Managers of Wealth Asia Pacific

Seychelles is ‘open to assist’ Sri Lanka with Rajapaksa money-laundering investigation

The government of Seychelles has said it will assist with all formal requests for an investigation into the assets of Sri Lanka’s former president.

What will a Chinese Fatca mean for financial institutions?

China has announced plans to implement a law that is similar to Fatca

UBS Global AM exec tips more QE

Now that central bankers seem comfortable with quantitative easing, there is likely to be more of it, says Curt Custard, head of global investment solutions at the Swiss firm.

China, Switzerland sign deal on yuan trading in Zurich

The deal was concluded during the visit of Chinese Prime Minister Li Keqiang to the World Economic Forum in Davos.

HKMA to tighten screws on money laundering at Hong Kong banks

Suspicious transaction reports received by police rose 15.4 per cent last year to 38,000

RMB500m missing from bank accounts in China in past 3 months

Police later found that a combined total of 95 million yuan (US$15 million) had disappeared from the accounts of 42 different bank clients.

Hong Kong police investigate Birmingham City’s ‘missing’ £2.55m

The BIHL statement did not name the former employee

Chinese regulator sets up department to supervise trust firms

Core reasons for the reform are to "strengthen on-site inspection and supervision"

Standard Bank Seen Writing Off Metal Held in China Probe

The Johannesburg-based lender has already written down the value of the metal by about half and said last month that any recovery was highly uncertain.

Bid for pan-Asian ‘passport’ for managed funds

THE federal government is advancing plans for a pan-Asian “passport” for managed funds, with new Assistant Treasurer Josh Frydenberg declaring it would provide a major fillip to Australia’s financial exports.

BEA Union on hiring drive, readies funds

Having rebuilt its team following a string of departures over the past two years, the firm is now looking for talent to bolster its operations as it sets out to launch a string of new products.

China's CITIC Securities pledges to fix margin trading business after reprimand

Top Chinese brokerage CITIC Securities Co Ltd admitted it had violated rules in its margin trading business and pledged to correct its mistakes after regulators clamped down to help cool the red-hot stock market.

Schroders Singapore granted RQFII status

The RQFII licence will be used for its UCITS fixed income fund

Former minister Harshwardhan Patil under ACB scanner

Congress leader and former cooperative department minister, Harshwardhan Patil is under the anti-corruption bureau scanner.

Consortium comprising DBS shortlisted to buy Coutts: Sources

A consortium comprising Singapore’s DBS Group Holdings is among the shortlist of banks for the second-round sale process of Coutts International

CBRC eyes new trust body to combat risk: reports

Their wide remit enables them to roll out a range of services in response to market change.

Tax uncertainty still looms over offshore fund regime

The Securities and Exchange Board of India's moves to help domestic fund houses manage more foreign capital is likely to need some assistance from the revenue department.

RBNZ wins Central Bank of the Year award

The Reserve Bank of New Zealand, which led industrialised nations in first starting to raise rates after the financial crisis, has won the Central Bank of the Year award.

Standard Chartered May Take Commodities Provision: Credit Suisse

The bank faces an increase in risk-weighted assets of $24 billion “as the riskiness of the commodities portfolio is re-assessed,” Credit Suisse analysts led by Carla Antunes-Silva, with an underperform recommendation on shares, wrote in a note

Broker returns to face charges

A New Zealand-based money broker will return voluntarily to his former home of Britain this year to face fraud charges and allegations he tried to manipulate international banking rates.

Legal, Regulation & Compliance