Managers of Wealth Asia Pacific

Harneys named Best Offshore Law Firm – Client Service by HFM Asia

The award affirms the strength and reputation of Harneys’ Asia funds practice, which is one of the most dynamic and fastest growing offshore funds teams in the region.

AUSTRAC Commences Legal Action Against Westpac for AML Breaches

These AML/CTF laws are in place to protect Australia’s financial system

Allahabad Bank gets govt's in-principle nod for merger with Indian Bank

The government in August had announced four major mergers of public sector banks, a move aimed at making state-owned lenders global sized banks.

Hong Kong’s Securities and Futures Commission announces licensing framework for crypto exchanges

In addition, licensed operators will be required to be in the SFC’s regulatory sandbox and subject to close supervision and monitoring by the SFC.

Factual Announces Strategic Partnership With Mitsui

Factuals location data platform helps leading global companies use data to better understand and acquire new customers, measure the effectiveness of their investment in data, enrich their data offerings and improve the customer experience.

Asia Pacific Tax Weekly Newsletter

The KPMG Asia Pacific Tax Centre publishes a weekly Tax newsletter covering tax systems of countries across the Asia Pacific region.

BOK chief calls for bank's preemptive, practical changes

Lee's remarks came as the BOK is moving to create a new policy road map to mark the 70th anniversary of its foundation in June 2020.

China central bank to maintain prudent policy to prevent inflation from spreading

China’s consumer inflation has quickened to a near eight-year high of 3.8 percent,

Remediation bill tops $10b: ASIC

Our interim tally of $10 billion plus is perhaps not out of step when adjusted for the size of our economy.

Competition Authority probes FNZ / GBST merger

This date is the current statutory deadline by when the decision will be announced.

NAB faces ‘significant’ penalties for money laundering breaches

The bank said it self-reported “a number of issues” to the financial intelligence regulator and peer authorities after discovering the problems.

Appleby Advises China Automation Group ON HKD 391,998,649 Scheme Of Arrangement

The privatisation was approved at the meeting of independent shareholders on September 23, 2019 with the Scheme becoming effective on October 24, 2019.

UBS fined $8.2 million by Singapore for misconduct by advisers

The enforcement action followed UBS’ reporting of the misconduct to MAS, and MAS’ subsequent investigations.

Regulator wants Singapore to become hub for digital banks

Bryan TanRavi Menon, managing director of the Monetary Authority of Singapore (MAS), said new "players" would gain access to Singapore's own banking market to help them grow.

China's central bank injects funds into banking system again

The People's Bank of China offered 200 billion yuan (S$38.9 billion) of one-year loans to banks.

DFSA extends MoU with Chinese regulatory body CBIRC

The initial MoU, signed in Beijing on 24 September 2007, facilitated co-operation and information sharing between banking supervisors.

State Bank of Pakistan fines HBL over non-compliance of regulatory requirements

This is not the first time the central bank has fined HBL.

Strong endorsements for Carey Olsen's Bermuda, BVI and Cayman Islands practices in Legal 500

Lawyers and teams from across Carey Olsen's Bermuda, British Virgin Islands (BVI) and Cayman Islands offices have been recognised in the 2020 edition of Legal 500 Caribbean. In total, 24 of the firm's lawyers have featured in this year's ra

As recession takes hold, Hong Kong banks worry about risk of easier mortgage rules

But as the protests take a heavy toll on the special administrative region's economy, banks fear a deepening recession, unemployment and bankruptcies, which could make it hard for borrowers to pay them back, two bankers said.

Hong Kong protests prompt Citigroup to warn employees to avoid 'dangerous situations' after banker arrested

An officer accuses him in Cantonese of illegal assembly and says he is being arrested. The man tries to walk away and eventually to run away.

Legal, Regulation & Compliance