Managers of Wealth Asia Pacific

Malaysia Seeks Greater 1MDB Settlement from Goldman Sachs

CIMB Chief Steps Down to Take Finance Minister Role

Chinese Regulators Respond to US Threat Against Hong Kong

The new law is now being drafted and is expected to promulgate in Hong Kong in the coming months.

Australia to Further Tighten Foreign Investment Approval Process

In Australia’s case, Frydenberg said the new rules are not aimed at China, and that the foreign investment framework will “remain non-discriminatory”.

New regulation strengthens cyber supply chain security in China

These replace the previous regulations on the security review of network products

MAS' Response to Queries on Fund Flows

The growth in foreign currency deposits has come from diverse sources and for varied reasons.

‘Sins of Omission’ at Heart of Westpac Laundering Breaches

“This saga reveals that major sins were ones of omission and not of commission,” the report commissioned by the bank said.

The HKMA and the banking industry launch the Banking Talent Programme

The Programme targets fresh graduates from local universities who will be offered six-month work opportunities and industry-specific training.

CBIRC Issues Rules for Banks on Handling of Criminal Cases

The measures prescribe that banking and insurance institutions shall undertake primary responsibility for case management.

FASEA approves University of Adelaide Historical Graduate Diploma in Global Wealth Management

FASEA is committed to continuing to assess any further applications received from Higher Education Providers in respect of courses to meet FASEA’s education standard.

Covid-19: Holding the Line - Standstill Agreements and Moratoria

Offshore companies incorporated in Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, the Isle of Man, Jersey and Mauritius are no more immune to the effects of the pandemic

MAS and CAD Commence Joint Investigation into Officers Responsible for Managing Eagle Hospitality Trust

The investigation stems from a referral by the Singapore Exchange Regulation

Shinhan, Hana team up to participate in Africa syndicated loan

Shinhan was recognized for its overseas project financing experience involving wind energy and telecommunications

HK court convicts and fines for unlicensed activities

Unlicensed dealing in futures contracts and asset management resulted in a court conviction.

HSBC says it supports China's security law for Hong Kong

A Hong Kong-based spokeswoman for the bank declined to comment beyond the contents of the post.

Hong Kong Market Assessment as Geopolitical Risk Intensifies

Hong Kong’s Hang Seng Index underperformed and bucked the global risk-on trend spurred by expectation of economies re-opening.

Dealer groups slam FPA policy

The dealer group leaders said the AFSL system has a crucial role to play in the oversight of financial advice, which cannot be limited to product.

MAS Registered RF Fund Management Secured Inaugural VCC Incorporation Strategic Milestone

Leading by example, RF Fund Management's parent company, RF International Holdings, has supported Singapore's digital startup ecosystem, beyond just money and capital.

Cognizant to pay $5.7 million in class-action suit

The latest settlement agreement by the US court requires Cognizant to pay about half of what was estimated as damages by the plaintiffs.

BNP Paribas Chinese Unit Fined for Anti-Money Laundering Violations

The penalties were part of the PBOC’s efforts to ramp up punishment of financial institutions that fail to adequately guard against money laundering.

Taiwan regulator issues guidelines for Prudential unit bidders

The rules, which Taiwan will adopt in 2025, require local insurers to calculate contract liabilities at their present value in order to make it easier to assess their financial performance.

Legal, Regulation & Compliance