Managers of Wealth Asia Pacific

Probe clears Malaysian PM Najib, says $681 mln transfer a Saudi gift

"There was no reason given as to why the donation was made to PM Najib, that is between him and the Saudi family," Apandi said.

UOB Kay Hian representative punished for insider trading

He has admitted to contravening section 219 2 a of the SFA and has paid MAS a civil penalty of $110,000 without court action.

Adelaide man sues Westpac for $1 million over race discrimination

In court documents obtained by The Australian Financial Review, Mr Chopra says he was promoted in 2012 to the position of executive financial adviser, replacing colleague Anil Thusoo, who is also of Indian descent.

Budget may ease rules for offshore fund managers moving to India

The rules were changed to the extent that mere presence of a fund manager in India does not constitute PE of the offshore fund.

Bank of China submits records in Gucci case after fines

Sullivan initially ordered Bank of China to turn over customer records in 2011. He renewed his order in September, after a federal appeals court told him to revisit the matter.

Bank of China targeted by US for money-laundering controls

In the OCC action, which was signed last month by Chen Xu, head of the bank's New York branch, the lender's US division agreed to fix policies for finding and reporting suspicious behavior among its customers, keep better track of currency trans

No European, Thai banks for Myanmar’s new banking licences

European banks will not be included in the second round of foreign banks receiving new banking licences in Myanmar

Australian financial institutions set to leverage new technologies in response to risk and regulatory pressure

Wolters Kluwer Financial Services predicts heavier reliance on integrated data sets, further integration between risk and finance

Philippines Plans to Restrict Access to Cash-Mopping Tools

Policy makers are reviewing access to its liquidity-mopping tools “under the overall framework” of its interest-rate corridor

Before he was Eddie at ANZ, he was Eduardo at Dresdner Kleinwort

As was the fashion back in the global financial crisis, the once mighty Dresdner Kleinwort got into major trouble.

Appleby advised on two of China Business Law Journal's ‘Deals of the Year’

Appleby was recognised for its work on two of the year’s most significant M&A transactions in China Business Law Journal’s 2015 'Deals of the Year.' The deals are Shenyin & Wanguo Securities' merger with Hongyuan Securit

Djibouti signs trade, banking deals to deepen ties with China

Another agreement aimed to expand Djibouti's role for transhipment of goods in trade between China and the world

Appleby's Frances Woo named among 2015 IFC Power Women

Running for the third consecutive year, the list honours 200 of the most powerful women in government, private wealth, private client advisory, education and philanthropy across the international financial centres.

China Could Be Considering A Ban On Hedge Funds

According to Red Pulse, an event-driven research firm in Shanghai covering market events impacting Chinese companies, a source has said that new investment companies might be banned from registering in Beijing.

China: offshore banks' must reserve more yuan

China's central bank said on Monday it will start implementing a reserve requirement ratio (RRR) on offshore banks' domestic deposits, in what appears to be its latest attempt to stem speculation in the yuan and manage money flowing in and out o

ASIC bans former representative of Macquarie Equities Limited

Mr Rickman has no legal qualifications and is not licensed as a conveyancer.

Being notetaker worse than going to strip club

But one female resources company director said banks and other employers should not act like a nanny state when regulating employees

Former Brisbane financial advisor jailed after pleading guilty to fraud charges

On 19 December 2013, ASIC obtained Supreme Court order requiring Mr Tu to immediately surrender all of his passports and any visa for any other country

ASIC accepts enforceable undertaking from Queensland financial adviser

ASIC found Mr Churchill’s advice relating to the replacement of personal insurances

China to raise offshore yuan reserve requirements for some banks

By forcing banks offshore to hold more yuan in reserve, it would reduce the amount of the currency available in the market, squeezing supply further and making it more difficult and expensive for speculators.

Legal, Regulation & Compliance