Managers of Wealth Asia Pacific

ATO asks multinationals to 'please explain' on profit shifting

The action relates to cases involving related-party financing and thin capitalisation rules.

In the wake of the Panama Papers: Strengthen tax administration, audit capacity, IMF tells govt

While owning offshore companies is itself not a crime, the Panama leaks are an especially touchy subject in Pakistan

ED’s raids on Sequoia Capital spook India’s star venture capitalists

The shock and surprise for the VC and private equity community have been both personal and systemic.

Shanghai banks ordered to cut ties with six property firms

The banking regulator has also asked seven Shanghai banks to stop giving housing loans to individuals for two months after they were found to have broken rules in making cash advances.

‘Massive fraud’ likely behind deal with Aabar BVI, says Arul

This revelation by Arul was made after Abu Dhabi-based International Petroleum Investment Company (IPIC) and Aabar Investments PJS recently declared they had no link whatsoever to Aabar BVI

Panama Papers implicate Pacific Island states

The micro-states are targeted by financial sharks because of the impoverished Pacific islands’ desperate need for foreign “investment.”

BOC (Hong Kong) approved to operate first Brunei branch

It's part of the bank's aggressive expansion plan along the Belt and Road Initiative routes

SECP proposes integration of NSS instruments into capital market

Integration of National Savings Scheme Instruments into the Capital Market: The National Savings Scheme in its current structure is a significant challenge for the reform agenda for Pakistan's debt capital markets.

Singapore raids brokers; exchange reports irregularities

Singapore has worked to restore confidence in the stock market after a penny-stock rout in 2013 that prompted the city’s largest securities-fraud probe

MAS says Singapore sound but warns of risks in Europe

The Hong Kong central bank and its exchange have also begun an assessment of the impact if Britain votes to leave the European Union in the June 23 referendum.

Singaporean Ex-BSI Private Banker Yeo Jiawei Charged Amid 1MDB Probe

A Singaporean ex-BSI private banker has been charged with receiving benefits from criminal conduct

HK Regulator In Talks With EU Markets Over Mutual Fund Recognition

Hong Kong’s securities regulator is in talks with certain European markets over the possibility of mutual fund recognition.

SFC bans Andrew Chow Ho Cheung for life

At the material time, Chow was responsible for introducing and selling investment products to customers of The Hong Kong and Shanghai Banking Corporation Limited.

RBI Issues Master Direction On Merger Of Private Sector Banks

The Reserve Bank of India today came out with master direction for merger of private sector banks and also between NBFCs and banks.

RBI Asks Banks To set Up Subsidiary For Investment Advisory Services

Banks that currently offer such services through an internal department will have to reorganize their operations within three years

Hogan Lovells builds team to specialise in transcending borders

To compete in such a market meant the new practice has been very selective about its first intake of partners.

Govt must support services exports through conducive policy: CIIKPMG report

A conducive regulatory environment and infrastructure could enhance India's global competitiveness in services

Corporate tax avoiders to be fast-tracked through courts, says ATO

The ATO believes the public is being short-changed by about $2 billion a year by corporate Australia.

Fitch Affirms Two Philippine Government Banks

Fitch believes the sovereign would have a high propensity to provide extraordinary support to the two banks in times of need, in light of their full government ownership and quasi-policy roles as set out in their respective forming charters.

China banks approved to invest in high tech firms: regulator

The banks are required to set up subsidiaries to carry out the investments, which can consist of equity or loan-linked investments, it said.

Legal, Regulation & Compliance