Managers of Wealth Asia Pacific

Ex-DBS Employee Admits to Cheating Clients

This was done as Pang had significant debts to licensed moneylenders after suffering online gambling losses.

APRA proposes updated approach to treatment of HELP debts

APRA has no specific rules or guidance in relation to HELP repayments beyond asking banks to include HELP debts when reporting data on debt-to-income ratios.

Former Melbourne financial planner Bradley Grimm’s appeal dismissed

Mr Grimm also failed to advise his client that ASIC had sought the winding up of entities related to him

All eyes on the RBA’s most anticipated decision in over a year

February’s rate decision has been the most anticipated in over a year.

MAS and ABS to Establish New Payments Entity to Position National Payment Schemes for Next Stage of Growth

The entity will also collaborate with MAS on the development of Singapore’s national payments strategy, ensuring a safe, efficient and innovative payments infrastructure.

Equities Market Review Group submits tax proposals to the Government as part of first set of measures to strengthen Singapore’s equities market

These include proposals to introduce tax incentives to spur more listings and investments in Singapore’s equities market

South Korea Fines Banks Over Short Selling Violations

Selling stocks without borrowing them first or determining they can be borrowed – also known as naked short selling – is banned by South Korea’s Capital Markets Act.

Financial Services and Credit Panel issues registration prohibition order against financial adviser

Mr Meilak exhibited conduct that was systemic, displayed a lack of care and a level of incompetence in providing the advice to his clients.

Implementing Rules and Regulations on VAT on Digital Services

DSP refers to an individual or juridical, resident or non-resident supplier of digital services to a buyer who uses the digital services in the Philippines.

HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade

HKMA to unveil RMB Trade Financing Liquidity Facility on February 28

Singapore Police Can Now Freeze Bank Accounts Under New Scam Law

Scams have become a serious issue in Singapore.

BOJ discussed worries about price upward deviation in January

Many members supported the idea of raising the bank's policy rate, with one opinion calling for a hike to 0.5%.

Banks still lack internal control, risk management: FSS

KB and NH Nonghyup were found to have been involved in inappropriate loans totaling 89.2 billion won and 64.9 billion won, respectively.

APRA increases transparency with enhancements to annual superannuation publications

The first release of expenditure data occurred in October last year.

HKMA’s Response to US Fed’s Interest Rate Decision

Interest rates in Hong Kong might still remain at relatively high levels for some time, and the extent and pace of future US interest rate cuts are subject to considerable uncertainty.

SFC reprimands and fines Hang Seng Bank Limited $66.4 million for misconduct in selling practices of investment products

The frequent trades in CIS products resulted in significant transaction costs borne by the clients, which greatly affected their overall profit and loss.

Hang Seng Fined for Sales Misconduct, Overcharging

The violations were found from findings via the Hong Kong Monetary Authority’s investigations as well as self-reporting by the local lender.

Japan ready to join ‘global club of normalised monetary policy’

The Bank of Japan hiked interest rates to their highest level in 17 years on Friday, but investors reckon the outlook for equities is benign.

ASIC’s Moneysmart encourages Australians to stick to their financial goals in 2025

The research revealed that while more than half of those surveyed plan to set a financial goal, only about 1 in 8 (12%) manage to stick to it.

Ex-director at corporate service provider linked to S$3 billion money laundering scandal handed 15 charges

These range from engaging in a conspiracy to falsify accounts to forging documents to cheat DBS, OCBC

Legal, Regulation & Compliance