Managers of Wealth Asia Pacific

ASIC acts against SMSF auditors who failed to lodge annual statements

ASIC has recently informed all SMSF auditors with outstanding annual statements that if they remain non-compliant, their registration may be cancelled.

OCBC Must Hold More Capital After Scam Response

The scams were unusually sophisticated as SMS messages were sent to victims from a spoofed phone number matching the bank’s usual communications channels.

HSBC Mulls Listing of Indonesia Unit

In 2022, the Jakarta Composite Index has been the best-performing major benchmark in Asia with a nearly 5 percent rise year-to-date.

Switzerland and Singapore conduct financial dialogue and agree on joint statement of intent to promote data connectivity

The agreement on the statement of intent was reached within the framework of the regular financial dialogue between Switzerland and Singapore

SC And Labuan FSA Ink MOU To Strengthen Regulatory Co-Operation And Collaboration

This collaborative arrangement is an important initiative to grow our capital markets and achieve greater cooperation and synergy between the SC and Labuan FSA.

"A Future Ready Workforce for an International Financial Centre" MAS

The financial sector performed strongly throughout the Covid-19 pandemic.

Two Hong Kong Partners recognised in the ALB Asia’s Offshore Client Choice List 2022

The ALB Offshore Client Choice List recognises outstanding lawyers from offshore law firms

China targets party elites’ overseas assets

Senior officials and members of their immediate families would also be barred from setting up accounts with overseas financial institutions unless they have legitimate reasons for doing so—such as study or work—the people said.

Nomura to Acquire Stake in Forestry Asset Manager

Under the agreement, Mitsui & Co., Ltd. (Mitsui), which currently owns 22.98% of New Forests shares, will increase its shareholding to 49%.

China Probes Central Banking Head of Monetary Policy

Sun was most recently the head of monetary policy at the People’s Bank of China, where he has been working since 1996.

Life as an International Chinese is Changing

One of the most evident changes in recent times has been increased control of international education within mainland China.

CBA takes next step in reimagining banking for customers

Commonwealth Bank (CBA) is continuing its focus on building new and innovative customer experiences.

US tops financial secrecy ranking as G7 countries upend global progress on transparency

The G7 countries’ undermining of global transparency has further fuelled calls by leading economists for a UN tax convention

Hong Kong Partner Vincent Chan Continues to be Named in the Asian Legal Business Offshore Client Choice List 2022

Corporate Partner Vincent Chan has been named among the top offshore lawyers in Asia by Asian Legal Business for the third year.

Goldman Agrees to Settle Suit

Settlement funds will be used to boost compliance at bank

Australia introduces identification number requirement for directors

For all new appointees from 5 April 2022, an application for ID must be submitted prior to the appointment itself.

Rehma Imrith, IQ-EQ: Mauritius is a connector between Asian private investments and African markets

Mauritius already plays a pivotal role by facilitating impact investments on the continent.

Linklaters announces two senior leadership appointments in Singapore

As Senior Partner, Melvin will be responsible for deepening the firm’s relationship with its clients and key stakeholders in the region whilst working closely with Jon in his role overseeing the firm’s strategy and vision for Southeast Asia.

Joint Statement of the 25th ASEAN+3 Finance Ministers' and Central Bank Governors' Meeting

The ASEAN+3 economies have remained steadfast in weathering the challenges posed by the COVID-19 pandemic.

What a Federal Court ruling on cybersecurity means for AFS licensees

With financial services continuing to move online, this decision highlights the importance of good cybersecurity.

Legal, Regulation & Compliance