Managers of Wealth Asia Pacific

Maples Group Excels Winning Six China Deals of the Year 2023

In a year marked by intense competition, this is a remarkable achievement for the Maples Group.

ASIC cancels AFS licence of Suetonius Wealth Management Pty Limited

ASIC had suspended Suetonius’ AFS licence from 17 November 2023 to 28 February 2024

ASIC and APRA release a cross-industry information package on the Financial Accountability Regime

The regulators intend to engage further with industry as part of the consultation and implementation process over coming months.

APRA removes National Australia Bank’s operational risk capital add-on

APRA is now satisfied that NAB has completed its remediation program and adequately addressed the issues raised in its risk governance self-assessment.

1MDB scandal has consequences worth millions for Ticino bank

But the verdict is just another step in the corruption scandal surrounding the Malaysian sovereign wealth fund 1MDB, as it turns out.

APRA and ASIC issue final rules and further guidance for the Financial Accountability Regime

In doing so, the FAR aims to improve the risk and governance cultures of those financial institutions.

Hong Kong’s ‘cutting-edge’ central bank digital currency pilot burnishes blockchain credentials, boosts international financial hub status, HKMA’s Yue says

‘We’ve always been at the cutting edge of the whole blockchain evolution, including CBDCs,’ Hong Kong Monetary Authority CEO tells the Post

APRA revokes Islamic Bank’s restricted banking licence

Islamic Bank’s decision to request a revocation of its restricted ADI licence does not prejudice any future application it may make for a restricted ADI or ADI licence.

Fraudulent website and phishing instant messages related to Fubon Bank (Hong Kong) Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

ASIC shuts down nearly 3,500 scam websites, steps up surveillances in push to protect consumers

That’s why ASIC is stopping investment scams at the source of their promotion, removing them from the internet before they can lure in unsuspecting consumers.

Finance lobby group calls for bolder overhaul of Wealth Management Connect scheme to boost Chinese investments

The investment quota for individuals should be raised to 8 million yuan (US$1.1 million) from 3 million yuan, says the CEO of ASIFMA

Harneys advises Finfront and Bitfufu on de-SPAC merger and NASDAQ listing

BitFuFu is a fast-growing digital asset mining service and a world-leading cloud mining service provider.

Website Alert – Fraudulent websites related to CMB Wing Lung Bank Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

Appleby's Hong Kong Office Advises J-Long Group Limited

The Appleby team, led by Partner Chris Cheng and assisted by Legal Executive Connie Wu, played a pivotal role in facilitating this strategic move.

ASIC cancels AFS licence of NextGen Financial Group Pty Ltd

Under the Corporations Act, ASIC may suspend or cancel an AFS licence without a hearing if the licensee is under administration or is being wound up.

Insurance Brokerage M&A: Key Regulatory and Deal Considerations amid Continuing Consolidation and New Entrants in Hong Kong

Despite the overall reduced insurance M&A deal volume in 2022 and 2023, insurance brokerage continues to top the most active segments within the insurance industry.

Hong Kong Banks Need to Get Serious about Malware

It certainly sounds like the Hong Kong Monetary Authority and the police have put a gun to the head of most of the city’s retail banks.

Record of Discussion of the Meeting of the Exchange Fund Advisory Committee Currency Board Sub-Committee held on 11 January 2024

The Report on Currency Board Operations for the review period is at Annex.

Another Suspect Accused of Cheating StanChart

All six of the charges were related to documentation submitted to Standard Chartered in 2021.

Risk, compliance staff in hot demand

Experience across investment and market risk, investor reporting, enterprise and operational risk, ESG and sustainability risk, operational due diligence, and financial crime and cybersecurity are among the key skill sets in demand.

Legal, Regulation & Compliance