Managers of Wealth Asia Pacific

Sebi extends subscription period for RGESS schemes

It has been extended from five days to 15 days from the closure of the initial subscription.

Merrill wins dismissal of CDO lawsuit by South Korea's Woori

A U.S. judge threw out a lawsuit from South Korea's Woori Bank accusing Bank of America Corp's Merrill Lynch unit of misleading investors about the riskiness of collateralized debt obligations, saying the suit had missed a deadline under South K

HKMA's announcement on measures to strengthen HIBOR fixing mechanism

The HKMA decided to accept the proposals from the HKAB and the TMA, and requested them to take forward the following enhancement measures in six months' time:

Libor scandal in Europe rattles traders in Mumbai

"This issue about legacy contracts is a problem that needs to be sorted out. Else, there could be legal problems later."

HK regulator bans ex-Merrill Lynch Asia employee

The District Court found that, between September 2007 and February 2008, Hsu dishonestly effected a number of unauthorized transactions, fund transfers and loan draw downs in customer accounts that she handled during her employment with Merrill Lynch.

SFC bans Wing Hang Bank employee for life

The disciplinary action follows Ho’s conviction for misappropriating around $1.3 million from three customers’ accounts by forging their signatures

Chinese Regulators Rein in Bank Lending Amid Flood of New Loans

The lender also received a warning from the China Banking Regulatory Commission for approaching the limit on loans in relation to deposits.

Tax rise imminent, warns KPMG China

KPMG China predicts a budget deficit due to government spending and says a goods and services tax will help to widen the tax base

Shell India accused of tax evasion

A spokesperson for the India arm confirmed receipt of the notice from the tax department.

Swiss tax haven is over

International tax services, apart from the American, will be able to collect data relevant from January 1, 2013.

Linklaters Recruits M&A Partner in Singapore

In addition to his M&A work, he also was a part of the firm’s India practice group.

China to crack down on Ponzi-style ‘fund pools’

CBRC would remain vigilant against fund pools and other risks.

Singapore Currency-Fixing Probe Snags Traders

Banks in Singapore are nearing the end of their investigations into whether traders conspired to manipulate exchange rates for Asian currencies, bankers here said

Serious Fraud Office Brings Criminal Charges Against New Zealand Forex Dealer

Chalmers and an associate registered Chalmers Cameron Investments Limited (CCIL) in 2007. The company went into voluntary liquidation last May, owing investors approximately $5 million.

Slaughter and May names new Hong Kong senior partner

Slaughter and May’s incumbent Hong Kong senior partner Richard Thornhill will retire

Bank probes find manipulation in Singapore's offshore FX market

The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks under added scrutiny and spurs both regulators and institutions to reconsider how certain key interest and currency rates are set.

India Considering New Wealth Taxes

Should consider the argument that the very rich should be asked to pay a little more

ATO approved tech companies' tax avoidance tactics

Companies such as Google, Apple, and Microsoft have all been accused of employing such tactics

Baker Tilly Malaysia the 6th largest accounting firm in M'sia after mergers

The third country in the world to adopt the generic name of the Baker Tilly brand besides the UK and the United States, the firm had its merged clientele expanded to about 100 public-listed companies.

Malaysia campaigners tackle Swiss banks

The rainforest advocacy group Bruno Manser Fund (BMF) has filed a complaint to the Swiss attorney general’s office against four banks – UBS, Edmond de Rothschild, Pictet and Deutsche Bank – for their dealings with the Malaysian Taib clan

Legal, Regulation & Compliance