Managers of Wealth Asia Pacific

Seizing the GDPR Advantage: From mandate to high-value opportunity

Look beyond the compliance side of the GDPR

Singapore Bourse Sued by India Exchange in Futures Dispute

“This is a big mess,” said David Shin, Asia head of global equity derivative sales at TD Securities in Singapore.

'Unethical' banks under scrutiny as royal commission returns

Senior counsel assisting the commission Rowena Orr and Michael Hodge are likely to focus on the impact of overzealous lending and enforcement when customers provided guarantees involving their property and other assets.

Bank of Singapore inks MOU with Sumitomo Mitsui Banking Corp unit SMBC Trust Bank

BOS hopes the MOU will raise its profile among Japanese ultra-high and high net worth individuals.

UAE allows banks to share Winsome Group information with India

The diamond house is India’s second-largest wilful defaulter after Vijay Mallya’s Kingfisher Airlines.

Westpac made blind pensioner a guarantor without risk advice, inquiry hears

The testimony, given to a powerful inquiry into the country’s financial sector, came as Australia’s “big four” lenders all admitted to misconduct in their submissions to a third round of public hearings that focuses on loans to sma

Award Winners — Lawyers & Law Firms

Firm of the Year 2018: Hogan Lovells

Fraud, Money-Laundering on the Rise in Singapore

while instances of bribery and corruption in Singapore were lower than the global average, incidents related to money laundering were higher.

Myanmar green lights formation of Singapore firm-backed credit bureau JV

“This will help banks to make a proper risk assessment about the credit worthiness and could reduce strict guidelines about a requirement for a collateral,” said U San Thein, senior adviser to German development agency GIZ and a former central

Treasury targets foreign investors

When combined with existing concessions used by foreign pension funds and sovereign wealth funds, some foreign investors were paying tax rates of 15 per cent, or in some cases, far less, Treasury said.

Taiwan’s FSC plans to ease custodian rule for foreign investors

The regulator unveiled the plan in a draft amendment of the custodian rule posted on its website on May 4.

ASIC will ‘accelerate and expand’ wealth crack-down

Shipton said this could include making greater use of external expertise in investigations and enforcement actions.

Court clarifies Singapore's approach to tax information exchange

The National Tax Service of the Republic of Korea (NTS) submitted an EOI request to the Comptroller in September 2013, under a tax treaty between the Singapore and Korean governments.

Philippine President Rodrigo Duterte lifts ban on Filipinos working in Kuwait

Duterte’s spokesman Harry Roque told reporters the president would give the instruction to the labor secretary after discussions with his special envoy to Kuwait, Abdullah Mama-o, who recommended the action to normalize the situation.

Banks given 15 days to share foreigners’ data with FBR under OECD obligations

FBR has already issued a list of 456 reporting financial institutions under common reporting standards for automatic exchange of information under the Organisation of Economic Cooperation and Development (OECD) convention.

MAS issues prohibition orders against six individuals for misselling investment products

Representatives who mis-sell investment products to vulnerable clients will face stiffer action and this has been reflected in the lengthier durations of the POs issued against Mr Hiah and Ms Heng.

ASIC vows to use 'every inch' of its powers to ramp up bank scrutiny

Mr Shipton said ASIC would use “every inch of [its] powers" to lift standards, but also slammed the behaviour of some businesses for not co-operating with the watchdog, or obstructing its work.

PNB case: ED seizes Rs 85-cr worth jewellery of Choksi's firm brought from Dubai

It said the seizure of gold and silver jewellery was made on May 10 after the ED raided a strong-room belonging to Bharat Diamond Bourse.

Con artists strike it rich in Hong Kong with job fraud and identity theft totalling HK$7.82 million this year, or seven times more than all of 2017

Desperate jobseekers convinced to hand over personal details and bank information in fake employment scams

Swiss seek quick talks with Malaysia on 1MDB investigation

Newly elected Malaysian Prime Minister Mahathir Mohamad, who was sworn in on Thursday, has vowed to investigate the 1MDB scandal and take action against those who may have abetted or benefited from corruption

Legal, Regulation & Compliance