Managers of Wealth Asia Pacific

Hong Kong media executive says HSBC accounts frozen after arrest

Pompeo was retweeted by Jimmy Lai, the owner of Apple Daily and a fierce critic of Beijing, who was arrested alongside Cheung.

Taiwan CSD Launches Consolidated Access to ESG Ratings

The Dashboard will be delivered on the TDCC Investor Relations Platform, an ESG initiative aimed at encouraging sustainable investing and enhancing companies’ performance on ESG issues.

Aus Unity appoints CIO

Kerr-Smith said Fernandes’ leadership experience would improve the firm’s investment capability during a period of heightened economic uncertainty.

Singapore Asset Manager Plans Indochina Expansion

Evergreen Assets Management is launching a fund to raise S$100 million ($73.27 million) to build on its decades-long track record of doing business in Indochina.

‘Need strategic investments in redesigning anti-money laundering compliance in banking’

The report highlights siloed risk management approaches across banking operations, customer due diligence, sanctions screening and trade-based transactions as the root cause for systemic inefficiencies leading to fraud.

ASIC Ends Years-old Probe into CBA’s AML Breaches

The bank ultimately settled the case for a record AUD 700 million (USD 506 million) penalty.

Rajah & Tann wins Asia-Pacific Firm of the Year

The awards recognised Asia Pacific’s leading law firms in 10 practice areas, seven industries and 25 jurisdictions over the past 12 to 18 months.

Cyprus Papers: secret migration of China’s rich, led by Asia’s richest woman, revealed in leaked documents

Chinese citizens may apply for permanent residency or citizenship in foreign countries, but obtaining citizenship abroad generally means losing Chinese citizenship

Is the Asia passporting scheme on a standstill?

Fund managers are still waiting for the launch of the first ARFP fund.

Malaysia and Indonesia regulators ink fintech pact

The regulators have agreed to establish a “collaborative framework to develop the fintech ecosystem in both markets”, the SC says in a statement on August 24.

Bank of China provides B-loan financing on Kazak ring road

Sixty-six kilometre project will increase transit throughput, reduce local air pollution

Sam Henderson pleads guilty

Former celebrity financial adviser Sam Henderson has plead guilty to three charges of dishonest conduct.

IOOF pitches credentials, synergies for MLC Wealth

The company is due to report FY20 results on Monday, August 31.

FMA releases report into active and passive fund management

The remaining schemes described themselves as mainly passive or mixed, and were generally true to label.

China Reiterates Support for Hong Kong's Hub Status

The statement also welcomed the entry of foreign players into the estimated $45 trillion financial service industry in the midst of a historic opening across futures, securities, and mutual fund businesses.

ADB Supports Philippines’ Financial Inclusion Reforms with $300M Loan

According to the 2017 Global Findex Survey, the Philippines ranked among the lowest in Southeast Asia on almost all financial inclusion indicators.

The HKMA to chair the EMEAP Working Group on Financial Markets for another two years

The re-appointment was endorsed by EMEAP Governors at the 25th EMEAP Governors’ Meeting, held virtually on 19 August.

Offshore structure with online operations in Hong Kong in the digital age – walking a thin line?

Typically, the offshore entity carries on business by way of a fully automated system, while its Hong Kong affiliate provides technical support, such as upkeep and adjustment of its proprietary software, and is remunerated on a cost-plus basis.

Julius Baer partners with Chinese wealth management academy

The strategic partnership between the Institute and Julius Baer will set a good example for the wealth management industry and wealth management education.

Australia Transitions to New Regulatory Regime for Litigation Funders

The new legislative instrument, which commenced from Saturday (22 August), requires litigation funders to hold an AFS licence and subjects them to the same regulations for managed investment schemes.

Legal, Regulation & Compliance