Managers of Wealth Asia Pacific

Former Apogee, GPS Wealth advisers banned

Khaw, a former authorised representative of Apogee, was not adequately trained or competent to provide financial services and was found to have backdated file notes, ASIC said.

Islamic banking rules to be OK’d this month

The draft rules have been presented to the banking industry for feedback and the final version will be approved by the policy-making Monetary Board before they are released this year, Ms. Ala said.

MAS, Bank Indonesia extend US$10b bilateral financial agreement

The arrangement was established in November 2018 to enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability.

Hong Kong sets out new regulatory framework for virtual asset trading platforms

The position paper emphasises that the SFC will only grant licences to platform operators which are capable of meeting robust regulatory standards.

ASIC zeroes in on SMSF auditors

New South Wales auditor Richard Hennessy is now required to have his audits reviewed by another SMSF auditor.

Joko Widodo urges bankers to help stimulate economy

Mr Joko echoed Cabinet members in his administration, saying the country should be grateful for above 5 per cent growth rate when other economies are seeing much slower growth or even contraction.

China, Hong Kong to Establish Wealth Management Connect Scheme

The HKMA will work with Mainland authorities and the industry to formulate the implementation details of the new scheme, with a view to launching it “as soon as practicable”.

Asian businesses looking at Qatar for opportunities: QFC

It also included a seminar ‘Business and Investment Opportunities in Qatar through the QFC’, where senior officials provided an overview of the multi-billion-dollar investment opportunities available to businesses in Qatar

Malaysian fugitive financier holds Cyprus passport – report

According to Politis Low came to Cyprus in September 2015 and obtained the passport under the citizenship by investment scheme within two days after investing in some property in the Famagusta district.

Mahathir Says No to Goldman's 1MDB Offer

U.S. authorities say about $4.5 billion was siphoned from 1MDB

Malaysian government to make a claim over 1MDB Assets

Following the settlement by the United States Department of Justice in the recovery of now-defunct state fund 1Malaysia Development Berhad, the Malaysian government will make a claim on the assets acquired by Jho Low

Singapore’s space tech sector is redesigning the way governments approach extraterrestrial operations

The ASEAN region does not have any major government projects involving space research.

AUSTRAC: Mutual Banks Face High Money Laundering Risk

Smaller mutuals may be less exposed to many vulnerabilities due to the lower value and number of transactions they facilitate, the report said.

BOJ chief opens door to deeper negative rates

Japan's central bank keeps policy unchanged despite U.S. rate cuts

FASEA funding drying up

Over the past three years the bulk of FASEA’s funding has come from seven of the banks plus AMP

ASIC called out over super fund disclosures

Taking to Twitter, Cooper said: "How many free kicks can the super industry get? This was, I might remind everyone, first recommended in mid-2010 after a very compelling submission...pointing out how Australia lagged behind many other comparable jur

1MDB scandal: mastermind reports from the underground

Low is on the run - which did not prevent him from commenting on finews.ch through a London-based PR firm .

Guernsey continues China captive market development

“Another distinguishing factor is the existing co-operation agreements between Guernsey and China.”

Indonesia regulator may create rules for multi-class funds, report says

A class A fund typically requires higher minimum investments but charges lower fees, while it’s the reverse for a class C fund.

SSGA readies 10 funds for Hong Kong launch

They include a mixture of active and passive products covering a wide range of global equity markets

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