Managers of Wealth Asia Pacific

Proposed Changes to Overseas Investment Act Amendment Bill

Proposed Changes to the Overseas Investment Act Amendment Bill – Clarity or Confusion?

Hong Kong Seeks to Widen DLT Use in Trade Finance

The HKMA said under the cooperation agreement, it will collaborate with the FSRA to develop innovative financial technology projects, with a specific interest focusing on DLT utilization in international trade finance.

HKMA signs fintech pact with Abu Dhabi - Hong Kong

The co-operation between the HKMA and the FSRA would strengthen the two authorities in their respective roles and initiatives in fintech.

ASIC imposes licence conditions on Aurora Funds Management

At ASIC’s intervention, Aurora repaid the $1 million to the AUP and compensated it for lost earnings on those funds prior to any recovery.

KPMG says audits for scandal-hit Malaysian 1MDB fund not ‘true and fair’ assessment

Mahathir has vowed to bring back billions of dollars allegedly stolen from the fund and to punish the culprits.

Compliance Consultant Boosts Asian Coverage

A growing number of global asset managers have piled into China in the hope that they can tap into the aspirational middle class growth.

Time for a ban on bank sales targets in NZ, says union

ANZ, the country's biggest bank, has about 8250 staff.

TCI, Axon accuse India real estate firm IREO Management of $1.5 billion fraud

Hedge funds run by Christopher Hohn and Dinakar Singh accused one of India’s largest real estate developers IREO Management of defrauding its foreign investors of at least $1.5 billion. “If we do nothing, we will largely bleed dry and get not

Wealth Manager Beefs Up in Asia

Management of the Singapore based office will be selected from the companies existing executive team.

Kuwait's Contribution to Asian Investment Bank’s Capital Approved

The bill was approved by Finance Minister Nayef al-Hajraf, who, during the discussion of the bill, said that the move would preserve Kuwait's right as founder of the bank, which he described as "the third largest development bank in the world.&a

FSCL warns: Roboadvice creates non-disclosure risk

Allowing personal insurance products to be delivered via roboadvice opens New Zealanders up to greater risk of having their claims rejected because of non-disclosure, a dispute resolution service says.

Australia, NZ central banks shun volatile cryptocurrencies

"Nine years after its launch and about five years since it entered the public consciousness, bitcoin continues to have structural flaws that make it unsuitable for many uses, many of which stem from its inefficient verification process,"

Fresh-Out-on-Bail Jeweler Vows to Revive Empire

Ramachandran owed about 550 million dirhams ($150 million) in 2015, according to a Khaleej Times report.

China nationalises troubled insurer Anbang

Control of the insurer was seized in February 2018 by the China Insurance Regulatory Commission, which rebranded as CBIRC in April.

Regulation, compliance and the wealth management industry in Asia

His other objective was to engage the audience in an interactive discussion on cryptocurrencies and how to adapt to the many different regulatory directives around the world.

Beijing to unlock Dh396bn with bank reserves cuts

Aim is to support small and micro enterprises, and to further promote the debt-to-equity swap programme, according to the People’s Bank of China

Bulletproof’s big exit and the double-edged sword of going public

Anthony Woodward opens up about Bulletproof's past, and its future

Anwar Choudhury recalled over abusing domestic staff

Various sources in the UK and the Cayman Islands say he also asked the cleaning staff to babysit his daughter as well.

New Hong Kong Listing Regime for companies from emerging and innovative sectors

The above characteristics are neither exhaustive nor binding and the HKSE will take into account all relevant circumstances in accessing the applicant.

Govt. moves to protect Samoa from “dirty money”

The bill was tabled with a note of urgency from the Head of State.

Legal, Regulation & Compliance