Managers of Wealth Asia Pacific

Aleema to face money laundering case if evidence found: adviser

The prime minister's sister was slapped with a double penalty (taxes and fine) because she did not disclose the said property worth around Rs74 million.

HKMA to Grant Virtual Banking Licences in Q1 2019

Of the remaining applicants, the HKMA will shortlist about one-third of them for the next stage of assessment.

BNP Paribas says it receives corporate Panda bond underwriting licence

This senior underwriting licence will help us to attract more foreign issuer participation in China’s bond market.

Ginza’s ‘property king’ handed 4-year term for tax evasion

Known as the “Ginza Property King,” Kawamoto, 86, was arrested for violating the Corporation Tax Law by Tokyo District Public Prosecutor’s Office in 2013.

Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct

The numbers suggest that less than 2% of reported money laundering cases involved cryptocurrency.

UK judge to rule on extradition of Vijay Mallya, the Indian tycoon nicknamed ‘King of Good Times’

The Indian authorities have been seeking Mallya’s extradition after financial investigators accused him of siphoning off millions from the loans to buy properties overseas.

China fines banks over wealth management violations

The central bank has tightened regulations on the asset management businesses

Noble facing insolvency after new share listing is blocked

Singapore authorities deal blow to commodity trader’s restructuring plan

Japanese government seeks to ax innovation fund head

Tanaka is known for his global experience and his wealth of contacts at home and abroad.

BOJ's Kuroda dismisses chance of near-term rate hike

“Raising interest rates now to create policy space for future economic downturns may risk delaying achievement of our inflation target,” he said.

Japanese Police Receive 6000 Reports Regarding Potential Fraud in Crypto

While the increase is significant it still pales in comparison to the overall number of reported incidents across the broader financial industry in Japan.

Asian investment company selects SimCorp Dimension as its new front-to-back investment management solution

Company announcement no. 13

Hong Kong: Update on the Processing of Virtual Banking Applications

Subsequently, the HKMA has informed these applicants that their applications will not be further processed.

Insider trading charges filed against Singapore-based IT contractor

Rajeshwar Gannamaneni was also alleged to have traded in an account that he controlled that was opened in the name of a family member, who was living in the U.S. at the time.

HSBC flagged Huawei's suspicious financial dealings

Chinese company allegedly skirted American sanctions on Iran

Picking the right jurisdiction to capitalise on Asia’s aviation finance boom

Leased aircraft imports are exempt from value added tax and withholding tax is paid by the Chinese lessee.

DFSA signs MoU with Bank Negara Malaysia

The MoU anticipates the presence of Malaysian institutions, including those offering Islamic Finance, in the Dubai International Financial Centre, and formalises arrangements for regulatory cooperation and establishes a framework for exchange of informati

Legal, Regulation & Compliance