Managers of Wealth Asia Pacific

UK launches stock exchange link with Shanghai

Signed in Madrid at the International Organization of Securities Commissions last year

HKMA Sets Out AML/CFT Best Practices for SME Onboarding

An independent consultant was commissioned to undertake the thematic review between late 2017 and 2018, assessing AIs which collectively account for a significant market share of the SME customer segment.

Global giant wants to cut big four’s lunch

Alex Syhanath, Citi’s head commercial banking arm in Australia, says the venture will court mid-market businesses.

ASIC approves AFCA rules change

AFCA will be able to deal with certain complaints about misconduct which it could not previously deal with.

Cagamas steps up activity as Malaysia sentiment improves

Datuk Chung Chee Leong, President/Chief Executive Officer of National Mortgage Corporation of Malaysia, discusses agency's bond and sukuk issuance, risk management and investor relations

MAS issues prohibition orders against ex-UBS employee for forgery

MAS’ investigation found that Mr Michele had falsified emails on such background checks.

South Korea’s Pension Fund to Adopt New Hiring Policy Amid Staff Exodus

The NPS has been having trouble attracting experienced portfolio managers — so it’s looking at training its own.

Australian regulator slaps stricter conditions on AMP's pension funds

The new directions and conditions are designed to deliver enhanced member outcomes by requiring AMP Super to make significant changes to its business practices.

Can another 1MDB happen again?

The scandal has led to an eight to nine percent increase in the cost of anti-money-laundering compliance for companies over the past two years – and the amount is expected to rise by a similar percentage this year according to a recent survey

President Duterte vows to go after big, powerful landowners

The President also criticized communist rebels who carry out their own version of land reform.

ED moves NCLT to stop liquidation of Winsome Diamonds

The ED wants the liquidation to be halted as it is in the midst of establishing the money trail that led to an alleged loan fraud of $1.26 billion (around Rs 8,800 crore) by the company in 2013.

UBS puts economist on leave after pork comments offend China

The Swiss bank is reviewing the matter and evaluating whether more steps need to be taken, a spokesman said by email.

Singapore's GIC ties up with local firm to build data centre in Indonesia

It will adopt a hyperscale model, to be leased on a large, long-term basis to wholesale clients," the fund says

ASIC FAR, advice industry contract

The significant decline is likely a combination of natural attrition and also multitude of reforms impacting the industry at present such as education standards and changes to advice remuneration.

UAE, Hong Kong sign agreement on the mutual promotion and protection of investments

The agreement was signed by H.E. Younis Al Khoori, Undersecretary of MoF and H.E. Dr. Bernard Chan, Undersecretary for Commerce and Economic Development, Hong Kong, in the presence of officials from both sides

Diamond group credit fraud investigation leads Indian authorities to Macau

The former Winsome Diamonds Director has justified the default by stating that that the group’s customers in the Gulf region were hit by derivatives and commodities trading losses of US$1 billion and were unable to pay him.

Hong Kong, Singapore Cooperate on Personal Data Protection

We look forward to strengthening our working relations

Taiwan registers 44% surge in insurance complaints

Sales agents giving false information regarding policy coverage, guaranteed interest rates or regulations on premium payments made up the majority of non-claims-related cases, it said.

ANZ cleared of $50m fee bungle

It had provided the documented annual reviews from January 2014 to March 2018 to required clients and is expecting to complete remediation by mid-July for 1410 instances where annual reviews were not found to have been provided.

AMP Super, board slapped with licence conditions

The new directions will force AMP Super to renew and strengthen its board.

Legal, Regulation & Compliance