Managers of Wealth Asia Pacific

MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity

This collaboration is a significant step in that direction, and we are delighted to be the chosen partner for MAS.

Singapore to repeal Registered Fund Management Companies Regime

This move aims to streamline regulations for fund managers.

UBS has considered an alternative for CS business in China

The major Swiss bank could sell its majority stake in the Credit Suisse (CS) securities trading joint venture in the People's Republic directly to a local government fund.

Singapore Hands Down Second Conviction in $2.2 Billion Money Laundering Case

The authorities have also ordered the confiscation of over S$166 million ($123 million) in assets that had been seized from Su, his spouse, and his businesses.

Carey Olsen partners star in China Business Law Journal's A-List

The A-List is based on the nominations of thousands of in-house counsel and partners in China and around the world

Singapore Laundering Case Delivers First Conviction

Investigations also found Su’s involvement in an unlawful remote gambling business based in the Philippines with proceeds that were used to purchase a Mercedes Benz.

Brunei Darussalam Central Bank and Bank of the Lao PDR Formally Join the Regional Payment Connectivity Initiative

Meanwhile BOL signed the third supplemental pages of MOU RPC on 3 April 2024

MAS Expands Scope of Regulated Payment Services; Introduces User Protection Requirements for Digital Payment Token Service Providers

These amendments will take effect in stages from 4 April 2024.

ASIC wins first greenwashing civil penalty action against Vanguard

ASIC Deputy Chair Sarah Court said, ‘By Vanguard’s own admission, it misled investors on a number of its claims.

MAS Launches COSMIC Platform to Strengthen the Financial System’s Defence Against Money Laundering and Terrorism Financing

The Financial Services and Markets (Amendment) Act 2023 and accompanying subsidiary legislation, which set out the legal basis and safeguards for such sharing, commenced on the same day.

Asia-Pacific bank capital raises hit 4-month high on TLAC demand in China

China's banking regulator allows lenders to issue total loss-absorbing capacity

Digital offerings like EzyWasiat strengthen Maybank Islamic Wealth Management

A holistic, end-to-end suite of Shariah-compliant wealth management offerings gives Maybank Islamic an edge with customers.

SMBC Secures Approval For GIFT City Branch in India

The new branch will focus on the foreign currency-denominated lending business to clients in India.

Clyde & Co offers Credit Suisse AT1 bondholders opportunity to seek effective public international law remedy

Clyde & Co is now planning to launch a series of investment arbitration claims

It's finally here – BNPL to be incorporated into the existing consumer credit regulatory framework

Treasury consultation on the proposed reforms is open until 9 April 2024.

Asset managers eyeing investment opportunities in growing Chinese Mainland market, says KPMG China

Hong Kong government continues to introduce new regulations to build a healthier and more stable asset management ecosystem

IFPHK and FPSB China Sign Cross-Border Collaborative Agreement

The signing ceremony was attended by distinguished delegates

BEA Partners with PAOCCRA to Enhance Loan Approval Efficiency

The approval process is as quick as three working days

ANZ agrees to settle credit cards class action

The settlement is without admission of liability and remains subject to court approval.

Appleby's Hong Kong Office Garners Two "Deals of the Year"

This USD975 million financing, facilitated by Appleby’s expertise in Bermuda and BVI law, solidified the terminal’s position as Peru’s most significant investment endeavour of 2023.

Legal, Regulation & Compliance