Managers of Wealth Asia Pacific

US government pension fund urged to reverse China investment

Senators say FRTIB is supporting Beijing’s military, espionage and security efforts

ASIC sues NAB for unlicensed home loan introducers

n one of the first pieces of litigation as a result of the Royal Commission, the Australian Securities and Investment Commission (ASIC) has sued the National Australia Bank (NAB) for dealing with unlicensed home loan introducers.

Taiwan's efforts to fight money laundering hailed by regional organization

Annual meeting of Asia-Pacific Group on Money Laundering held in Australia last week 865 google_plus_share

Hong Kong Judge Orders Confiscation of Former UBS Exec's Bribes

Although Tu did not make a remark of “20 per cent” on the trade summaries, the client understood that he had to pay about $850,000 to Tu.

Global businesses stick to caution in Hong Kong

They find there is a heavy price to be paid in access to the mainland if they don’t

Carey Olsen among finalists at ALB's Hong Kong Law Awards

Winners of the Macallan Asian Legal Business Hong Kong Law Awards 2019 will be announced at a ceremony at JW Marriott Hotel Hong Kong on Friday 6 September.

DC Circuit Court Requires Subpoenaed Chinese Banks to Produce Documents in Money Laundering Case

The banks requested that the US government submit a formal request for the records to the Chinese government through the Mutual Legal Assistance Agreement.

Malaysia has to loosen rules to grow Islamic investments abroad, fund managers say

The flows must be both ways. For as much as we can attract the money to come here, we should also allow the funds here to go abroad to seek better returns," Mr. Taufiq says in an interview with Asia Asset Management

ASIC wealth management investigations soar by 216%

Crennan, who is also the sponsoring commissioner for ASIC’s Office for Enforcement, said he hoped the use of regtech would lead to a fall in the number of ASIC enforcement actions

World Bank issues second tranche of blockchain bond

The subsequent issuance builds on the success of the platform taking the total capital raised to A$160 million and further enables capital markets to leverage distributed ledger technologies for faster, more efficient, and more secure transactions.

The ridiculous new laws that could see Australians JAILED for paying cash sums of more than $10,000 - as fears mount of a 'destructive' recession

Since the Federal Government first announced the proposed law during the 2018-19 budget, critics have openly slammed the idea.

Super fund renews admin contract

The key terms of the contract include a fixed core fee in conjunction with variable based fees for core engagement services, transactional fee and fee for service charges for additional services.

IOOF establishes super trustee office

Specifically, IOOF pointed out it has now actioned four items relating to the implementation of the Office of the Superannuation Trustee, which it failed to set up before its March 31 deadline earlier this year.

DLF Investors Could Lose 95% of Principal If Interest Rates Remain at Current Level

DLF and DLS products are derivatives linked to the interest rates of major countries.

ASIC to review industry transition towards ending grandfathered remuneration for financial advice

ASIC will also investigate any impediments to this transition, and the extent to which benefits are being passed on to affected clients.

The views of participating shareholders prevail in solvent liquidations

As a matter of general principle, the court accepted that in the context of an investment fund

Appleby Helps Over 1,500 Clients With Economic Substance Tool

We pride ourselves in providing comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients

China’s Central Bank Bids to Join the Grown-Ups

Setting a regular date and time for a new rate brings Beijing closer to peers such as the Federal Reserve and European Central Bank.

ASIC accelerates enforcement

In the same period last year, just 68 people were banned from providing financial services or credit.

80 Percent of Thai Wealth Held Onshore

Lombard Odier’s ventures into building onshore revenue lines have been supported not only by its investment capabilities but also through effective delivery to meet non-investment needs.

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