Managers of Wealth Asia Pacific

New Zealand: Anti-Money Laundering – critical compliance date looms

The first report is for the period from 1 July 2013 to 30 June 2014

Standard Chartered Aims to Fix Money-Clearing System

Bank's Allegedly Flawed Systems Were Root of $300 Million Settlement With New York State

Macquarie's dirty little secret: Select clients were spared in BrisConnections float

The investment bank allowed some wealthy customers to pull out of the BrisConnections initial public offering in 2008 when it looked like the float was going to tank, according to seven current and former Macquarie staff.

Standard Chartered reaches a settlement with the New York State Department of Financial Services

If a bank fails to live up to its commitments, there should be consequences

Ashurst hires major restructuring team in Asia

The team, which comprises Bertie Mehigan, Joel Hogarth, Ratih 'Ipop' Nawangsari and Debby Sulaiman, has acted on some of the most significant and high profile restructuring matters in the region over the last ten years, particularly in Indonesia

Macquarie linked to bankrupt Chinese property developer

A Macquarie-backed trust company has been caught up in China’s shadow banking woes following reports that one of its property development clients is bankrupt.

PwC takes on Aussie legal market with hire of ex-KWM partners

The Australian launch is part of a wider plan to transform PwC Legal into a top 20 global player within the next five years

Singapore bank reforms prioritise local depositors

It follows other countries such as the US in requiring foreign banks with a significant presence to locally incorporate.

Banks told to cover all their problems

Australia's big four banks along with AMP Limited, Suncorp, Macquarie Bank and Challenger have been warned by the Australian Prudential Regulation Authority (APRA) that their conglomerate status will now allow them the luxury of avoiding losses incur

Malaysia Airlines MH370: Two arrested as £20,000 siphoned from passengers' bank accounts

HSBC takes the security of customer accounts very seriously

China's bank cleanup is gaining momentum

That tally is expected to jump to more than $US300bn in the next five years, according to the banking regulator.

Macquarie Private Wealth remediation suggests a new approach from the regulator

With the enforceable undertaking (EU) against Macquarie Private Wealth moving into the remediation phase on Friday, it appears the regulator may be adopting a new template for tackling problems in the financial advice sector.

ARC confirms £48m legal action against ex-trust manager

In 2010, Capital Partners had arranged an equity purchase agreement for RMB480m of stock in Orient Home

Korean Supreme Court Rules in Favor of Goldman Sachs in a Fund Refund Case

In a lawsuit surrounding the retirement pension fund refund, Supreme Court justices ruled in favor of Goldman Sachs against the plaintiff Kyobo Life.

Macquarie forced to contact 160,000 clients over bad advice

The corporate regulator has warned there remain widespread shortcomings in the financial planning industry as it announced a dramatic escalation of its actions against Macquarie Group

Brazil denies links with property firm EcoHouse

Up to 1,500 investors in Singapore have reportedly poured S$70 million into projects linked to the UK-based company.

Exclusive: PwC beats globals to get former KWM heads

Former King & Wood Mallesons managing partners Tony O’Malley and Tim Blue have chosen to join PwC over global suitors including White & Case.

China sacks anti-monopoly adviser over Qualcomm payment: Xinhua

Against this backdrop, hiring relevant 'experts' from government departments to 'speak on behalf of foreign companies' is a violation of discipline

Bribe-for-credit scam: Boutique investment firms under scanner

These 'conduits' are suspected to have influenced the decisions at banks and other financial institutions by paying bribes to their senior officials

China says 18 fugitives linked to financial crimes now captured in overseas manhunt

Those arrested include two bank fraudsters who surrendered to Cambodian authorities

Legal, Regulation & Compliance