Managers of Wealth Asia Pacific

Regulators to boost cross-border private fund flows

Sector posted steady growth during the first quarter of 2020 despite Covid-19

UK's CISI partners with Philippines in effort to combat money laundering

All individuals who work with money, directly or indirectly, are required to evidence their compliance with AML/CTF training and assessment annually.

Westpac dumps EY for risk review

The bank used the opportunity to trumpet the appointment of 25-year Westpac veteran Les Vance as the bank’s new group executive financial crime, compliance and conduct.

Stepson of Malaysian ex-PM Najib could testify against him in 1MDB trial -prosecutors

Riza’s lawyer did not immediately respond to a request for comment.

Shadow lenders get India central bank’s exceptional lifeline

The move follows a lukewarm response to previous attempts to steady these lenders, which have been reeling under a cash crunch for almost two years.

New requirements to lodge information on Singapore's register of registrable controllers deferred to July 2020: ACRA

July 2020: RORC now required to be lodged with ACRA with limited access rights

SFC Fines Southwest Securities for AML/CFT Failures

In some cases where third party deposits were identified by SSBL, the clients' relationship with the third party depositors (eg, friend) and the reason for these deposits (eg, busy at work) provided by the clients failed to explain the rationale for

Competition Commission Signs Memorandum of Understanding with Securities and Futures Commission to Strengthen Cooperation

This is the CC's first MoU signed with a financial regulator, and represents a milestone in its endeavours to adopt a joined-up approach with relevant sector regulators in promoting competition and combating anticompetitive practices.

Malaysia’s EPF okays 1.66 billion ringgit of early withdrawals by cash-strapped members

The EPF has approved early withdrawals by 3.51 million or 46.2% of its members under the i-Lestari scheme.

Ant Financial forms partnership with FinTech Wave Money

As part of this partnership, Ant Group plans to invest USD73.5 million into Wave Money to become a substantial minority stakeholder, alongside the aforementioned existing contributors.

Bridgestone South Africa secures US$21.7 million loan with JBIC

Development bank aims to boost Japan’s competitiveness, connectivity with Africa

Australia approaches fiscal cliff: UBS

"The total cumulative fall over the seven weeks since March 14 is now 7.3%,

Regulator Demands Access to Credit Suisse Text Messages

The investigators want to know whether the managers used an encrypted-messaging system to keep the content secret

South Korea's SEMA seeks advisers to help set up 500 billion won multi-asset strategy

SEMA’s equity portfolio posted a return of 11% last year, recovering from a 27.6% loss in 2018 and boosting its overall investment return to 8.15% from 1.66%.

Franklin Templeton’s India unit seeks investor okay to liquidate funds

The six funds had a combined net asset value of over 250 billion rupees (US$3.29 billion) when they were shut on April 23.

FSC Korea Targets ASEAN Expansion in Financial Hub Plan

Under the plan, the FSC will foster the fintech industry through funding support and through “creating a virtuous cycle between the financial regulatory sandbox program and regulatory reforms.”

FSC, central bank agree on OBU rule

Currency Benefits: Commission chairman Wellington Koo said that as Taiwanese firms’ registrations might not be approved abroad, they could open accounts here

ASIC revokes AFSL suspension, cancels another

ASIC cancelled the AFS licence because Tailormade was in liquidation.

Singapore central bank spearheads S$6 million grant for fintech firms

There are two components to the grant.

Coronavirus: Asian companies seek emergency cash via rights issues to plug holes in balance sheets

Companies from Singapore to India raises billions via rights issues

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