Managers of Wealth Asia Pacific

BT Financial Group divests Ascalon

As a result, Westpac will cease to hold an interest in Ascalon and Ascalon will continue to hold minority interests in Morphic Asset Management and Deepwater Capital.

Macquarie chiefs embroiled in German investigation

The funds were trading shares around the dividend payment dates, strategy in which investors could obtain the benefits of dividend withholding tax credits.

NAB sells out of China shadow banking joint venture

The deal, which has not yet been disclosed in Australia, makes it the latest major Australian bank to abandon China, which was once seen as a huge growth opportunity.

SBI Ripple Asia Receives Licence for Inter-Bank Blockchain Payments

Registration with the local finance bureau is the first step towards implementing the MoneyTap system.

Pre-arrest bail of Zardari, Faryal Talpur extended

The application of former president Zardari and Ms Talpur regarding confirmation of his interim bail could not be taken up on Tuesday.

PNB case: Choksi gets time till Oct 30 to reply

Appearing before the court presided over by judge M S Azmi, Choksi's lawyer Sanjay Abbot Wednesday said they have been provided with a copy of the ED's complaint in the USD 2 billion fraud case and need some time to file a reply.

Three down one to go, then another three in 2019

Information received since the Federal Open Market Committee met in August indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.

Chief economist update: Stability is doing it for Japan

Another new set of tariffs will take effect today in the on-going Sino-US trade battle.

Australian Law Firm Sues NAB Over Worthless Insurance Claim

Slater and Gordon lawyer Andrew Paull said NAB and its pension unit MLC, one of Australia's largest pension funds, had knowingly sold insurance to credit-card holders who were ineligible to claim under the terms of the policies.

Australia eyes insurance cold-calling ban

Among a series of proposals, the document asked: “Should the direct sale of insurance via outbound telephone calls be banned?

Regulator Slams Australia Banks for Delays in Reporting Breaches

The issue has been repeatedly raised at a wide-ranging inquiry into Australia’s financial system that’s exposed a litany of bad behavior, from lying to regulators to giving misleading financial advice.

Stock manipulators, beware the MAS AI arsenal

Market manipulation syndicates have become more complex - but the same can be said for the Monetary Authority of Singapore's (MAS) enforcement team.

Dentons launches combination with elite law firm in Indonesia

Combination uniquely positions the world's largest law firm to meet client needs in South East Asia and around the globe

Australia's Securities Watchdog Has Halted 5 ICOs Since April

Such work was highlighted earlier this year when ASIC said that it was contacted ICO issuers and putting a stop to ones it deemed deceptive toward investors.

Australian Regulator Goes After Fraudulent ICOs and Crypto Asset Funds Targeting Small Investors

The commission further revealed that since April 2018, it has taken action to prevent five ICOs without proper registration and regulatory compliance from raising capital.

New Hong Kong group to advise government on green finance

The government-backed non-profit organisation marked the occasion with a conference and panel discussions focusing on topics related to green finance.

Singapore and China to deepen financial cooperation

The enhanced supervisory cooperation will facilitate a deeper understanding of each other’s regulatory approach, and contribute to a more effective cross-border supervisory and regulatory oversight where needed

GDPR and Singapore Companies

The GDPR will affect companies in Singapore in various way.

CBA joins regtech group to improve compliance

CBA has put one of its senior managers on the board of the RegTech Association, revealing a shift by chief executive Matt Comyn to look outside the bank to develop new anti-money laundering and compliance systems.

Royal Commission hears industry fund admitted wrongdoing to ASIC

Costello suggested to Commissioner Kenneth Hayne that it was open to him to find Rest engaged in misconduct by breaching sections of the SIS Act and the Corporations Act based on the breach report.

Legal, Regulation & Compliance