Managers of Wealth Asia Pacific

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.

Australian fund admits wrongdoing to ASIC

The misconduct involved REST continuing to deduct insurance premiums when a person was no longer covered by insurance.

Axa IM, Robeco score QDLP license

For each new license holder, the Amac places a six-month deadline for the first product launch.

More regulation of Jersey residential leases on the way

The new law enables the Environment Minister and his officers greater legal powers to carry out inspections and to issue notices in respect of failing properties that could result in court action against landlords.

Singapore regulators banking on blockchain to transform financial services

In a report by the South China Morning Post, Damien Pang, head of technology infrastructure office at the MAS said that the organization aims to regulate the use of blockchain rather than the technology platform itself.

Mega bank mergers and the future of reforms

For a while it seemed the Modi government had a reforms plan for the banking system. But now it is left with mere optics

SFC issues further reminder regarding paragraph 12.5 self-reporting obligation

It has recently come to the SFC’s attention that some intermediaries have not promptly reported breaches of or non-compliance with various legal or regulatory requirements to the SFC

BVI Update - New Visa Exemption Order for Chinese Nationals

These letters must be addressed to the exempted persons, stating their work title, date of expected arrival, the duration of their stay and purpose of their visit and the amount of the fees charged or to be paid to anyone to be exempted .

Schroders and UOB AM join fund passport scheme

Seven fund managers have joined the cross-border Asean Collective Investment Scheme since it opened in 2014.

Guernsey connections explored in Hong Kong

Trident Trust launched the Guernsey element of its global fund administration business in 2004, after it received a request from its Hong Kong office to administer a Cayman fund structure.

Legal, Regulation & Compliance