Managers of Wealth Asia Pacific

Mid-East company denies links to 1MDB

Both firms said yesterday they had never received payments from the company with the almost identical name, nor assumed any liabilities on its behalf, Reuters reported.

APRA releases report on Trio investigation

APRA's focus was on the conduct of Trio as a corporate trustee and the conduct of individual directors between November 2003 and December 2009.

Adnan Sundra triumphs at Malaysia Law Awards

Up-and-coming players Peter Ling & van Geyzel and MahWengKwai & Associates emerged as the Rising Firm of the Year

High-flying Shanghai wealth management firm comes crashing back to earth

Police have arrested 21 people with ties to well-known Shanghai investment firm Zhongjin Capital Management, accused by police of illegal fundraising in China's rowdy and chaotic wealth management industry. Municipal police said in a statement on th

Australia's big banks wander deeper into regulatory quagmire

While increased regulatory scrutiny will eventually promote greater compliance, banks could face medium-term financial penalties, denting earnings and shareholder returns in a sector battling stricter capital rules and higher loan losses.

Bank of China enters Turkish market

As China's most internationalized and diversified bank, the Bank of China provides a comprehensive range of financial services to its mainland as well as 41 countries and regions.

Indian fund houses must reveal executive pay

India’s mutual fund industry, which collectively oversees $200bn of assets, has responded angrily to the changes.

ACC arrests Standard Bank officer for embezzling Tk 1crACC arrests Standard Bank officer for embezzling Tk 1cr

Files case against Midland Bank's MD for 'illegally wealth, false info'

Amid 1MDB probes, BSI suffers exits in Singapore and dispute over liability

Recent departures from BSI Bank Singapore have included the unit's head of compliance and an executive in its wealth management unit

Panama Papers: Singapore reviewing information, doing ‘necessary checks’

“Singapore takes a serious view on tax evasion and will not tolerate its business and financial centre being used to facilitate tax related crimes,” the Ministry of Finance and Monetary Authority of Singapore said in a statement.

Clients cannot hide behind anonymous structures: banks

Singapore could benefit from smart money's flight from 'dodgy' to quality jurisdiction

ASIC commences civil penalty proceedings against Westpac

ASIC alleges that on these days Westpac had a large number of products which were priced or valued off BBSW and that it traded in the bank bill market with the intention of moving the BBSW higher or lower.

Panama Papers: Pakistani Prime Minister Nawaz Sharif asked to explain family wealth following leak

The Panama Papers confirm the Sharif family controls a vast land and property portfolio both in Pakistan, as well as overseas

Global regulators move closer to regulating fintech

The Financial Stability Board, which met in Tokyo on Thursday, has agreed on a framework for categorizing different components of fintech and assessing their potential risks.

Calls mount for tighter rules on NZ's foreign trusts after Malta scandal links

Green finance spokeswoman Julie Anne Genter has called for tighter rules around foreign trusts.

RCBC lawyers say bank a ‘victim’ of money laundering scam

In a statement sent to the Inquirer, RCBC’s external counsel said the country’s fifth largest financial institution could validly invoke the defense that it exercised due diligence in the supervision of a rogue employee and “did not cont

Bank of Thailand to loosen forex regulations

The new regulations will take effect from April 18, the central bank said in a release.

Australia seeks feedback on law to implement new tax treaty with Germany

The Australian government on April 1 launched a consultation on draft legislation that would give a tax treaty signed with Germany the force of law in Australia.

China’s elite—including Xi Jinping—are linked to offshore deals that hid millions of dollars

The China investigation is part of a leak called “the Panama Papers,” which reveal the hidden financial dealings of over 100 politicians and public officials around the world.

1MDB Probe Shows Malaysian Leader Najib Spent Millions on Luxury Goods

Accounts of prime minister paid out $15 million for clothes, jewelry and a car

Legal, Regulation & Compliance