Managers of Wealth Asia Pacific

MAS Launches Cybersecurity Capabilities Grant

The Cybersecurity Capabilities Grant will support financial institutions in advancing their cybersecurity technology and manpower needs.

A Guide to Digital Token Offerings

MAS will examine the structure and characteristics of, including the rights attached to, a digital token in determining if the digital token is a type of capital markets products under the SFA.

Chambers Ranks Top US Blockchain/Crypto Lawyers

Blockchain is a relatively new sector falling in the Fintech industry

StanChart likely to axe Dubai, Singapore jobs amid cost reductions

The bank is weighing a plan to simplify its structure, reduce funding expenses and free up liquidity, people familiar with the matter said earlier this week.

Mauritius’ SBM gets RBI approval to merge operations with its Indian subsidiary

The Reserve Bank of India Saturday said it has approved merger of SBM (Mauritius), India with SBM Bank (India).

TransUnion Online Service Suspended in Hong Kong – Reports

The online service requires the input of personal information such as the name, ID card number, date of birth and phone number to access credit reports

Singapore’s First Crypto Litigation Highlights Need for Regulatory Clarity

The case raises the question of whether, and in what circumstances, a crypto exchange operator has the right to reverse completed transactions.

China allows UBS to control local securities business

This is the first foreign-controlled securities company approved by the China Securities Regulatory Commission after the implementation of the Measures for the Administration of Foreign-invested Securities Companies."

Stepping into the unknown

Owners and operators are braced for the central bank's long-awaited rate hike

Singapore Watchdog Releases Comprehensive Guide to ICO Legality

The document lists eleven possible types of token, all with different obligations.

India, Hong Kong double taxation pact comes into effect

The agreement will also improve transparency in tax matters and will help curb tax evasion and tax avoidance

UBS first foreign bank to gain majority stake in China venture

JPMorgan and Nomura await approval from securities regulator

Lack of skilled fraud busters in Singapore

This can be achieved through the importing of talent from outside Singapore as well as through the upskilling of Singapore's existing workforce."

Former chairman of top Vietnam bank arrested as corruption crackdown widens

While BIDV eventually managed to retrieve this money, the loans had helped Danh steal over VND9 trillion from VNCB.

Hong Kong lawyers Judy Lee and Eliot Simpson recognised in the latest Chambers and Partners Asia Pacific Guide

The firm was noted for the "prominence of its Bermuda law practice as well as its recognised BVI and Cayman Islands law capability."

Revived 1MDB Probe Claims Victims

These guys are fucking criminals,» Belfort told finews.asia last year. He was referring to spendthrift Malaysians reportedly linked to sovereign wealth fund 1MDB.

Revolut secures Singapore and Japan licences

Challenger banking service Revolut is on an Asian roll as it has secured licences in Singapore and Japan for planned launches next year.

Hong Kong court acquits former Standard Chartered private banker of bribery charge

A magistrate's court in Hong Kong has acquitted former Standard Chartered Bank private banking head Ryan Gwee Yuan Kerr of a bribery charge brought by the Independent Commission Against Corruption (ICAC).

Malaysia’s Affin Hwang AM inks pact with Samsung AM to develop products for local market

The partnership will “seek to deliver value to local investors by providing them access to sophisticated investment instruments at a low-cost and efficient entry point to amplify or hedge returns

Philippines gets closer to finalising legal framework for Islamic banking

Most of all, the issuance of sukuk would enable the country to tap funds from the 57 member-countries of the Organisation of Islamic Co-operation.

Legal, Regulation & Compliance