Managers of Wealth Asia Pacific

Stricter Debt Controls Set For Chinese Asset Managers

CSRC likely to cap debt ratio for equities investment at 100 per cent for asset management businesses

Hong Kong must work towards a ‘Panama Papers Ordinance’ to end automatic recognition of offshore firms

Companies should no longer be accepted as being from the British Virgin Islands without having a significant share of their revenue and assets actually produced there

Panama says tax evasion ‘not a crime’ there, offers to help India

“Panama is committed to cooperate and exchange of information but these can be only on bilateral terms,” Navarro said during an interaction here adding “the country which takes the information should be prepared to take it and use it acc

Police on Peak watch after home of banker ransacked

A French banker who lives in the house at 22 Barker Road reported to police on Sunday that a safe box was missing when he returned to the four-story dwelling, which police said had been ransacked.

Report: Swiss bank in 1MDB saga 'investigating its employees'

BSI’s ongoing inquiry reportedly comes as authorities across the globe examine claims that 1MDB was used to funnel money to politically-connected individuals.

Singapore, Philippines central banks move to tighten cyber security

The two attacks through SWIFT, used by about 11,000 banks and institutions around the world, have sent tremors through the global financial industry.

Malaysia Says Too Early to Conclude Fraud in 1MDB-Abu Dhabi Deal

A report by a Malaysian parliamentary committee last month identified at least $4.2 billion of questionable transactions by 1MDB

'Mauritius, Singapore account for 50 p.c. of total FDI into India'

Structural fundamentals will be good as the government is trying to weed out the twists in tax structures.

US Exposes Global Finance Firms' China 'Influence-Peddling'

The Securities and Exchange Commission and the Department of Justice began investigating the recruitment programs of major investment banks three years ago, to see whether they violated the Foreign Corrupt Practices Act by hiring the friends and relatives

1MDB gets more time to repatriate $2.5 billion

The governor did not provide a time frame for 1Malaysia Development Berhad (1MDB) to return the money.

Imran Khan has clear record for paying taxes, says law firm

Yousaf Islam Associates, the firm handling financial issues of Chairman Pakistan Tehreek-e-Insaf Imran Khan, on Sunday said the chairman PTI had clear record for paying taxes regularly, ARY News reported.

China's state-run TV airs confession of asset management firm exec arrested over $1 billion fraud

It owes more than half its 25,000 investors a total of 5.2 billion yuan (S$1 billion) said the broadcaster, which is based in the commercial hub.

China asks Britain for advice on creating financial super-regulator

The UK Treasury has lobbied hard to become China's partner of choice on a range of financial issue

Proskauer Makes Real Estate Push In London With DLA Hire As Latham Taps Kirkland In Asia for Another PE specialist

Proskauer Rose has made a strategic play to capture work in London's burgeoning real estate market with the hire of DLA Piper's global co-chair of hospitality and leisure, Joanne Owen.

Major foreign investors like JPMorgan, HSBC, Goldman okay with Sebi proposal for tightening P-Note Rules

As Sebi readies to tighten its rules for controversy-ridden P-Notes, major foreign investors including JPMorgan, HSBC, UBS and Goldman Sachs have supported the proposed provisions for immediate reporting of any breach to the regulator and filing of suspic

A new boost to transparency in international tax matters: 6 new countries sign agreement enabling automatic sharing of country-by-country reporting

It will help ensure that tax administrations obtain a complete understanding of how MNEs structure their operations

Legal, Regulation & Compliance