Managers of Wealth Asia Pacific

Cayman trust caught in Australia's 'Watergate' scandal

Eastern Australia Irrigation shareholders were reported to be a number of major investment funds based in Hong Kong and the UK.

India revamps beneficial ownership disclosure rules

Failure to disclose can result in fines or even imprisonment for the SBO.

Former AMP adviser pleads guilty to stealing client funds

He has pleaded guilty in the NSW District Court, Australia, to three counts of dishonestly obtaining client funds under the NSW Crimes Act.

StanChart Faces Potential Investor Revolt Over CEO Pay

Shareholders are set to vote on StanChart's 2019 pay policy at the lender's annual shareholder meeting in London.

Hong Kong Moves to Green Up Financial Sector

The authority will partner with international organizations to offer technology support for Hong Kong banks and assess their green finance practices.

$45b to be transferred to GIC from foreign reserves: MAS

Funds to support longer-term investments with higher returns

Industry fund fined over independent advice claims

The payment of the Infringement Notice is not an admission of a contravention of the ASIC Act.

Regulators urge financial institutions to plan for LIBOR transition

The financial regulators expect all institutions that currently rely on LIBOR to consider the impact of LIBOR transition on their business.

Australia Pension Giant Doubles Down on Push for Woman Directors

It has given them until their annual meetings in October-November to show progress, or it will start voting against directors up for re-election, Gray said in an interview.

Chinese family office obtains SFC licences

Hefeng Family Office is now able to conduct advisory and asset management activities in Hong Kong.

BSP: Investors urged to set eyes on Philippines, Asia's next economic powerhouse

This is despite challenges posed by the global economy, including trade tensions between major economies.

Hong Kong pledges support for green bonds

Similarly, a spokesperson for Financial Services and the Treasury Bureau of the HKSAR government

How the International Monetary Fund is waking up to the financial risks of the climate crisis

The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.

1MDB scandal: Malaysia sends ex-Goldman banker Roger Ng to US to face charges

Huge sums of public money were stolen from Malaysian state fund 1MDB and used to buy everything from yachts to artwork

Philippine FIU Seeks an End to Bank Secrecy Law

For years multiple officials have lobbied for easing bank secrecy rules.

Singapore could be next to issue virtual banking licenses, says DBS

Among the firms to receive virtual licenses in Hong Kong, three have partnered with financial institutions such as Standard Chartered Plc, BOC Hong Kong Holdings Ltd. and ZhongAn Online P&C Insurance Co. Fintech firm WeLab Holdings Ltd. has also recei

Central Banks of Canada and Singapore conduct successful experiment for cross-border payments using Distributed Ledger Technology

The Bank of Canada and MAS have been collaborating in the use of Distributed Ledger Technology and central bank digital currencies to make the cross-border payment process cheaper, faster, and safer.

Legal, Regulation & Compliance