Managers of Wealth Asia Pacific

Kimora Lee Simmons’ Husband Caught Up in Massive Scandal

Media sources report that Simmons has connections to Razak’s wife.

Kyc.com expands Asia Pacific footprint to Hong Kong and Singapore

Standard Chartered, the UK headquartered bank with a large footprint in Asia, is supportive of kyc.com and in the process of joining the service.

China's Banks May Be Getting Creative About Hiding Their Losses

Banks are increasingly using trusts or asset management plans to lend and recording them as funds to be received rather than as loans, which are subject to stricter regulatory oversight and capital limits.

India slaps 2.1 Bln USD Tax Notice on Telecom Giant Vodafone

India has slapped a tax notice of 2.1 billion U.S. dollars on UK telecom giant Vodafone, in what is being dubbed by many as "tax terrorism."

Regulators Leave Wealth Management Industry Unplugged

Against a backdrop of loose supervision, banks and financial firms are taking big risks with investors' funds

16-036MR Former Guardian Advice insurance adviser permanently banned from financial services

In executing this business model, ASIC found that Mr Moroney failed to comply with financial services laws in relation to a number of his clients.

Malaysia: The 1MDB money trail

Probes into suspicious transactions at the Malaysian fund have threatened to expose loopholes in global finance

HSBC Keeps London Headquarters in Victory for U.K. Over Asia

The decision is a victory for U.K. Chancellor of the Exchequer George Osborne, who made tax and regulatory concessions to large banks

CEO loses $33 million claim against UBS

Mr Tan had initially sued UBS for more than $133 million, but in the course of the trial, he dropped the claim to $33 million.

Japan funds seek exemption from negative interest rates

It would be the first protection of its kind to be demanded since the Bank of Japan announced its negative rates policy last month.

ASIC bans ex Macquarie Group manager

The sales team then used two email addresses for the BFO to extract confidential information from MAFML's competitors in the agricultural investment sector on the pretence that it was assessing potential investment opportunities for its funds under m

Australia’s ASIC bans ex Macquarie manager for using fake Family Office to get info from competitors

Family offices are private wealth management advisory firms that serve high net worth investors.

BSP warns vs Global Investment Bank

The bank regulator in a statement Thursday warned the public against the unauthorized banking activities of GIB or GBPL in the country.

Singapore banks still hiring, bucking global firing trend

Top recruiting firms say the three local banks - DBS, UOB and OCBC - stand on strong fundamentals and are not expected to resort to the drastic staff reduction measures taken by many big global lenders.

13 banks vie for Myanmar banking licences

The CBM closed applications on Monday and the winners will be announced next month.

P-Noy OKs Landbank, DBP merger

In his Executive Order 198, Aquino also approved the increase in Landbank’s authorized capital stock from P25 billion to P200 billion.

Bangko Sentral raises red flag vs. Global Investment Bank

GIB has no Certificate of Authority to operate as a bank in the Philippine and is not licensed to accept deposits

UK weighs in on Malaysia's 1MDB state fund as it launches own investigation

It is alleged that RBS Coutts in Zurich, which is owned by RBS, is one of the banks that had transferred the state fund's money out of Malaysia.

Philippines Lifts 17-Year Ban on Bank Licenses to Lure Investors

The second phase will start in January 2018, when all restrictions on granting new licenses will be fully lifted

Corona asks court to quash subpoenas for German bank execs

Corona and his wife are facing a P130-million civil forfeiture case before the Second Division, which stemmed from their alleged misdeclaration of assets from 2001 to 2011.

Legal, Regulation & Compliance