Managers of Wealth Asia Pacific

Macquarie, CBA face fresh money laundering scrutiny after data leak

Macquarie accounted for 72 per cent of the suspicious transactions by value, or $US123 million.

HSBC fund chief on re-energising a business in the Covid era

Nicolas Moreau faces multiple challenges in transforming the asset manager while the parent bank undertakes restructuring

ECOMMPAY Granted SFA Certification For Singapore

Asia is the fastest-growing economic region globally, with more and more fintech companies looking to service this growth.

HK regulator imposes $4.2m fine on The Bank of East Asia for regulatory breaches

BEA failed to segregate its client securities from proprietary securities in accounts maintained at two external custodians.

World Bank's IFC Warns of APAC Financial Crisis

As a result, he expects an increase in zombie firms that are unable to liquidate as well as liquidated firms that should be liquidated.

Ex-J.P. Morgan Banker Pleads Not Guilty Over Job-for-IPO Claims

Leung pleaded not guilty over the two counts of offering an advantage to an agent, highlighting that she did not offer the job in secret and that she had informed senior management of hiring Ang, which they did not object.

Grow Super founder pleads guilty

Grow Super founder Josh Wilson and former Grow employee Ben Trevisiol have plead guilty to using insider information to place a bet.

Harneys advises Fulu Holdings Limited on its HK$826.6 million IPO

The Harneys team was led by Partner Raymond Ng with support from Legal Manager Nicholas Fong.

UOB freezes wages, slows hiring amid continued fallout from Covid-19

Other banks indicated that they may take steps to keep a lid on costs.

Korean Financial Groups to Start Publishing Integrated Disclosures

Pursuant to the best practice guidelines on the supervision of financial conglomerates

Hong Kong Banking Compliance: A Convolution of Contradictions

Global banks have always lived in contradictions

Malaysian FIs to Pilot Implementation of Climate Risk Taxonomy

According to the joint statement, a revised document will be published in early 2021

Bank of Japan keeps policy on hold, upgrades economic view

The BOJ revised its assessment of conditions, saying the economy has started to pick up with activity resuming gradually.

Aware Super joins forces with Dutch pension fund

Following the agreement, APG and Aware Super hold an equal economic interest in City ID, which the Dutch pension fund acquired a stake of in 2019.

Singapore trader Rhodium sued by Maybank for US$3m payment

The Kuala Lumpur-based bank didn't accuse Rhodium of any wrongdoing, or provide reasons for the default.

Thailand’s SEC Proposed to Raise Fees on Futures Trading

The SEC says it is “still assessing the new fee structure” and will evaluate opinions received from business operators, the SET (Stock Exchange of Thailand) and other stakeholders in the capital market.

APRA, ACCC Update MoU on Financial Sector Cooperation

APRA and the ACCC also agree to seek input from, or collaboration with, each other to achieve or improve regulatory outcomes, particularly in policy development, industry consultation, and statistical collections.

Australia eyes trade with India as China spat exposes dependence

This has Australia looking to its democratic, cricket-loving ally to fill the void.

State Street cops $1.25m fine from AUSTRAC

State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws.

Hong Kong Govt Enhances 100% Loan Guarantee Scheme

The total guarantee commitment is being raised to HKD 70 billion, according to HKMC Insurance

Legal, Regulation & Compliance