Managers of Wealth Asia Pacific

17-081MR ASIC cancels AFS licences for failing to lodge annual statements

The annual lodgement of audited accounts is an important part of a licensee

Banks in Indonesia Restrained from being over Aggressive in Credit Expansion

A Bank Indonesia executive has cautioned bankers to keep from being too aggressive in credit expansion

Luxembourg in ‘breakthrough’ tax treaty talks with Australia

Gramegna added that over the past year Luxembourg has improved tax transparency to become compliant with OECD standards.

Former adviser cops ASIC reprimand

The regulator determined that Anthony Wilson had failed to comply with financial services laws between 30 July 2007 and 30 June 2013

Barclays fined following ASIC investigation

It was found the Barclays entities failed to disclose to clients that they weren't required to hold an AFSL and are regulated by the respective overseas regulatory authority.

Singapore regulator calls for end to ‘plague of misconduct’

Internationally, regulators have been cracking down on illicit fund flows, with several financial institutions being penalised for lapses in money laundering controls

Korean govt arranges $6 billion rescue deal for DSME on condition private lenders chip in

DSME’s main creditor and largest shareholder Korea Development Bank announced the new rescue scheme on Thursday

Barclays Hit By Aussie Regulator

The Barclays entities failed to disclose to clients that they were exempt from holding an Australian Financial Services Licence and are regulated by the relevant overseas regulatory authority

Barclays Penalized by Australian Regulator for Disclosure Lapses

BCI also failed to notify ASIC of certain offshore investigation and enforcement matters within the time required of FFSPs.

Diamond Trust Bank to acquire Habib Bank

If approved, this will be the third successful acquisition in the banking sector in less than a year.

China to Build New Industrial City in Tangiers

It will be a new international smart city where industry and innovation respect ecology requirements.

Phatra Securities inks path-breaking deal with Credit Suisse

They also outline how and why this is the first step of a grander plan for the firm to create a try open-architecture platform – including an evolution towards wealth solutions

PH targets 2 more qualified Asean bank agreements

ABIF is designed to realize the vision of “One Asean Community” with qualified banks as vehicles for maximizing the vast trade and investment potential in the region.

ASIC permanently bans Queensland adviser

ASIC said Logan's conduct was not a lapse of judgement, but a deliberate and repeated act of dishonesty, displaying a lack of integrity and professionalism.

CommInsure cleared of medical misconduct

The database lacked proper functions to track changes and deletions, but found no evidence in its interviews that this had been abused.

Singapore watchdog makes landmark market misconduct conviction

This is the first conviction of market misconduct under the joint investigations arrangement.

ASIC Accepts Enforceable Undertaking From Former Macquarie Equities Limited

ASIC has accepted the EU as an alternative to taking administrative action against Mr Wilson.

Barclays Penalized by Australian Regulator for Disclosure Lapses

The Australian Securities & Investments Commission said in a statement Thursday that the units -- Barclays Capital Inc., Barclays Capital Asia Ltd., and Barclays Capital Securities Ltd. -- failed to disclose the information to clients or inform ASIC o

New Zealand central bank role under scrutiny

Departure of governor and deputy comes as critics call for revamp

OCBC Wing Hang Bank sells stake in Hong Kong Life for S$425.8m

First Origin is an investment holding company with a focus on investment in the financial and technology sectors in Asia.

Legal, Regulation & Compliance