Managers of Wealth Asia Pacific

1MDB denies misled auditors on Cayman funds

1MDB reiterated that it has already brought home over RM4 billion from the tax haven

Government stake dilution not sufficient for Basel III: RBI

Centre viewing to scale down their holdings in PSBs to 52 per cent

Hong Kong reforms: Li Ka-shing urges lawmakers to act

Hong Kong's richest person, Li Ka-shing, has urged lawmakers to pass controversial reforms that will change how the territory's leader is elected.

New Year promotions at Collas Crill

In the firm's top-tier Dispute Resolution team, Simon Hurry (Jersey) and Ben Havard (Guernsey) have both been promoted to Senior Associate. In Collas Crill's Singapore office

ASIC probes senior trader Paul Woodward

A Senior ASIC probes senior trader Paul Woodward

Bank Negara grills top executives as 1MDB fails to settle RM2 billion debt again

Not only is heavily indebted 1Malaysia Development Bhd getting a new chief executive officer, but it has also failed for a second time to pay a RM2 billion loan to local lenders due on December 31 last year.

All offshore accounts not illegal but offshore black money has to be brought back

India's topmost law officer, Attorney General of India Mukul Rohatgi, walks the corridors of India Inc and the Government of India with equal ease.

State sharia banks may merge this year

State-owned sharia banks and units seem likely to merge to form a new large sharia-compliant lender this year as regulators and the government are currently preparing the right scheme for it.

Executives at parent firm of Credit Suisse's China partner summoned in probe

The statements closely followed an announcement by Founder Securities on Friday that a court had frozen 1.77 billion yuan ($285 million) in its bank accounts, in connection with a dispute with Beijing Zenith Holding Ltd, its second-largest shareholder.

Sebi to bar wilful defaulters from raising funds, takeovers

To sternly deal with wilful defaulters, market regulator Sebi on Tuesday proposed barring such entities from raising funds from the capital markets

FDI changes in insurance norms may benefit small local partners

The Cabinet, through an Ordinance, has raised the FDI limit in insurance to 49%, recommending a composite cap of 49%, which would include all forms of foreign direct investments and foreign portfolio investments

Ex ING SITC vice president jailed for embezzlement

The China Post previously reported that on occasions when Mr. Hsieh had inside information that certain shares might drop in value, he sold his own shares first and government stakes later.

HSBC, Hong Kong Under Scanner As US Steps Up Investigation Of American Tax Frauds

Official with the U.S. Internal Revenue Service (IRS) are currently deployed in foreign jurisdictions, including the American consulate in Hong Kong

Moody’s Hearing, Meinl Charges, Schutz on Banks: Compliance

Moody’s filed a challenge to the tribunal on Nov. 24 to the SFC’s reprimand

Money launderers invent new ways

Money launderers are coming up with new and inventive ways to go about their financial crimes

Ex-president's illegal gains, fines amount to NT$1 billion

Taipei, Jan. 5 On a day when former President Chen Shui-bian was released on medical parole, the Supreme Prosecutors Office issued a reminder Monday that Chen and his family have racked up illegal gains and fines of NT$1.01 billion so far.

Asia to test bond record again in 2015

Barclays is forecasting volumes in Asia, excluding Japan and Australia, to rise 10% in 2015

Korean banks pressured to regain trust after fraud cases

The Financial Supervisory Service is poised to take disciplinary action in the next two months against officials involved in loan fraud at KT ENS, the accounting fraud at Moneual and Shinhan Bank's illegal access to customer accounts.

Experts call for eased regulations

Under the rule, tech companies including Daum Kakao and Naver are not able to set up online banks, causing the already weak local fintech industry to lag further behind other nations.

Indonesia & Malaysia Support Banking Integration in ASEAN Region

The website of Bank Indonesia states that ABIF “provides an operating framework for ASEAN member states to implement principles and the integration process in the banking sector to support the ASEAN Economic Community (AEC) [which is to be implement

Legal, Regulation & Compliance