Managers of Wealth Asia Pacific

HKMA Consults on Amendments to D-SIB Framework

Global G-SIB and D-SIB frameworks, on the other hand, use notional amounts of OTC derivatives to assess the complexity of banks

HKAA Sanctions Impact ‘Relatively Muted’, For Now: IIF

With respect to foreign FIs, the HKAA specifies ten measures, including denial of access to loans, foreign exchange, banking transfers or payments, properties, financial technologies, and equity or bond financing from US institutions.

Financial Crime Country Lists in a Fragmenting World Order

The scrutiny of the FATF’s lists has become a global preoccupation.

Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body

Racela cited as an example the Maute Group that attacked Marawi City and clashed with state forces in 2017.

Impact of the new Foreign Investment Law and revised SAFE rules on downstream equity investments by foreign invested enterprises

There are restrictions on the use of capital received by investee companies from FIEs.

Global UPI Adoption a Key Focus for DSB in Year Ahead

The new TAC Chair is Chris Pulsifer, Software Development Manager from Bloomberg LP, taking the helm from David Broadway, who until now has led implementation efforts and the subsequent rationalisation of workflows.

Due Diligence Questions at the Dawn of the Era of Sustainability

Questions poured in, panellists shared their insights, thoroughly yet briskly, but our ‘hard stop’ left a number issues less-than-comprehensively explored – such is the breadth of the areas impacted and the depth of the interest shown.

MAS Warns of Slow Recovery

The Singapore economy is expected to see a recovery in 2021, alongside receding disinflation risk, but the recovery trajectory is expected to be gradual and uneven, according to the Monetary Authority of Singapore's (MAS).

HSBC reinforces commitment to Hong Kong, Asia despite geopolitical concerns

The bank itself has not been sanctioned, and experts think it is likely to escape the worst of the potential fallout from the U.S. sanctions.

VOFF calls on ASIC for apology

“The aide memoire document was damning of ASIC and the FSAC [Financial Sector Advisory Council] recommended reform for ASIC, APRA and the Reserve Bank,”

China Issues AML/CTF Guidelines for Microfinance Institutions

The guidelines impose obligations on practitioners to establish and improve AML risk management systems, internal control mechanisms and operating procedures.

SC Malaysia Establishes Task Force to Combat Financial Scams

Malaysian nationals lost a total MYR 914 million (USD 220 million) to scams in the first six months of this year alone, he said.

NZ looks to recognise qualified Aussie advisers

Australian financial advisers can potentially work in New Zealand without meeting the country's qualifications as early as 15 March 2021.

Liquidity remains risk for asset management amid COVID-19

The asset management has emerged ‘intact’ from the COVID-19 pandemic although it has been left at a smaller size thanks to outflows and the downturn in the stockmarket.

Taiwan’s BLF seeks managers for US$3.94 billion global mandates

Applicants for both mandates must have at least $5 billion of total assets globally as of September 30, 2020, and a minimum least three-year track record in the related strategies.

Conyers is shortlisted in the ALB Hong Kong Law Awards 2020

This annual law awards recognizes the excellence and outstanding achievements of Hong Kong’s leading law firms and in-house legal teams, and celebrates top deals and dealmakers over the last year.

Company ownership secrecy prevails in Southeast Asia, UN report says

The United Nations Office on Drugs and Crime recommends strengthening reporting of beneficial ownership information across the region to stop dirty money flows.

Jersey's BIT with the UAE and reflections on investment treaty practice in non-sovereign autonomous regions

Jersey is set to sign its first BIT with the UAE later this year.

Carey Olsen a finalist for offshore firm of the year at ALB's Hong Kong Law Awards

Recognition like this is testament to the hard work of our team and the high level of service we deliver to our clients.

To litigate or arbitrate – that is the question

It remains to see whether those decisions will be mirrored in other common law jurisdictions such as the British Virgin Islands.

Legal, Regulation & Compliance