Managers of Wealth Asia Pacific

ASIC cancels licence of Viridian Equity Group Pty Ltd

As a result, on 17 April 2025, ASIC cancelled Viridian Equity’s AFS licence.

Financial services provider penalised $11 million over “cookie-cutter” advice and conflicted bonus payments

The Court also found that the bonuses paid to the three advisers

UK’s FCA to open first ever offices in US and Australia

Major international investors ‘want easier access to us’

ASIC fines Chapter Two Holdings for misrepresenting debt management outcomes offered to consumers

ASIC alleges that these statements were false or misleading as Chapter Two was not able to substantiate the figures, nor was there a reasonable or evidence-based justification for the statements.

APRA and ASIC publish latest data on life insurance claims and disputes - December 2024

ASIC’s MoneySmart Life insurance claims comparison tool has been updated with the latest data.

IQ-EQ enters the ANZ market with AMAL Group acquisition

The acquisition supports IQ-EQ’s strategy to expand its global corporate trust and loan servicing business and enter into key new growth markets.

ASIC suspends AFS licence following change of ownership

The AFS licence was suspended because it had ceased carrying on a financial services business.

HKMA, HKPF and HKAB jointly announce new measures to strengthen the response to fraud and money laundering

Fraud has been growing in scale and complexity, and the use of technologies has enabled criminals to take advantage of people at speed and scale, amplifying the threat.

SFC Sets Out Staking Guidance for Licensed Virtual Asset Trading Platforms and Authorised Virtual Asset Funds

The latest guidance allows VATPs to expand product and service offerings, one of the five pillars set out in the SFC’s “ASPIRe” roadmap to develop Hong Kong’s virtual asset ecosystem (Note 2).

Singapore’s New Family Office Scandal Prompts Questions in Parliament

The new family office scandal sweeping through the city-state’s justice system appears to be nearing a watershed, at least in the public eye.

KPMG Spins Off Blockchain Platform as New Startup OriginsNext

Independent venture to expand track-and-trace compliance across industries

Banks ring recession risk, while China stimulus hopes emerge

As Trump’s aggressive tariffs roil markets and heighten fears of a US recession, Pictet Asset Management slashes risk outlooks, forecasting an 11% S&P 500 plunge.

Advice licensees pay penalty for authorising advisers who gave advice while unregistered

ASIC acted because it had reasonable grounds to believe that the AFS licensees, had authorised a financial adviser who gave personal advice to a retail client in relation to relevant financial products while the adviser was unregistered.

HKMA and banking sector support SMEs from various industries

Up until the end of March 2025, the Taskforce has received around 590 enquiries and cases from various industries through different channels, of which nearly 90% have been handled.

Appleby Celebrates Recognition in Nine China Business Law Journal Deals of the Year 2024

We are honored to receive recognition for these landmark deals

APRA accepts Court Enforceable Undertaking from ANZ and increases capital add-on to $1 billion

APRA has also increased the capital add-on applied to ANZ from $750 million to $1 billion.

APRA and the RBA release joint statement on the use of the RBA’s overnight standing facility

APRA and the RBA consider the use of the overnight standing facility by banks to be consistent with routine liquidity management activities.

What small businesses need to know about sustainability reporting requirements

These new rules require large businesses and financial institutions to disclose information each year

Hong Kong Academy of Finance admits participants for the Financial Leaders Programme 2025

The FLP offers a unique opportunity for participants to engage in dialogue with top leaders in financial services and other sectors.

Japan's Core Consumer Prices Surge Above Central Bank Target

Despite government subsidies, inflation pressures prompt speculation on interest rate hikes.

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