Managers of Wealth Asia Pacific

Knee-jerk tightening of rules may hurt market: MAS

The Singapore Exchange had also said it would amend listing rules to reflect the recommendations.

Charities in Hong Kong forced to reveal finances – but critics say new measures don’t go far enough

Voluntary set of ‘good practice’ guidelines also issued in response to criticism from watchdog over lax rules in sector

Bank of China extends use of AxiomSL’s regulatory platform

The decision enables the bank to avoid the increased infrastructure costs often associated with the introduction of a new regulatory requirement.

FBR starts action against people hiding assets in UK

In a terse statement, the FBR chairperson Ruksana Yasmeen on Monday said the FBR has started action against those who owned immovable properties in the UK.

Indonesia is returning 1MDB-linked luxury yacht to Malaysia

The super yacht is said to be in waters off Batam, near Singapore

Standard Chartered Bank sees virtual bank licence as ticket to new business worldwide

The bank’s Hong Kong CEO says the new operation would be run separately, but that traditional banking and branches still have a role to play

Australia's pension funds feel heat of powerful inquiry

Account-holders and industry groups said in their submissions that fees were not properly disclosed or were charged for services that were not rendered, such as financial advice, the inquiry heard.

Vietnam court jails 46 bankers over loan scam led by construction bank chairman

It is the latest in a series of major banking trials aimed at cleaning up a sector plagued by bad debts, corruption and nepotism

Deloitte latest Big Four firm to announce SG legal ambitions

PwC launched a foreign law practice in Singapore in 2016 after hiring partners Natalie Breen and Keith McGuire from Norton Rose Fulbright and Ashurst, respectively.

Super funds face royal commission scrutiny

The royal commission will focus on how regulated super funds fulfil their duties to members, including their structural and governance arrangements, selling practices and the relationship between super fund trustees and financial advisers.

Shariah investments continue growth spurt in SE Asia

Last year, Malaysia’s SC launched a five-year blueprint to grow the Shariah fund and wealth management sector, Cerulli said.

Swiss can give bank client data to India in tax dodge case - court

The information sparked investigations in several countries and put Swiss banking secrecy in a harsh spotlight.

SuperEd to roll out retiree service for super funds

The firm would then be able to leverage these insights to enhance its B2B offering to super funds who are experiencing increasing numbers of members moving into retirement.

Common Reporting Standard: anti-avoidance measures

Compliance with the CRS is not a choice; it’s an obligation. And the penalties for non-compliance are severe.

Fangda launches investment protection practice in HK

Boltenko has had a varied career involving stints with law firms and other bodies across Europe and Asia.

ClearView Wealth says director arrested over claim by Melanesian Trustee Services

The claim concerns an attempt to remove and replace the current fund manager of the Pacific Balanced Fund by Brown’s employer National Superannuation Fund, ClearView said in a statement.

OCBC to equip 330 retail wealth advisers with private banking skills

"Such competencies are a dimension beyond the more product-centric approach towards financial planning that is adopted by many retail banking wealth advisers," the bank said in a media statement.

Monetary Authority of Singapore issues prohibition order against former CIMB VP for insider trading

Tay did this while in possession of non-public and price sensitive information that both companies had received takeover offers, it said.

CPF withdrawals via PayNow hit $40m since launch in March: OCBC

They can then log in to My CPF online services using their SingPass details and submit a withdrawal application.

Major Japan banks expand via S.E. Asia partnership

The growing economies of Southeast Asia offer a huge consumer market of more than 600 million people that is undergoing drastic change.

Legal, Regulation & Compliance