Managers of Wealth Asia Pacific

Corporate tax avoiders to be fast-tracked through courts, says ATO

The ATO believes the public is being short-changed by about $2 billion a year by corporate Australia.

Fitch Affirms Two Philippine Government Banks

Fitch believes the sovereign would have a high propensity to provide extraordinary support to the two banks in times of need, in light of their full government ownership and quasi-policy roles as set out in their respective forming charters.

China banks approved to invest in high tech firms: regulator

The banks are required to set up subsidiaries to carry out the investments, which can consist of equity or loan-linked investments, it said.

Kwick High Tech innovation supports massive biometrics programs

In Pakistan all new SIM cards must be registered to an individual whose identity is confirmed with a database of citizens managed by the National Database and Registration Authority

Singapore Property Billionaires Fall Out Over Iconic Project

The proposed liquidation of one of the island state’s most talked about projects, marks the inglorious end of a partnership between two powerful clans-the Kuoks and the Kwees.

Banks to foot bill to strengthen ASIC

ASIC welcomed the Government's support for the introduction of an Industry Funding Model.

Bank of China New Zealand Signs Agreement

Bank of China New Zealand Signs Agreement with Immigration New Zealand

Commissions survive as life remuneration bill flatlines

Labor would like to see the regulations which will accompany this Bill either exclude stamp duty and government taxes from the calculation of commissions, or to set out a timetable to achieving this outcome which would be acceptable to industry.

Turnbull highlights ASIC resources boost in Parliament

We are also taking action in respect of small business, protecting small business in the construction sector and on the roads, because the Labor Party's concern is only to run a populist campaign against banks."

BlackRock Asks Hong Kong to Stop Listed Companies Hoarding Cash

BlackRock Inc., the world’s largest money manager, has asked Hong Kong’s regulators to force companies to return excessive cash holdings to their shareholders.

Fin services lawyers face tech challenge

Fin services lawyers face tech challengeAll lawyers working in the financial services sector will be affected by the rise of fintech and they need to get their head around these changes, one partner has said.

Labuan IBFC meets growing demands of international standards & practices

Labuan FSA, as the regulatory authority, supervises and regulates the various financial institutions including trust companies which are responsible for the registration of Labuan entities.

Warrant issued for Vijay Mallya’s arrest in money laundering case

Special court issues arrest warrant in response to petition in IDBI case; Enforcement Directorate counsel hopes to get Vijay Mallya back in 15-20 days

Madras High Court Sustains Provision Against Foreign Tax Havens

The Madras High Court on Tuesday paved the way for taxing investments from Cyprus as it upheld the central government's decision to classify Cyprus as noticed jurisdictional area.

Bangladesh says 20 foreigners involved in theft from NY Fed

Testimony in the Philippine Senate has indicated the involvement of several Chinese.

UAE fund says Malaysia's 1MDB in default on $1 billion deal

The Abu Dhabi fund said it was terminating last June's agreement, under which it agreed to provide $1 billion in cash as well as assume payments on $3.5 billion of 1MDB debt.

Regulatory Checks In Place To Prevent Abuse of offshore vehicles

The report on April 12 raised a pertinent question: Whether Singapore has enough checks in place to ensure transparency and regulatory compliance in the set-up and operation of offshore vehicles

Korea advised to reform financial regulations

"Singapore built a reputation as a global financial hub because it is open but also well-regulated. It is well-known for its transparent and robust regulatory infrastructure, strong legal system, and supportive tax regime,"

China To Impose Tighter Laws On ‘Wild East’ Hedge Funds

The new rules are intended to further protect investors' legal rights and to regulate the private fund management industry

Credit Suisse Faces Penalty in Japan for Leaking Information

Credit Suisse Group AG faces punishment in Japan after the nation’s securities watchdog found that it leaked private information about a company.

Legal, Regulation & Compliance