Managers of Wealth Asia Pacific

Singapore-Based Samlit Moneychanger Sued

The remittance firm has been accused of breaching agreements over funds frozen in China.

Hong Kong and China Regulators Update Investment Framework in Greater Bay Area

Key changes include the expansion of permissible investments to encompass more high-risk options and clearer guidelines for marketing and sales.

Thailand – New rules for transborder dataflow

The notifications give the case of a transfer made via the systems of a cloud service provider as an illustrative example.

FAAA backs Digital ID to reduce client identification exercises

Advisers also have a critical role to play in the identification of clients and verification of ID documents provided by clients under the AML/CTF legislation.

Speech by Mr Chia Der Jiun, Managing Director, Monetary Authority of Singapore

Singapore has come a long way in sustainable finance in less than 10 years.

SFC cautions public against impersonators of SFC CEO

The SFC wishes to stress that these instant text messages are fraudulent and has reported the case to the Police.

Signing of Memorandum of Understanding with Philippine Economic Zone Authority and Rizal Commercial Banking Corporation

The newly inked MOU with PEZA will supersede a prior agreement signed in 2015.

ASIC incorporates legislative changes to the financial adviser exam

All candidates will be held to the same standard as for previous exams.

Carey Olsen Singapore ranked Tier 1 for third consecutive year by The Legal 500

Managing partner Anthony McKenzie, Asia litigation head James Noble and principal Tom Katsaros have once again maintained their place as 'Leading Individuals'.

Carey Olsen Hong Kong celebrated in The Legal 500 2024 Guide

Fellow Hong Kong partners Matthew Watson and Tim Haynes also received praise from The Legal 500.

Potential Legal Action Against More 1MDB-Linked Banks

No lenders were named but they were accused of not conducting proper due diligence before facilitating related fund transfers.

Penta Capital to pay $53,280 over allegedly misleading statements

ASIC alleges Penta Capital made a series of false and misleading statements on its website.

US Fines ICBC Over AML, Disclosure Failures

Multiple deficiencies were found at ICBC’s New York branch during its BSA/AML compliance program from 2018 to 2022.

Global Law Office Enhances Tax and Investment Divisions with New Partner Hires

His expertise encompasses a wide range of tax matters, such as dispute resolution, both domestic and international tax preparation, consulting, and compliance.

PolicyStreet Granted Takaful Operations Authorization by Labuan Regulator

The Takaful industry in Malaysia is experiencing rapid growth

Bank of Korea holds rates amid property market concerns

The decision had been widely anticipated by economists.

ASIC disqualifies two more Canberra property developers

The companies were involved in developing commercial and residential properties in Canberra.

Federal Court hands down $390,000 in directors’ duties penalties

Mr Daly, who contested ASIC’s case, will pay a $150,000 penalty and be banned from managing corporations for five years.

Complaints to AFCA top 100,000 a year for first time

Scam-related complaints to AFCA have nearly doubled between 2022 and 2023.

Chinese wealth manager Zhongzhi files for bankruptcy liquidation

The court said it accepted Zhongzhi's bankruptcy liquidation application in accordance with China's enterprise bankruptcy law.

Legal, Regulation & Compliance