Managers of Wealth Asia Pacific

‘Asia’s best’ hacker held for drugs, fraud

A “test-buy” from Silvano confirmed the information, said Jerome Bomediano, the division’s executive officer.

Singapore places UBS, DBS and Falcon under scrutiny over 1MDB transactions

Reuters reported that Switzerland's Falcon Private Bank and Coutts International, owned by Geneva-based Union Bancaire Privee, are also under scrutiny. UBS, Coutts, and DBS have all declined to comment on this matter.

Singapore Exchange CEO apologises for technical glitch that angered traders

The Monetary Authority of Singapore said it will review SGX's investigation findings before deciding on "appropriate supervisory actions."

Singapore ‘in pursuit of 1MDB links’

It is important for Singapore to be seen to be taking action against any abuse of its private banking sector for money laundering.

Most companies set up in Labuan originate from Asia

Non-residents dominated 77.3% of total Islamic financing.

South Korea’s Pension Service Mulls Suing DSME Over Fraud Losses

The NPS saw its shareholding in DSME take an $86m hit between 2013 and 2015, the years where the accounting fraud manifested.

BSI Bank’s former Singapore chief executive sues over bonus

The former chief executive of BSI Bank in Singapore, Hans-Peter Brunner, is suing the Swiss bank for freezing his bonus two months after the Singapore regulator ordered that the bank be shut down.

OCBC Bank chief warns South China Sea ruling could be ‘potential flashpoint for the region’

Samuel Tien also says it is premature to write-off Britain’s influence as a global economic force, because of Brexit

Ex-CEO of BSI Bank in Singapore sues firm over bonus amid IMDB probe

BSI and Swiss national Brunner "mutually agreed" in September that he would retire from the bank, according to court papers.

Pua asks whether Deloitte was hoodwinked by 1MDB

The authenticity of the investment was publicly questioned and the company came under immense pressure, resulting in the demand for the money to be repatriated.

Malaysia central bank unexpectedly cuts interest rates

All 10 economists surveyed by The Wall Street Journal expected Bank Negara Malaysia's monetary-policy committee to leave its rate unchanged.

Hong Kong tycoon Thomas Kwok freed on bail

It's been a while since I've had such a big smile.

Govt forms legal team to defend tax amnesty

The president has urged us to prepare the team, once the judicial review is officially filed with the Constitutional Court.

BTN Targets to Secure Rp30tn of Tax Amnesty Funds

Earlier, BTN has reportedly been appointed as a perception bank.

Pak, Swiss govt agree to review avoidance of double taxation pact

Earlier, the FBR team had struck an agreement during parleys held in 2014 that had severely compromised Islamabad stance negatively

Dhabi Global Market signs agreement with Shanghai free zone

The memorandum of understanding with the Shanghai Free Trade Zone Authority is designed to “foster collaboration and facilitate business developments in their respective markets", a statement from ADGM said.

Family businesses emphasise impact investing in philanthropy

Survey respondents see government incentives and regulation as key enablers of family business philanthropy.

London law firms shake off Brexit as revenues rise

Financial results published by the law firms showed that partners could on average expect to receive at least £1.2 million ($2.05 million) for the year.

Advice bodies at odds over professional standards

We consider that it is imperative that all three industry directors must have practical experience involved in a financial advice business or providing financial advice.

FBR set to nab influential tax evaders

In this regard, FBR Head Quarters Director Zafar Iqbal Khan has directed all directorates of FBR investigation wings to furnish performance review of audit regarding selected high net worth individuals' cases while the questionnaire has been dispatch

Legal, Regulation & Compliance