Managers of Wealth Asia Pacific

Singapore regulator calls for more feedback on payments law

MAS points out that activities that face customers or merchants, process funds or acquire transactions, and pose relevant regulatory concerns will need to be licensed.

More Legal Woes For HSBC

HSBC Is Being Dragged Into High Profile Legal Proceedings

Collaboration with industry and regulators key to enhancing RegTech innovation in Singapore and the region

The Hon. Mr Gosper advocated for Australia and Singapore to work together to safeguard against potential threats and enhance RegTech innovation.

Institutional Investors Accelerating Moves Toward Participation In Stewardship Code

Institutional Investors Have Been Picking Up Speed In Taking Part In The Stewardship Code

Hong Kong’s bitcoin businesses suffer after local bank accounts frozen

Companies say they have had to go to foreign banks after disruption

India gets nod to access details on black money stashed in Swiss banks

The proposal will now be submitted for approval from the upper chamber of Swiss Parliament, the Council of States, in the winter session beginning November 27.

NAB joins Commonwealth in anti-money laundering compliance issues

NAB revealed the issue in its latest annual report, something which it is currently investigating internally.

South Africa creates new partnerships with India

The purpose of the conference is to have networking between professionals, business people, industries and experts.

Regret RBI decision to not pursue Islamic banking

The RBI decided not to pursue a proposal to introduce Islamic banking in the country.

New Rules Released on Policy Banks to Enhance Risk Control

The regulator will set requirements on capital adequacy ratios for the three policy banks

Neuberger Berman Obtains China Private Fund Manager License

The registration expands Neuberger Berman's commitment to China and its investment resources locally.

Mauritius Lawsuit Accuses Top Indonesian Officials Of Laundering Billions

Billions Of US Dollars Belonging To Indonesian Taxpayers Have Allegedly Been Spirited Out Of Indonesia

MAS signs FinTech Co-operation Agreement with the central bank of the Republic of the Philippines

The authorities will work on FinTech projects together, such as facilitating faster cross-border payments and streamlining “know-your-client” (KYC) processes.

Monetary Authority of Singapore may regulate ICOs

This brings initial coin offerings in Singapore in line with the issue of shares in other sorts of Collective Investment Schemes.

Hong Kong SFC concludes consultation on asset management regulation

The SFC will publish frequently asked questions to provide further guidance to the industry on the implementation of the proposals.

Westpac star trader admits breaching 'Chinese walls' in interest rate chats

A key part of Westpac's defence is that its treasury desk was independent and all counterparties.

NAB sacks 20 bankers and disciplines another 32 over dodgy home loan scandal involving foreign buyers

The mortgages involved overseas borrowers and were issued through external workers who were given incentives for referring customers to the bank.

IMF Raises South Korea 2017 Growth Outlook

The IMF raised its 2017 GDP estimate to 3.2% from 3% projected in September.

Over the horizon

The M&A market continues to be active in Asia with Cayman, BVI and Bermuda remaining the top jurisdictions for offshore M&A transactions,” says Denise Wong

NY regulator mulling fine on Korean banks for AML violation

Earlier this year, NongHyup Bank handed in a written agreement to the Federal Reserve Bank of New York to address its compliance deficiencies.

Legal, Regulation & Compliance