Managers of Wealth Asia Pacific

Malaysian law firm representing prime minister might sue WSJ

They were provided with a number of documents and materials to aid with the investigations currently taking place.

IOOF scandal: shades of grey in whistleblower revelations

IOOF boss Chris Kelaher and his chief of investigations Rob Urwin will be fronting a Senate committee today secure in the knowledge that they will get a going-over from Labor terrier Sam Dastyari and committee chairman John Williams, the Nationals’

IOOF compensated 57 clients for poor advice in the past two years

IOOF has paid $2.8 million in compensation to 57 customers of its authorised financial planners during the past two years

NZ's FMA settles with Hanover Finance

Failed property financier Hanover Finance Group has settled with New Zealand's Financial Markets Authority over claims it misled investors in 2007 and 2008.

Sealed HSBC report shows US managers battling clean-up squad

HSBC agreed to submit to the monitor's oversight in late 2012, as part of a pact with the US Justice Department that required it to bolster its in-house controls.

Exim Bank, FICCI mark Africa-India Partnership Day in Ivory Coast

Under ITEC, the Indian government extends fully paid scholarships to participants in developing countries for studying a diverse range of subjects.

Malaysia freezes bank accounts linked to PM amid corruption allegations

The existence of the documents, which allegedly show $700 million was wired from entities linked to 1MDB into Najib’s accounts

China freezes IPOs to stem market tumble

DIVERSIONS:The State Council’s order affects 10 firms planning to list on Shanghai’s exchange and 18 on Shenzen’s bourse after Chinese stocks entered a bear market

Key whistleblower hits out at witch-hunts

One of the financial services insiders who first raised the alarm about Trio/Astarra, Dominic McCormick, has strongly criticized the media's coverage of alleged problems with IOOF

Keeping ahead of the compliance curve

In an evolving regulatory environment, it is important that institutional investors are kept abreast of regulatory and compliance issues

China’s Mutual Recognition of Fund Scheme Draws First Applicants

Eleven international asset managers have applied to take part in China’s mutual recognition of fund scheme

Disclosures to enjoy immunity under FEMA: Black Money FAQs

The government will give immunity from prosecution under FEMA

Greek co wants damages from Indian-origin investor and Softbank VC Nikesh Arora

A Greek company reportedly filed a lawsuit in a New York court against Softbank's Indian-origin Vice Chairman Nikesh Arora.

APRA releases information paper on outsourcing involving shared computing services, including cloud

The Australian Prudential Regulation Authority today released an information paper on prudential considerations and key principles in relation to outsourcing involving shared computing services, including cloud.

25 Chinese mutual fund houses seek to speed up application and issuance of equity funds

The announcement follows near-daily government policy moves over the past week

Singapore to remove distinction between international and domestic banking

The divide also made it easier to offer incentives to encourage offshore banking activities out of Singapore, Tharman said, but focusing incentives in the ACU.

Malaysian Leader Faces Risk of Criminal Charges Over Fund

It is one of the worst political crises for Najib, who has come under increasing criticism over his leadership.

Common reporting standards: Expanding the landscape of financial information reporting

The Philippine and US governments are expected to soon sign the Inter-Government Agreement which will provide guidance on how financial accounts of US persons should be reported to the US Internal Revenue Service to comply with the Foreign Account Tax Com

WSJ: 1MDB's RM2.6b found in 'PM's accounts'

In another sensational expose, The Wall Street Journal (WSJ) reported today that Malaysian investigators have traced nearly US$700 million of deposits into what they believe are personal bank accounts of Prime Minister Najib Abdul Razak.

Singapore tweaks proposed real estate investment trust market reforms

It also increased the limit on property development activities to 25 percent of a REIT's assets, from 10 percent, to allow more operational flexibility.

Legal, Regulation & Compliance