Managers of Wealth Asia Pacific

Penalty, prosecution likely for Indians with undisclosed assets in Singapore over last decade

Notices are also being sent to some foreign of the account holders using the information received under US Foreign Account Tax Compliance Act.

Two Japanese banks fight over panda bond bragging rights

BTMU and Mizuho both claim the honor of being first Japanese issuer

Holborn opens HK office following acquisition of Globaleye HK

Holborn Assets has a great deal to offer advisers and advisory firms.

Former AFL player Mark “The Fridge'' Roberts booted from industry for two years

ASIC acknowledges the cooperation of both Breakaway and Mr Roberts during the surveillance.

MAS might tighten monetary policy: Credit Suisse

The appreciation path is likely to be very gradual at 0.5%.

Hong Kong’s regulator outlines rules for settling violations

The new guidelines widened the scope of potential settlement to include failure to disclose relevant information, short-selling, and other “mild” forms of market misdemeanours.

Sagia grants 3 investment licences to Japanese firms

The granting of licences were revealed at the Saudi Arabia-Japan Business Forum on Sunday in Riyadh, said a Saudi Press Agency report.

Bank Indonesia steps up warnings against cryptocurrency trade

Practice is 'susceptible to money laundering, terrorism funding'

Japan’s regional banks entering project financing industry to tap overseas boom in infrastructure projects

JBIC is increasing efforts to offer seminars to regional banks to help them join international financing projects.

DomaCom funds integrated into Xplan

DomaCom’s property sub-funds have been integrated into Xplan, the financial advice software owned by IRESS

UK law firm expands corporate practice in Malaysia

UK LAW firm is boosting its presence in Malaysia with the appointment of a newly promoted partner to be based in Kuala Lumpur

Malaysia's CIMB to Divest Stakes in Two Asset-Management Companies

The transaction is expected to be completed in the second quarter of 2018, CIMB said. The bank is expected to recognize a gain of around MYR950 million, according to its stock filing.

Sri Lanka central bank tightens surveillance on fund management, debt trading

A statement by the Monetary Board of the Central Bank said it had already begun some of the recommendations of the Presidential Bond Commission which probed the island’s biggest securities scam.

Hong Kong fines Swiss wealth manager HK$2m over offshore licence fails

EFG Bank co-operated with the SFC in resolving the SFC’s concerns

Ex-StanChart banker appears in court for accepting bribe

No plea was entered today and the case was adjourned until February 7.

HSBC launches Aussie dollar liquidity fund

HSBC Global Asset Management has launched a new Australian Dollar Liquidity Fund designed to compete with bank deposits as Basel III begins to take hold.

Swiss never verified $200b ‘stashed in Pakistanis accounts’

The minister of state informed the committee that Pakistan and Switzerland had signed an agreement on avoidance of double taxation in March 2017.

United Overseas Bank to issue 500 mln euro worth bonds due 2025

The bonds will be issued at an issue price of 99.412 percent of the principal amount.

Hedge Funds' Indian Revenge, by Way of Singapore

The city-state may soon offer dollar-denominated derivatives on Indian stocks tracked by MSCI.

Businessman Saiful evading ACC summonses for quizzing in AB Bank money-laundering probe

An AB Bank customer, businessman Saiful Haque, has not responded to the Anti-Corruption Commission summons twice for interrogation on charges of money laundering.

Legal, Regulation & Compliance