Managers of Wealth Asia Pacific

RBI clears the decks for on-tap banking, bars big corporates

Private sector entities or groups "owned and controlled by resident Indians with sound track record of 10 years can apply", according to the norms announced on Monday.

Singapore launches unit to fight money laundering

Singapore last year opened an investigation into fund flows linked to 1MDB.

Firms urged to export legal services

Mr Dickson said Australian lawyers are well positioned to export legal services, given that the nation’s legal system bears distinct similarities to those of many foreign countries.

China Just Shuttered 10,000 Funds in Crackdown on Runaway Managers

Some engaged in illegal fundraising for illegal and criminal activities under the guise of funds, cheating the public, the note added.

MAS says examining Goldman on work related to 1MDB bond deals

The MAS has been questioning banks and financial institutions since last year as part of investigations into possible money laundering in the city state linked to 1MDB..

UK and China regulators discuss framework for financial projects

Britain, home to the EU's biggest finance sector, has been pushing in recent years to deepen its financial services ties with China, which has agreed to these and other cross-border financial services schemes as part of the UK-China Economic and Fina

Shadow banking crackdown to hit smaller banks hardest

Proposed new rules for booming wealth management sector dubbed ‘strictest ever’

Ease bank secrecy

The case involving Bangladesh proves the need to amend not only the antimoney laundering law, but also Republic Act No. 1405

Taming of the Rich

Sovereignty is seen in granting pardon to politicians, businessmen, and also bureaucrats for their involvement in actions that were subject to trial, but were not convicted.

New rules force closure of about 10,000 Chinese private wealth management firms in six months

Rising defaults and fraud in the insufficiently regulated sector force China to tighten entry norms for companies

Credit Suisse's Francesco de Ferrari calls out commission conflicts

Credit Suisse uses a salary and bonus model in its private banking and wealth operations.

Shell companies: Putting tax evasion, money laundering under scanner

The last two are the most common uses and there are a few examples.

Chinese Capital Outflows May Still Be Happening — But In Disguise

One big reason is that Beijing seems to have had success in cracking down on the flood of money leaving the country, which had been prompting sizable drawdowns in the central bank's foreign currency reserves, to prop up the value of the yuan.

ASIC bans North Queensland financial adviser

Mr Miller was banned following an ASIC investigation which found that during 2012 and 2014, he engaged in conduct that was likely to mislead. Specifically, he:

Deloitte becomes third auditor in a row to quit scandal-hit 1MDB

Follows US DoJ allegations of international scheme to siphon off more than $3.5bn from fund

DAR Vows to Bring back money from Swiss Banks

Finance Minister confident of bidding adieu to IMF.

China mulls tightening wealth-product rules: report

The China Banking Regulatory Commission didn't immediately reply to a fax seeking comment.

AUSTRALIA: Banks get 'green light' on fees

Many of the late payment charges had been reduced but the banks now had a licence to hike those fees back up.

Bangladesh says Philippines probe of cyber theft nearly complete

The accounts in the names of individuals had been opened with a $500 deposit and remained inactive for a year.

Singapore vows to name and shame financial institutions that breach rules after 1MDB scandal

We may not be any worse than other jurisdictions.

Legal, Regulation & Compliance