Managers of Wealth Asia Pacific

Chinese Jeweller Kingold Probed for Historic Fake Gold Bar Fraud

16 billion yuan ($2.3 billion) of outstanding loans are being backed by 83 tons of allegedly fake gold bars.

Offshore Business Update: Hong Kong

In particular we will focus on the impact to filings, ability to conduct searches, certificates of good standing, other relevant searches, court sessions, travel restrictions and the implications for Economic Substance compliance and residency.

National security law: could Singapore take Hong Kong's finance crown?

But MAS stressed the deposits had come from a variety of sources and were not overwhelmingly from a single region or country.

Pandemic takes the shine off China's Belt and Road Initiative

But Chinese Foreign Minister Wang Yi was more optimistic, noting that the impact of the disease on belt and road projects was not massive.

CBA Staff Give $2 Million to Organisations and Charities Across Australia

For over 100 years, the CommBank Staff Foundation has been supporting youth-focused organisations through the Community Grants Giving Program.

Ex-Malaysia PM Najib seeks to strike out 1MDB audit charges after amendment

The case is one of many that Najib faces for his alleged role in 1MDB, the Malaysian state fund that is at the centre of global investigations into corruption and money laundering.

MAS Consults on Environmental Risk Management Guidelines for Financial Institutions

The Guidelines aim to enhance financial institutions’ (FI) resilience to environmental risk, and strengthen the financial sector’s role in supporting the transition to an environmentally sustainable economy, in Singapore and in the region.

Time to audit and consolidate Financial adviser regulation

Advisers must also look to the cost of running the Australian Financial Complaints Authority and the Tax Practitioners Board

China Regulator Issues Record-High Penalty

Chinese Regulators Kickoff Era of Larger Fines

U.S. Senate Passes Hong Kong Bill with Bank Sanctions

Uncertainty continues to loom over the proposed national security law in Hong Kong.

Commercial Bank Dubai and Thunes partner to offer real-time international remittances

Through this partnership with Thunes, Commercial Bank of Dubai will be able to cater to corridors such as India, Philippines, Pakistan and Bangladesh

Digital wealth firm receives Hong Kong licence

It will be able to offer services to retail clients in the Special Administrative Region

Cambodia regulator to study feasibility of commodities and futures market, report says

Spokespersons for the SECC did not immediately respond to questions from Asia Asset Management.

Thailand central bank governor application deadline may be extended, report says

The panel will then draw up a shortlist which will be presented by July 2 to Finance Minister Uttama Savanayana, who will select the candidate and seek Cabinet approval

New Zealand Regulator Sues CLSA

CLSAP NZ was formerly known as KVB Kulun New Zealand before it was acquired by Citic Securities through a $100.6 million acquisition of a majority stake in 2015 and renamed.

Philippines launches probe into Wirecard’s phantom billions

The Munich prosecutor’s office declined to comment, as did the court that would need to approve any arrest warrant.

CBDCs Could Amount to ‘Sea Change’ for Payments: BIS

Central banks, as guardians of the safety and integrity of the payment system, must keep evolving to meet the challenge of rapidly accelerating digital innovation, the BIS says.

WongPartnership’s lawyers listed in "Top 100 Women in Litigation" by Benchmark Litigation Asia-Pacific 2020

We are happy that our partners have received these awards which are testament to their dedication and professional excellence.

JPMorgan gets China's nod for first fully foreign-owned futures business

The China Securities Regulatory Commission (CSRC) said in a statement posted on its website the approval would bring in more qualified foreign players.

Former Wirecard chief arrested over missing €1.9bn

Chief operating officer, Jan Marsalek was sacked hours later after the management board’s statement, as he was suspended from the board last week.

Legal, Regulation & Compliance