Managers of Wealth Asia Pacific

State Firm Equity Moving Too Slowly Into Pension Fund: Ex-Finance Minister

Little progress has been made to date with only five SOEs completing the 10% asset transfer

China tightens rules on wealth management, boosting prospects for foreign banks

This comes as Japan's Nomura is awaiting a licence to launch a wealth business in China, while JPMorgan and Bank of Singapore, a unit of Asian lender Oversea-Chinese Banking Corp are among others considering entries, the people said.

Thailand’s new cybersecurity law lets authorities violate privacy

Government officials are permitted to seize computers, search networks, and access and copy any data they require.

China’s central bank lifts the veil of secrecy Central banks are

Central banks are becoming more transparent, including the People’s Bank of China, which also no longer desires to intervene so often in the foreign exchange markets

The Hong Kong Private Limited Company – Corporate And Tax Particulars

Thanks to its territorial tax system, "offshore profits" derived by locally incorporated companies are tax exempted.

Cybercrime Squad and AUSTRAC remind digital currency exchanges of reporting obligations

This is a joint media release between the NSW Police Force and AUSTRAC.

MAS Enhances Guidelines on Technology Risk, Business Continuity

MAS proposes to expand the TRM Guidelines to include guidance on effective cyber surveillance

Hong Kong: UBS and Citigroup Top Contributors in Fines

SFC has confirmed that it intends to prosecute 60 individuals and companies in 2019

IRD to get information from larger pool of jurisdictions to help crack down on tax evaders

“Inland Revenue will review the information and verify that correct tax is being paid on offshore investments.

DBS bets on 'poisoned chalice' of India banking to lift profits

DBS's push into large, developing markets such as India is necessary as the lender seeks to reduce its reliance on Singapore, a tiny island state with mature economy where it derived 62 per cent of revenue in 2018

Former NAB Chief of Staff charged with fraud

Strike Force Napthali began investigating allegations of corrupt commissions being paid for contracts with a financial institution in February last year.

ANU Climate Update

Climate change is an issue of increasing importance in our financial markets and of course in our community more generally.

Schroders and Hermes press HSBC to drop coal completely

They argue the bank should fall into line with peers such as Barclays and Standard Chartered

US-based network buys Australian ultra-high-net-worth firm with Clarendon’s help

The shareholders have built a market-leading wealth management business and this transaction provides them with an opportunity to partially sell down their interest in the business and partner with a world leader in the financial management space,”

BSP wants power over banking units of conglomerates

The power to exercise supervisory functions over conglomerates is crucial in achieving the central bank’s mandate of financial stability, Capule said

Union Bancaire Privée obtains wholesale bank license in Singapore

The new license will allow UBP Singapore to offer Singapore dollar services

Fusang Group receives securities exchange licence in Labuan

Running similarly to traditional securities exchanges around the world, Fusang Exchange will run a network of licensed and regulated exchange members who will be allowed to trade directly on the platform.

Financial advisers prepare High Court fighting fund

The Association of Independently Owned Financial Professionals is seeking to levy its 10,000 members to create a fighting fund and have the changes declared unconstitutional.

KPMG brings remediation regtech to Australia

Technology could prove useful for wealth managers facing huge remediation costs

GDPR: Asian banks streamline operations to ease compliance

By some estimates, under 12% of Asia Pacific-based firms were fully ready for GDPR last May.

Legal, Regulation & Compliance