Managers of Wealth Asia Pacific

1MDB controversy: Legal eagles hired by parties involved

FARA requires agents representing the interests of foreign powers to disclose their relationship with the foreign government and information about related activities and finances.

Aussie bank faces landmark lawsuit over bad advice

Asic is contending that, since Westpac held the financial services licence used by Sinha, the bank is liable for the alleged breaches, which carries a maximum penalty of A$1m (£564,084, €642912, $753,089) per breach.

Open justice versus privacy of trust (HSBC Trustee (CI) Ltd v Kwong and others)

First published in ePrivateclient in May 2018.

Malaysia to seek return of 1MDB money from banks, political parties

Having defeated his former protege in an election last month, Prime Minister Mahathir Mohamad’s administration has launched an investigation into how the fund founded by Najib lost billions of dollars.

Royal commission: banks pledge transparency on valuations

CBA said its policy is to provide a copy of valuations to customers when customers have paid for it, "except in limited circumstances".

China eases capital curbs on qualified foreign investors

The measure was imposed to prevent capital outflows caused by stock market volatility.

PNB fraud: Enforcement Directorate asks Interpol to issue red corner notice against Nirav Modi in money laundering case

The agency's move comes in the wake of the charge sheet it filed against 23 people including Nirav Modi in a special court in Mumbai.

Investors in no mood to buy the dip in Australian banks

Tougher regulatory climate and slowing housing market changes the equation

Asset managers raise pressure on Japan's board appointments

Calls intensify for more outside directors and fewer cross-held shares

Quantitative tightening puts Asian markets on volatile path

The ramifications of the Federal Reserve raising rates and unwinding its balance sheet, just as the European Central Bank looks set to end its bond-buying programme, is occupying investors in Asia.

UK Tier 1 investor visa applications among Chinese nationals soars by 56%. Roman Abramovich no longer interested in UK Visa.

Perhaps some very wealthy people may wish to consider other UK visa routes such as the tier 2 sponsorship licence and tier 2 visa scheme

Standard Chartered applies for virtual banking licence in Hong Kong

Standard Chartered has also been a founding sponsor of local fintech accelerator SuperCharger Hong Kong, since 2015.

Billions in cryptocurrency wealth wiped out after hack

The exchange did not disclose the value of tokens stolen. The theft was of less well-known cryptocurrencies rather than bitcoin itself.

Major South Korean Crypto Exchange Coinone Facing Online Gambling Charges

As such, margin trading in the US, for example, is heavily regulated by bodies like the Federal Reserve Board, the New York Stock Exchange, and the Financial Industry Regulatory Authority.

Thailand unveils new detailed cryptocurrency, ICO regulations

According to the SEC decree, companies looking to conduct an ICO must signify the type of token being issued as well as other pertinent investment information.

Mahathir woos Japanese investors in bid to move away from China

Cash-strapped Malaysian government can look to tap Japan's vast pool of low-cost capital

Linklaters – Zhao Sheng joint operation in Shanghai Free Trade Zone

Karthi Chidambaram gave an written undertaking to appear before the concerned IT official on June 28.

Tax Agency Finds South Korea's Biggest Cryptocurrency Exchange Not Guilty of Tax Evasion

Earlier this year, the government raided the headquarters of UPbit in Seoul for allegedly deceiving investors, and almost immediately after turned to Bithumb over potential malpractice and suspicious business activities.

Russian firms involved in disputes may turn to Hong Kong as city’s rising arbitration skills shine bright

Restrictions may apply to the import or the use of services from companies registered in counter-sanctioned countries or from companies with any shareholding held by an individual or company from these countries.

Karthi Chimdabaram gets anticipatory bail in Black Money case

The court on Saturday also directed the I-T department to keep in abeyance the warrant issued against him until he returned from his trip abroad.

Legal, Regulation & Compliance