Managers of Wealth Asia Pacific

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.

Human Rights and the Environment – What Asia-based Companies Need to Know about the EU Draft Corporate Sustainability Due Diligence Directive

The Draft Directive provides for director responsibility and accountability in relation to EU companies' HREDD programmes

EY adds boutique Axiom to Forensics & Integrity Services practice

As part of the deal, nine professionals are joining EY, including Michael Potter and David Mullins – both have been appointed a partner in the Forensics & Integrity Services practice based out of the Sydney office.

India’s markets regulator probes Axis Asset Management

Axis AMC, which is India’s seventh largest asset manager, is being probed for alleged front-running by two officials.

Leading law firm for 10 areas in 2 jurisdictions

Benchmark Litigation Asia Pacific is a publication that focuses exclusively on the region’s litigation and dispute market, providing rankings of firms and litigators considered to be of an elite status.

HSBC Break-Up Proposal

Analysts from Investec and Federated Hermes also highlighted the potential downside, saying HSBC would be less diversified and less connected to international trade.

Court finds RI Advice failed to adequately manage cybersecurity risks

The orders were made by consent after ASIC and RI Advice agreed to resolve the proceedings.

Asset management challenges of the fintech era

Reliance on self-certification, with an emphasis on form over substance, may still lead to compliance issues over imprudent know your customer (KYC) standards of financial institutions.

Lightspeed Finance and director to pay $220,000 for failure to give effect to an AFCA determination

The $220,000 payment ordered by the court includes $20,000 in penalties, $150,000 in compensation and $50,000 for ASIC’s costs.

UAE-India trade deal is new phase of globalisation

Two countries coming together for their mutual economic interests during a crisis and doing what is best for them opens a new world of possibilities

The Alliance for Green Commercial Banks Hosts the “Green and Sustainable Capital Market Evolution Roundtable Session”

The Alliance was jointly launched by the HKMA and IFC in November 2020 to help banks develop the solutions needed to address climate change across emerging markets.

Another Setback For Credit Suisse

60 percent were against the discharge, which proxy advisors ISS and Glass Lewis recommended rejecting because of the significant financial damage and reputational cost to the bank.

Financial distress contributes to 40,000 SMSF breaches

Ten tips from the experts to ensure your DIY super fund is compliant.

Hong Kong's second SPAC deal put on hold, source says, clouding prospects

Regulators and bankers had hoped the approval would draw mainland China investors to list SPACs, which raise cash to buy private firms which are then listed through the vehicle.

Increase in maximum financial penalties for data breaches in Singapore

The annual turnover of the organisation will be ascertained from its most recent audited accounts available at the time the financial penalty is imposed.

Westpac penalised $113 million

The sheer scale of this impact suggests that, at the time, Westpac had a culture that did not prioritise compliance.

Legal, Regulation & Compliance