Managers of Wealth Asia Pacific

Hong Kong woman loses HK$10 million in ‘black money’ scam

In April, the man told Ma to safeguard money belonging to him, worth US$1.5 million, and set up a meeting on the mainland with his friend.

Citizenship for sale: Millionaire migrant visas boom

Overall, the case for retaining the Significant Investor Visa and Premium Investor Visa streams is weak and the Government should abolish these visas

Why China’s high-income earners dread the new tax law that will come into effect in January

Concerns grow over policies on bonuses and the 45 per cent levy on high-income individuals

Four Asian Banks Get Clearance To Open Branches in India

RaboBank has, however, received all clearances from the authorities and could soon receive final approval to open its second branch in Gurugram.

NZ Central Bank Tightens Capital Adequacy Rules to Tackle Risk

All banks must have 'enough skin in the game' to truly focus on enterprise risk management, responsible lending, and the ability to weather all events.

Goodbody Stockbrokers prepares to unveil Chinese tie-up next week

Roy Barrett to remain at Goodbody helm following takeover worth about €150 million

Strengthening Trust in the Financial Advisory industry

We have worked with the industry to co-create the key principles to guide the design of a good advisory and sales form, and recently consulted on our proposals.

MAS reprimands asset firm for poor compliance

MAS expects directors of all financial institutions to carry out their duties and functions effectively at all times.

ASIC continues clamp-down on 'independent claims'

ASIC will continue to publicly name advisers who do not comply with their obligations under s923A

UK court allows officers to enter Mallya's estate, ‘take control of goods'

The order comes after Mallya lost a case in the High Court against the registration of the Bengaluru Debt Recovery Tribunal judgement in UK courts.

Major enlargement of the global network for the automatic exchange of offshore account information as over 100 jurisdictions get ready for exchanges

The network will allow over 100 committed jurisdictions to exchange CRS information in September 2018 under more than 3200 bilateral relationships that are now in place, an increase of over 500 since April of this year.

Credit Suisse pays U.S. $77 million to settle Asia hiring corruption probes

Credit Suisse was accused of violating the Foreign Corrupt Practices Act by hiring and promoting dozens of people connected with Asian government officials from 2007 to 2013

Australia regulator cracks whip on CBA, ANZ for pushing pension products

The country’s A$2.6 trillion (RM7.6 trillion) savings pool is the world’s fourth biggest, and companies servicing it face scrutiny in an ongoing powerful misconduct inquiry that has already rocked the financial services sector.

Thailand's regulator issues rules on digital tokens

Issuers of such tokens can accept baht or cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple and Stellar, the SEC said.

Yes Bank Gets Final Regulatory Nod To Launch Mutual Fund Business

The bank had already received the approval for the same from the Reserve Bank of India earlier.

UK Supreme Court Rejects NZ Super Funds Joint Debt Recovery Claim

Separate proceedings have been filed in Portugal against the Bank of Portugal, challenging the validity of its decision not to transfer the Oak Finance loan from BES to Novo Banco.

Accountant on trial for allegedly pocketing $40m

He faces 50 charges of CBT as an agent, which carries maximum sentence of life in prison

SEC reveals framework for ICO portals and tokens

ICO portals must be Thailand-based companies with minimum registered capital of 5 million baht.

Bridgewater gains approval to sell products in China

Bridgewater has around $160 billion under management and has been operating in Shanghai for the past two years

Africa-China Bilateral Trade Volume Reaches $170 billion per annum

Chen said Africa’s debt to her country is economically sustainable and should be no cause for alarm.

Legal, Regulation & Compliance