Managers of Wealth Asia Pacific

Overseas investors in shuttered Vegas casino demand refunds

The nine-story, 200-room casino-hotel just off the Strip was the first hotel-casino built from the ground up in Las Vegas since the recession.

FX collusion scandal reaches Australia, class action launched

According to court documents, names given by the traders to those chatrooms included “The Cartel”, “The Mafia” and “A CoOperative”.

AMP class actions consolidated

The NSW Supreme Court has ordered only one of several class actions launched against AMP can proceed.

China's First Bank Seizure Since 1998 Shows Hidden Loan Risk

China’s first government takeover of a bank in more than two decades jolted the country’s financial sector on Monday, driving up funding costs and underscoring the potential for increased stress at regional lenders that piled into off-book fin

Fresh PAYG, superannuation concerns surface

To stay above board, and in order to allow the ATO to identify the individuals subject to this additional tax, a superannuation fund must issue a Payment Summary

11 Indians get notices in a day as Switzerland steps up process to share banking information

In April also, some such notices were issued including to one Mrs. J N V, as also to Mr. Kuldip Singh Dhingra and Anil Bhardwaj, among others.

ASIC employee default superannuation fund

There is no change to arrangements for existing employees, including those who are members of Commonwealth Superannuation Scheme (CSS), Public Sector Superannuation Scheme (PSS) and Public Sector Superannuation accumulation plan (PSSap).

India-Marshall Islands tax information exchange agreement enters into effect

This information generally relates to the determination, assessment, and collection of taxes; the recovery and enforcement of tax claims; and investigations, including prosecutions.

Tokyo-Vegas investment chief gets 50 years in huge scheme

Fujinaga blamed changes in the dollar-to-yen exchange rate for problems while he headed MRI International Inc. for more than a decade.

Former Beacon adviser banned

The banning order was made under the Corporations Act 2001 sections 920A(1) and 920B(2).

Ogier recognised for work on Takeda's £46 billion acquisition of Shire

The deal became the highest value scheme to pass before the Royal Court in Jersey

Malaysian police raid Deloitte office for 1MDB-related documents: sources

A representative for Deloitte could not be immediately reached for comment.

Two Ogier partners make Asian Legal Business top ten offshore lawyers list

Individual recognition is always very welcome, but it reflects another year of hard work by our growing team

Singapore sets up industry group to improve banking conduct standards

It comprises members from 12 other banks in Singapore, who have responsibilities in business, risk management and compliance.

China proposes updated rules for online trading operators

They are open for public comment until 29 May 2019.

HKMA takes first step towards regulating the use of big data analytics and artificial intelligence in FinTech

The EAF is expressly stated to be non-binding guidance, intended as a first step towards a privacy regime better equipped to address modern challenges.

ASIC bans adviser over super theft

ASIC found McSweeny fraudulently misappropriated company money, used the company structure for his own dishonest means, showed a complete disregard of his director duties and failed to observe requirements to lodge documents with Australian Tax Office.

Legal, Regulation & Compliance