Managers of Wealth Asia Pacific

Banks should come out of their silos and deploy new tech

It is a fact that fighting financial crime is costly and difficult.

Chinese Investors Look to Greece for Controversial ‘Golden Visas’: Report

Nearly 60 percent of the visas granted since January 2018 have gone to Chinese investors, while visas granted to Turkish investors have also risen sharply over that period, the New Zealand-based media outlet reported.

FSA and ASIC agree to strengthen cooperation post-Brexit

The FCA and ASIC also support the continuity of existing equivalence decisions to provide certainty to businesses post-Brexit.

The impact of China’s new Foreign Investment Law

This bulletin analyses some of the open questions.

Duterte has ill-gotten wealth? File charges, Panelo says

Panelo, who is also Duterte’s chief legal counsel, stressed that the law only required public officials to “file” and not to “explain” increases in their income.

Responsibility boundary among asset management players

At the heart of the investor suitability obligation is the prohibition on asset management firms against recommending high-risk products to investors of low risk-bearing capacity, where there is a mismatch between the risks and their capacity.

Gam moves to limit bond fallout in Asia

Asia head Rossen Djounov explains Asia-Pac damage control, lessons learned and the firm’s regional plans.

Tech giants face fines of up to $1m for failing to remove fake news under new Singapore law

It will also force tech platforms to disable fake accounts operated by bots and block advertisements on fake news sites, thereby cutting off their revenue streams.

Malaysian ex-PM pleads not guilty in graft trial

It is just a fraction of the hundreds of millions of dollars that he allegedly stole.

Philippines news site chief pleads not guilty to tax evasion charges

The Department of Justice in October indicted Ressa, and online news platform Rappler (www.rappler.com), for attempting to evade taxes by not reporting gains of almost $3 million in the company’s 2015 tax returns.

Outlook for 2019: cross-border M&A and post-merger integration

Unfeasible expectations can dampen or even derail the transaction.

AMP slapped with extra conditions by Australian regulator

Licensees were given a two-year transition to obtain a licence variation for authorisation

RBI moves to push growth

Repo rate cut will boost property sector, investment

S. Korean May Allow Fintechs to Enter Brokerage Business

The return on equity at South Korean brokerage firms in the last five years average

SFC Finalises Guidelines on Securities Margin Lending

The SFC’s had proposed for brokers to put in place prudent controls to prevent excessive leverage and over concentration both in terms of securities collateral and individual margin clients.

That curious Chinese regulation about IPO sponsors also owning stakes? It’s ‘temporary,’ says nation’s biggest investment bank

The bank, which counts two of China’s largest tech companies Tencent and Alibaba as among its major shareholders, said it can strike a balance between their interests

Legal, Regulation & Compliance