Managers of Wealth Asia Pacific

Former Perth finance broker sentenced on loan fraud

Mr Pryor obtained a $28,000 pecuniary advantage for himself and others by fraudulently brokering two of the loans for an amount well above the purchase price of the financed vehicle.

Former mortgage broker charged with making a false statement to ASIC

The matter has been listed for a reply to service of the brief before the Downing Centre Local Court on 2 November 2021.

National Australia Bank tightens up AML regime

The bank is also aiming to avoid repeating the same mistake with new customers, he added.

Joint Statement By Monetary Authority of Singapore And Securities and Exchange Commission of Thailand

MAS and SEC Thailand welcome the launch of the Thailand-Singapore DR Linkage

Singapore’s PayNow and India’s UPI to Link in 2022

The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India.

SEC fines Chinese billionaire's companies $539m over illegal offerings

Companies to Pay More Than $539 Million in Settlement for Distribution to Investors

The fund managers now bailing out of China

Investors are spooked, but could this be time to buy, asks David Brenchley

Carey Olsen has been named a finalist for Best Offshore Law Firm at the HFM Asia Services Awards 2021.

The offshore category is one of 31 awards to be decided upon by HFM's independent judging panel of CEOs, CFOs, COOs, and General Counsel from leading hedge funds.

Hong Kong | Management and disclosure of climate-related risks by fund managers

Who is impacted?

China Development Bank vice-president detained in corruption probe

He Xingxiang is the third senior CDB executive to face a corruption probe during President Xi Jinping’s anti-corruption drive

APRA phases out reliance on Committed Liquidity Facility

APRA will continue to review financial market conditions, and will adjust these expectations should circumstances materially change.

Singapore Exchange allows SPAC listings

SGX’s rules also require that de-SPAC takes place within 24 months of initial public offering (IPO)

Lawyer and former company officers associated with Members Alliance and Benchmark groups facing 72 criminal charges

The charges follow an ASIC-led Serious Financial Crime Taskforce (SFCT) investigation into the collapse of the groups and alleged associated phoenix activity.

Singapore Ranked the Top Regulatory Base for Multinationals - Mercator

APAC was also the top region overall on cost and duration.

NAB poring over millions of accounts to plug money laundering leaks

Mr McEwan said he was restricted in what he could say due to an ongoing investigation by the Australian Transaction Reports and Analysis Centre, but later confirmed Project Apollo’s existence and said the bank was taking the remediation program

Quilter International: Nearly half a million people issued British National Overseas passports

This has seen 64,900 BN(O) visas applied for during the first two quarters of this year according to the National Statistics from UK Home Office.

Allens advises Coles on $1.3b sustainability-linked loan facilities

Allens has recently assisted a number of corporate clients with SLLs, and has been at the forefront of structuring SLLs to fit within broader financing platforms and strategies.

Latham & Watkins Advises on India's First Sustainable AT1 Notes Issuance

The transaction is also Axis Bank’s largest ever single-tranche USD bond issuance to date.

Ex-manager of HKDC charged as graft probe reveals $390,000 contract fraud

The ICAC investigation arose from a corruption complaint.

China's new personal information protection law setting new grounds

Unlike the Cybersecurity Law and Civil Code which focus on the data subject’s consent for PI handling, the PIPL authorizes the handling of PI in the absence of an individual’s consent

Legal, Regulation & Compliance