Managers of Wealth Asia Pacific

New Zealand: FMA fast tracks money laundering probes

A number of New Zealand agencies, including the Reserve Bank and Department of Internal Affairs, are required to supervise the regime.

Global banks look at large-scale hiring as regulators tighten norms

With regulators getting more stringent about banking norms, large global banks are looking at large-scale hiring of mid-to-senior-level professionals in functions such as risk, audit, compliance and legal over the next 12 to 18 months.

Eight more granted RQFII status in August

The quota will be used for investment in a private or discretionary fund

Allen & Overy advises on Hong Kong's inaugural sukuk issuance

It is encouraging to see there is growing interest in developing Islamic finance in Asia

A former executive at an investment bank is claiming nearly $4.5 million in damages for alleged sexual harassment

In my experience a woman's IQ halves when she falls pregnant

China's sprawling private financial market urgently needs regulation

Many enterprises leaders are suffering strained funding supplies and striving to keep afloat by borrowing high-cost private loans

International law firm announces additional partners in London and Hong Kong

Their accomplishments and strengths have been widely recognized over the years, but, more importantly, the results they have obtained for their clients are the true proof of their excellence.

Deutsche Bank fires rogue forex trader

The bank recently dismissed a trader after checks uncovered irregularities in how he recorded his trading activities.

Pressure on Switzerland on sharing bank account information

Pressure is building up on Switzerland to accede to India's request for information on its citizens who held accounts in HSBC's Geneva branch.

Dubai banker laundered money for Pakistani minister?

Defendant says he was told by an Asian minister to open accounts in name of four women

Mourant Ozannes appear on key panel at Business BVI's Asia conference

On 11 September, Business BVI held their Annual Asia conference in Hong Kong, ' Pivoting to Asia: The Pathway to New Opportunities'.

Westpac fined over misleading statements

The bank has paid the penalty after the Australian Securities and Investments Commission issued two infringement notices regarding the product disclosure statement and other promotional material.

Bird & Bird's David Kerr: Australian merger is a possibility

Bird & Bird CEO David Kerr has overseen a period of significant growth at the former IP boutique, and more is on the horizon.

NAB pays $40,800 penalty

National Australia Bank, the Australian financial services licensee for UBank, has paid $40,800 in penalties after ASIC issued four infringement notices for potentially misleading advertisements.

OTC derivatives reporting and licensing in Hong Kong - what assets managers can do now to prepare

Hong Kong’s regulatory requirements for over-the-counter derivative transactions continue to take shape.

Invesco applies for China bond trade licence

Invesco is applying to trade China's local government bonds directly, betting that investing in the debt will allow it to skirt volatility from rising interest rates in the United States while getting higher yields.

International law firm appoints Head of Asia

He joins BLP from DLA Piper where he was Managing Partner of the Asia Pacific region and will be based in the firm’s Hong Kong office.

Stephenson Harwood shuts down in Guangzhou

The firm also became the first UK law firm to enter the Myanmar market in May 2013

Hawksford director invited to speak at prestigious conference in Malaysia

The IMLC is the Malaysian Bar Council’s flagship event and is one of the most prestigious legal events to take place in Malaysia.

British Virgin Islands suffers amid push against money laundering

“You are seeing stronger compliance and the banks themselves are being more risk-averse so they are making it harder to open accounts,” said Elise Donovan, head of the BVI office in Hong Kong responsible for Asia.

Legal, Regulation & Compliance