Managers of Wealth Asia Pacific

CSRC halts kickbacks on investor introductions

The kickback fee does not meet regulatory requirements and could easily induce illegal activities such as bribes.

Assets mispriced by monetary policy: Nikko

Even as the world tilts back towards inflation and an emphasis on fiscal policy, assets appear to be priced for a lower-for-longer deflationary environment.

AMP bonuses disappear after worst result in 13 years

AMP's top 11 executives, excluding AMP Capital, earned $9 million in short term bonuses in 2015

Debt mutual fund investors are in for a treat

The new fiscal deficit number has also fuelled hopes of a lower interest rate scenario.

Collaboration with Local Intermediaries

The marketing and solicitation must be done by local licensed business operator within the scope of its license.

Indonesia to hold court hearing into Goldman Sachs's billion-dollar dispute with tycoon

Legal experts say the outcome could give an indication on whether the country's civil court proceedings will protect the rights of foreigners.

Stockman Asset Management changing name to better reflect service

As those trusted relationships deepen, clients naturally look to us for assistance in areas of their financial lives beyond asset management.

Singapore seizes S$50 mil private jet belonging to 1MDB mastermind Jho Low: report

The US alleges that the funds were laundered through the US banking system and is seeking to confiscate Low’s private jet, as well as other properties including a US$100-million interest in EMI Music Publishing Group

Ireland benefits from surge in Chinese investment

The scale of recent investment amidst a period of global uncertainty was revealed by data from Baker McKenzie.

Is the deflation cycle over?

Most contemporary market forecasts extrapolated those trends, predicting an uninterrupted upward march in oil and commodity prices.

Wrongly accused of fraud and evasion by the ATO? Inspector-General of Taxation Ali Noroozi wants to know

This is the second time the issue of fraud and evasion has come under scrutiny, after a 2014 parliamentary inquiry recommended that people and companies charged with it should be granted the presumption of innocence in court.

AMP alters approach to authorised representatives

AMP is moving away from its limited licensing options for accountants, as a number of advisers licensed by its SMSF Advice business leave the network.

Australian firm tops Big Six, APAC rivals in client survey

The Legal 500’s Client Intelligence Report surveyed 9,096 in-house counsel and client respondents in 188 countries from April to May 2016.

India's wealthy more willing with succession planning

This has all highlighted the broader range of services and products which are now required and more readily being sought to meet the new needs of clients.

FINMA sanctions Coutts for 1MDB breaches

When the account was opened, information was provided to the effect that USD 10 million would be transferred to it from the account holder’s family assets.

LM directors escape legal sanctions in Australia

Asic's case focused on a decision of the directors to extend the loan in 2012.

NAB and Bankwest forced to repay customers

The overcharging occurred because of poor disclosure of what services members would receive.

Tech billionaire Sparks New Zealand Passport-for-Sale Row

Opposition parties accuse the government of turning citizenship into an asset wealthy foreigners can buy.

Japan's pension megafund to invest in US infrastructure

Tokyo proposal steps up bilateral jobs initiative

FINMA sanctions Coutts for 1MDB breaches

In the past five years, FINMA has issued industry bans against six bank managers following serious breaches of due diligence requirements. Last year FINMA launched enforcement proceedings against six further bank office holders, four of them in connection

Legal, Regulation & Compliance