Managers of Wealth Asia Pacific

ATO cracks down on foreign investment

As part of its scrutiny of cross-border tax evasion, the Tax Office said it was reviewing schemes that involve foreign companies

Singapore to allow in-person meetings at financial institutions from June 2

The institutions will be able to have more staff on site to meet increased customer needs as some businesses re-open, and to service customers using both online and offline channels.

Thailand central bank governor won’t seek second term, report says

The news report quotes Mr. Rangsan as saying that candidates will be shortlisted by July 2.

China launches 5th central bank bill swap in 2020

Perpetual bonds are fixed-income securities with no maturity date and are not redeemable but pay a steady stream of interests forever.

US regulator settles with Ares

Ares Management LLC is a wholly-owned subsidiary of NYSE-listed Ares Management Corporation, which managed US $149 billion in assets under management at March end.

South Korea:Regulator warns against buying illegal offshore pension plans

The FSS added that a consumer who bought unauthorised foreign insurance products may be subject to a fine of up to KRW10m ($8,060).

Asia's rich brush aside risk to buy Chinese developer debt

Still, there's confidence that Beijing won't allow a property collapse at a time of slowing economic growth.

GSAM targets Hong Kong retail investors

The US-based firm has prepared four SFC-approved products for launch

Hong Kong Bar Association Flags Worrying Uncertainties

Hong Kong’s top officials have already publicly backed Beijing’s call to enact the law while traditional due process through the local legislature has yet to occur.

Thai central bank governor Veerathai will not seek 2nd term

Application for the BOT's top job will be open from May 26 to June 16

Australian wealth manager IOOF says class action to end without payouts

By that time, IOOF had lost half its market value and suffered the departure of its top executives.

Guidance from the SFC and the Hong Kong Stock Exchange in Respect of General-Meetings.

As a consequence, a Cayman-listed issuer in Hong Kong must ensure its memorandum and articles of association contains the relevant requirements for holding annual general meetings in accordance with the Hong Kong Listing Rules.

Ex-Coutts Banker on Trial Over $700 Million Transfer From 1MDB to Jho Low

Coutts among three Swiss lenders fined over 1MDB scandal

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

COVID-19 – Global Implications for Anti-Money Laundering and Counter-Terrorist Financing

With criminals trying to take advantage of pandemic fears, regulators and national governments have warned against an increase in criminal scams and laundering opportunities often associated with crises like the current pandemic.

Abe, Kuroda vow joint action to keep businesses afloat

Then came the joint statement pledging BoJ co-operation with the government after a meeting between Governor Haruhiko Kuroda and Finance Minister Taro Aso.

ERS withdrawals surpass $10bn

The average payment made over the period since inception is $7510.

U.S. Sanctions 33 China Entities

The sanctions will prohibit «export, re-export, or in-country transfer of items» subject to export regulations without authorization from the Department of Commerce.

India’s Money Laundering Agency Finds Proceeds in JPMorgan Case

The Amrapali investigation emerged after a series of petitions by home buyers frustrated over unfinished housing projects.

World Bank calls on Indonesia to take measures to curb debt

The World Bank is among the agencies that Indonesia is exploring as possible funding options, others include the Asian Development Bank and Asian Infrastructure Investment Bank.

Legal, Regulation & Compliance