Managers of Wealth Asia Pacific

Singaporean tycoon sues Concord Pacific president for $245 million

Oei and his companies, Hong Kong Expo Holdings Ltd. and Canadian Metropolitan Properties Corp., filed a notice of civil claim in BC Supreme Court on March 3

Challenging times: The effect of an economic downturn on divorce settlements

Particular care should therefore be taken in such an economic environment.

KPMG makes note of Key Risk and Regulatory Developments

Moving on from Covid-19, Data standards are discussed, as the SFC is seeking to standardise the data that Licensed Corporations need to hold and produce

India: Yes Bank Co-founder Arrested Over Illicit Kickbacks

The central bank has superseded the bank’s Board, placed a 30-day moratorium on it, and imposed a INR 50,000 limit on cash withdrawals – while it finalises a rescue plan.

Life insurers breach own code consistently

"I applaud the LCCC for taking these breaches seriously and for using them to identify the continuing systemic problems within the industry."

Tardy price disclosures a risk to watch in private banking chase

In the 31-page report, the regulator detailed observations from thematic inspections of unidentified private banks in Singapore, and set out supervisory expectations.

Will India’s Proposed Data Protection Law Protect Privacy and Promote Growth?

To better balance privacy and innovation, India’s data protection legislation must be narrowly focused and designed to protect individuals and society against any injury resulting from data processing.

JPM AM to launch two equity products in Singapore

This move comes after the firm registered a multi manager hedge fund with the MAS in January.

Hong Kong's stricter ESG disclosure rules may lure Western investors

The Hong Kong Exchanges and Clearing Ltd unveiled the new rules in December.

Singapore banking sector downgraded by analysts as the Fed slashed rate

The analysts also accounted for the “highly probable” 25 to 50 basis point rate slash in the upcoming Federal Open Market Committee meeting. They opined that “the resilience in Singapore dollar rates may falter”.

Australia: ‘Perfect Storm’ of Regulatory Change Squeezing Smaller Banks

COBA is additionally calling for the government to “think carefully about phasing and targeting” the wave of regulatory change already queued up for implementation over the next few years.

IFC invests in Bank OCBC NISP gender and green bonds

Investment aims to reduced gender inequalities and help Indonesia reach greenhouse gas emission targets

ACC okays charge sheet against ex-AB Bank chair, 7 others

The commission director for public relations Pranab Kumar Bhattacharjee said that the commission’s investigation found that the money was siphoned off to the UAE by two business firms.

AUSTRALIA: Expanded definition of significant global entity proposed

The changes originally were announced as part of the 2018-19 Federal Budget.

Philippine Lawmakers Warned of Urgent Need to Pass AML Reforms

If the AMLA amendments are not passed, the Philippines will be grey-listed.

Banned advisers still working in advice: FPA

The FPA has released its submission on the proposed legislation

Fiscal Policies to Protect People During the Coronavirus Outbreak

This blog is part of a special series on the response to the coronavirus.

India's Yes Bank founder arrested on money laundering allegations

Yes Bank confirmed the arrest.

PHL laws have ‘no teeth’ to check money laundering, financial crimes–DOF chief

The finance chief pointed out that tax evasion and other financial wrongdoings are not among the predicate crimes listed under the law and enable AMLC to examine bank accounts after securing a court order.

Graft court affirms Marcos wealth rap dismissal; government appeal junked

The anti-graft court said the PCGG failed to show proof that the original copies of the photocopied documents presented as evidence had been lost, destroyed or could not be produced in court.

Legal, Regulation & Compliance