Managers of Wealth Asia Pacific

Audit inspection findings: 12 months to 30 June 2019

ASIC will adopt a more intensive supervisory and regulatory approach in this regard.’

APRA releases MySuper heat map

The prudential regulator has finally published its long-awaited heat map for MySuper products, with deputy chair Helen Rowell saying it's likely many in the industry will feel uncomfortable.

IOOF, ANZ transaction gets green light

The regulator said the decision recognises IOOF's progress in strengthening governance structures and management of conflicts within its existing RSE licensees, in response to additional license conditions imposed by APRA in December 2018.

Visa partners with Global Processing Services to grow FinTech startups scaling in Asia Pacific

GPS is best known for providing the ‘tech behind the tech’ for many of the UK and Singapore’s most notable challenger brands, including Revolut, Railsbank, and Starling.

AMP to cut contribution fees

The first round will see the fees removed from: Flexible Lifetime - Super, Flexible Lifetime - Investment, CustomSuper, Super Directions, Tailored Super and Simple Super.

TMF Group acquisition paves the way for new opportunities along the China-German economic corridor

We look forward to playing our part in building that proposition, working with our new colleagues and continuing to support German, European and other international businesses with their investments in China, and vice versa.

Strong showing for Ogier in Chambers Asia Pacific 2020

Ogier has retained its position overall in the region

Money laundering battle drives Japan banks to JPMorgan’s payments network

IIN is among several initiatives being developed using digital technology to speed up global money transfers.

ASEAN Regulators Are Shoring Up Climate Safeguards: WWF

It details fundamentals changes to the climate and environment that have already had “significant financial repercussions” and to which Southeast Asean countries – and their banks – are particularly exposed.

ASIC accuses Pershing Securities Australia of breaching client money obligations

The matter was listed for first mention today in the Downing Centre Local Court in Sydney.

Indonesia c.bank to relax lending rules, sees room for more rate cuts

Benchmark rate has been cut 4 times by 100 bps in 2019 (Adds details about planned changes to lending rules, more comments, context)

2 ex-aides of Japan LDP legislator investigated over alleged foreign exchange violations

According to the sources and a corporate registry, the former policy secretary to Akimoto set up a company in Tokyo to train show business entertainers in 2011 when Akimoto did not occupy a seat in the legislature after losing in an election.

'It's still potent': Fidelity’s Anthony Doyle on why RBA QE will be avoided

Mr Doyle doesn’t expect cautious behaviour will be sustained over the longer-term

ASIC updates responsible lending guidance

Following an extensive consultation, ASIC has updated Regulatory Guide 209

Ten key regulatory challenges of 2020

Financial services risk across business imperatives

Dynamic Business: ANZ on building a back up bank

All of those architects and engineers are Wellington and Auckland locals, and they're very familiar with massively complex, high-pressure projects like this.

AMP cuts ongoing advice agreements

At the start of the new AMP annual agreements, clients and advisers will explicitly agree on fee arrangements and the specific services to be provided.

ACCC immunity deal questioned by court

Presiding magistrate Jennifer Giles labelled the prosecution's case as "completely opaque" in terms of the timeline of events and how Galvin was granted immunity.

Japan firms back tighter foreign ownership reporting rules: poll

The move, reflecting concern that China could gain access to key technology and confidential information

Q3 2019 Cryptocurrency Anti-Money Laundering Report

It will no doubt have implications as regulators seek to have KYC information shared globally.

Legal, Regulation & Compliance