors for a total of more than $264 million in sanctions resulting from the firm’s referral hiring practices.

High Court confirms tax evasion by companies linked to wealthy businessman Vanda Gould

It also found Mr Gould was an Australian resident for taxation purposes.

Rs 1 lakh for 2500 UAE Dirhams, agents lure NRIs

Big players in the sector are offering Rs 1 crore for exchange of UAE Dirham equivalent to Rs 50 lakh.

China Promulgates New Cybersecurity Law

Among other provisions, the new law imposes data localization, surveillance, and real-name requirements.

Lombard Risk expands Sales and Product team in Asia Pacific to support regional growth

New opportunities are opening up to us as financial services firms grow and look to new markets.

China’s tightened rules on wealth management products having little effect

Suggestions a trial has now begun to bring unsecured Chinese WMPs, one of the main sources of shadow banking, onto banks’ balance sheets

Fieldfisher announces new Chinese merger partner

The merger, structured as a Swiss Verein, takes effect from today – 15th November 2016 – and sees JS Partners adopt the new name 'FeiShi' and the Fieldfisher brand.

ASIC's bank bill rigging case 'embarrassing', says NAB

Its traders were never able to know where BBSW would ultimately be set, the bank suggests.

Industrial and Commercial Bank of China /ICBC/ celebrates listing of a 400 million USD bond on Nasdaq Dubai

Trade between the UAE and China reached 54.8 billion US dollars in 2015, a 16% annual increase over the previous six years

Hong Kong Government Advises Caution with Distributed-Ledger Technologies

Hong Kong's HKMA says it is premature to make a conclusion on distributed-ledger technology.

EFG International Completes BSI Takeover in Singapore

The process of taking over BSI's operations will be executed market by market, according to the statement.

MoU between FCA and PBOC

The MoU sets out how the parties plan to share and use information to promote innovation in their respective markets. The MoU is dated 11 November 2016.

Red Marker shows banks the regtech way

'Regtech', an amalgam of "regulatory technology", has become one of the most talked-about topics in global banking,

Panama Papers scandal: Speculation mars environment before court ruling

These are only speculations and assessments based on over-enthusiasm or, conversely, pessimism induced by the legal history of Pakistan.

Malaysia's c.bank says re-enforing ringgit offshore trading rules

Malaysia's ringgit sank to its weakest in more than 12 years in offshore markets on Friday.

Singapore names Jho Low as person of interest in trial of former BSI banker

In his defence, ex-banker says he played backseat role in multi-million-dollar deals

Modi’s swift clampdown on India’s black money

The move to combat illicit cash hoards shows a capacity for more reform

ASIC employee faces court

The Anti-Money Laundering and Counter Terrorism Financing Act 2006.

Malaysia rebuffs Swiss inquiries into 1MDB

Refusal adds to concerns about Kuala Lumpur’s response to multiple investigations

Legal, Regulation & Compliance