Managers of Wealth Asia Pacific

MAS tightens the screws on money laundering

It sets up dedicated units to monitor money-laundering risks and to boost enforcement action

Standard Chartered CEO cracking down on 'above the law' bankers

He says he uncovered a culture where a few senior managers flouted ethics rules for personal gain and considered themselves "above the law".

Canada Should Join China-Led Bank, AIIB

The creation of the AIIB also gives China greater influence in regard to the International Monetary Fund

'Babes in the woods': Sports fans sidestep 'laughable' Australian betting regulations to 'spend billions in offshore havens'

Racing Australia chief Peter McGauran likened the current restrictions on rugby league and football codes to 'babes in the woods' when pitted against unregulated, foreign betting.

CaixaBank of Spain signs MoA with State Bank of India

The banks will also cooperate through introduction of business opportunities and partnering on possible infrastructure funds

ESG is new buzzword for listed fims, investors in HK, Asia as regulations tighten

Mandatory disclosures by Hong Kong companies about policies and how they plan to tackle operational risks will have far-reaching implications for the environment, society

Now, fund houses can't restrict redemptions

Experts say the new provisions work in favour of investors and will make mutual fund houses introduce better liquidity management tools.

China’s Banks: How Fixing Problems Can Make Them Worse

Document 82 could leave banks with a capital hole of more than $150 billion

New lending restrictions for property investors

We routinely fine-tune our lending rules to take account of current market conditions

BSI-1MDB scandal exposes Singapore’s banking flaws

The actions taken by Monetary Authority of Singapore in wake of scandal involving 1MDB and Swiss Bank BSI shows zero tolerance for money laundering, say analysts.

Australian Corporate Watchdog takes action against Nab

The watchdog is sinking its fangs into a few suspected culprits and doing his job," he told reporters in Ulladulla, south of Sydney.

Chinese Banker To Be Investigated

The commission uses the term “serious breaches of discipline” as a euphemism for corruption.

ASIC bans former ANZ financial adviser

ASIC's investigation found that during 2012 and 2013, Mr Meadth failed to provide 11 clients with written documentation of his recommendations about their investment portfolio.

ASIC takes first action against licensee for alleged breaches of 'best interests duty'

The first hearing of the matter is listed before the Federal Court of Australia on 8 July 2016.

CTBC Financial Holdings raided over suspicious land deal

No details were available on how much the shell company and its partner paid for the land in Neihu or whom they bought it from.

Monetary Authority of Singapore Proposes a Regulatory Sandbox for FinTech

The Monetary Authority of Singapore is the central bank of Singapore.

Indonesia govt proposes law to give tax office access to bank data

The proposed revision to the tax administration law will "eliminate data secrecy for the purpose of taxes," Bambang Brodjonegoro told a parliamentary hearing.

Warburg Pincus, Temasek Left Out of Fundraising Deal for China’s WeBank

Foreign investors have been excluded from investing in internet bank after China’s banking regulator expressed concerns about foreign ownership

Chain CEO Urges Central Bankers To "Run" Towards Blockchain

Ludwin told listeners they should be “running toward this opportunity.”

Merger of SBI with associates to be cleared soon: Jaitley

Among the subsidiaries, only the State Bank of Bikaner and Jaipur, State Bank of Mysore and State Bank of Travancore are listed, while the merger will create a combined customer base of 50 crore.

Legal, Regulation & Compliance