Managers of Wealth Asia Pacific

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.

Panama leak: SC seeks Centre, RBI's response in four weeks

Each transaction spans different jurisdictions and may involve multiple entities and individuals.

Will Brexit Break-Up Affect Your Divorce? The View From Hong Kong - Withers

Will the UK's own divorce from the European Union - ending a "marriage" going back to 1973 - affect divorces at the personal level for those with cross-border financial interests at stake?

JPMorgan is getting fined for something everyone is doing

He's among the so-called Chinese Princelings

Singapore to further boost money laundering controls amid 1MDB-linked probe

MAS is determined to fix the problem, working together with the industry.

What the G-20 Call for More Fiscal Emphasis Means for Investors

Shift toward fiscal policy may boost banks and steepen curves.

Waves from US probe into 1MDB may turn into tsunami

All the legal avenues within the country for bringing perpetrators to court have, thus far, proved ineffective.

Legal, Regulation & Compliance