Managers of Wealth Asia Pacific

1MDB attempting to cover up massive losses by revaluing their assets, claims Rafizi

He revealed that for the financial year ending March 31, 2014, 1MDB had recorded a loss of RM665 million

KYC rules hurting banks, customers in emerging markets: HSBC India

While the Reserve Bank of India recently asked banks to partially freeze the accounts of customers who have not complied with Know Your Customer rules despite repeated requests, HSBC India CEO Stuart Milne said such regulations were making it more difficu

Banks' loan exposure to Chinese clients examined in Hong Kong

Sources revealed that the Hong Kong Monetary Authority launched its first onsite examination targeting Taiwanese banks lending to mainland Chinese companies.

Singapore Returns Up to $9 Billion to Banks in Rate Probe

The return of the funds follows investigations in Singapore that started last year

Asian Firms Face Growing Offshore Compliance Risks

Imagine a scenario in which a Hong Kong-based hedge fund manager establishes and appoints an offshore management company to provide investment management services for its fund.

Australia examines global firms' Luxembourg tax deals

Australia is investigating whether multinational firms operating there are paying the right tax, after claims of secret tax deals in Luxembourg.

Swiss authorities agree to hand over non-HSBC details

Over the past few years, the Indian government has been dispatching a number of requests to the Swiss authorities arising from either search operations done by the Income Tax department or information received on holdings of Indians in Switzerland from th

Legal 500 Asia-Pacific 2015 recognises Conyers Dill & Pearman as top-tier firm

Conyers Dill & Pearman has been recognised as a top-tier firm in the 2015 edition of The Legal 500 Asia-Pacific.

Labuan Financial Services Authority and Financial Supervisory Commission (FSC), Taiwan Signed MoU for Mutual Cooperation in the Field of Financial Supervision

The MoU was signed by the Deputy Director-General of Labuan FSA, Mr Danial Mah Abdullah and Director General of International Affairs, FSC, Taiwan, Mr Joe Lai.

International law firm strengthens Singapore presence

He has developed an in-depth understanding of the Asian market and business culture during the eight years in which he has worked in Hong Kong, which included a period as managing partner of the Hong Kong office of another international law firm.

No One's Surprised If Hong Kong Bankers Get Away With Murder

People have been calling him Patrick Bateman. Perhaps, he has an alibi and was out returning video tapes. But instead, I see Colonel Kurtz.

Illicit funds have no place in Singapore's financial system: Tharman

In line with this policy, Singapore will implement the OECD Automatic Exchange of Information (AEOI) Standard by 2018

Ropes & Gray Names 20 New Partners in Eight Offices Worldwide

Ropes & Gray proudly announces that 20 attorneys have been named partners of the firm, effective November 1. In addition, the firm named two attorneys as counsel.

British banker Rurik Jutting suspected of 'American Psycho' killings in Hong Kong

A 29-year-old Cambridge University graduate named as Rurik Jutting is being questioned over the alleged murders of two sex workers found in his Hong Kong flat

Foreign firms to enter China’s card market

The paper quoted a source from China’s largest credit card supplier, Goldpac Group, saying People’s Bank of China (PBOC) officials had informed them of the date in September.

Trio Capital director Eugene Liu's ban stands

A senior member of the Administrative Appeals Tribunal, Jan Redfern, said there was no evidence to suggest Mr Liu had reformed or that he admitted and is remorseful about his conduct.

Islamic finance body issues draft guidance on liquidity risk management

IFSB guidelines allow national financial regulators to have the final say on how they apply standards, but its prescriptive approach is gradually helping to harmonise practices across the industry's core centres in the Middle East and southeast Asia.

UK lawyer reopens Myanmar firm after 12-year hiatus

“The firm had to close in 2002 due to the increasing pressure of sanctions being imposed on foreign businesses in Myanmar,”

Herbert Smith Freehills raids Ashurst’s Asia Pacific offices for two corporate partners

Herbert Smith Freehills is a leader in M&A activity in Asia Pacific, regularly acting on some of the region’s most strategic and market-defining transactions

Ashurst scraps Australia managing partner role as incumbent Carrington retires

Ashurst’s managing partner James Collis said: “Given John’s decision earlier this year to retire, and the exceptional way the firm as a whole has embraced the divisional structure, I came to the decision that the responsibilities of the

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