Managers of Wealth Asia Pacific

AFSL deficiencies identified at Sanlam Private Wealth

It offers portfolio services, funds management, wealth advisory and corporate finance.

SFC and SAFE Top Management Meet in Beijing

The two sides exchanged views on the recent financial market situations in the Mainland and Hong Kong and will further cooperation in actively promoting the internationalisation of renminbi

Thai government says Bank of Thailand chair appointment won’t take too long

The seven-member panel of former civil servants and regulators will need to decide on the best strategy under the rules

Bank of Korea governor says monetary easing this year will be flexible

This year, conditions surrounding our economy will be more difficult than ever before,” Bank of Korea (BOK) governor Rhee Chang-yong said in a New Year’s address.

Choose Fit Notes or Digital Gifting this Lunar New Year for a Greener Future

This resulted in emissions savings of around 408tCO2e, equivalent to the annual emissions from powering about 220 four-room public housing flats.

SingPost board outlines details of proceedings that led it to fire CEO and 2 senior executives

The termination of senior management was a carefully considered decision by the board, based on established facts and supported by legal advice

SFC reprimands and fines Ever-Long Securities Company Limited $3 million for sponsor failures

Under this business arrangement, the top customer was able to utilise the vessels to provide bunkering services to its customers, which included another connected person of Coastal (Connected Person B).

Liquidators' duties in investigations and asset recovery in Singapore

The Singapore High Court has recently provided helpful guidance to liquidators in charting out their duties and responsibilities

Sanlam admits to inadequate oversight of authorised representatives

A number of those CARs were fintechs who offered online trading platforms and crypto-based investment products that posed risks to retail clients.

Former Citi Trader Wins Hong Kong Employment Case

Lui was part of a team of Hong Kong-based traders who were fired more than five years ago for misrepresenting the nature of trading positions to a client.

ASIC suspends AFS Licence of Equitise Pty Ltd

Equitise may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

HKMA and CBUAE deepen financial market co-operation between Hong Kong and UAE

Under the MOU, the two authorities have agreed to establish connectivity of the debt capital markets and the related financial market infrastructures between Hong Kong and the UAE,

Korea Said to Fine Barclays, Citi for Naked Short Selling

The final penalties by the SFC were roughly 80% lower than the fines proposed earlier by the Financial Supervisory Service as the commission deemed the banks’ violation of rules as unintentional

SFC and CSRC top management meet in Beijing

The two sides followed up on items of cooperation raised at November’s high-level meeting and explored ways to further strengthen regulatory cooperation, enhance the mutual market access scheme

ASIC sues crypto company Binance Australia Derivatives for consumer protection failures

Retail clients trading financial products, in this case, crypto derivative products, have important rights and consumer protections under Australian financial services laws.

Spanish Golden Visa Program Set for Potential Changes by 2025

This development creates a limited window of opportunity for individuals interested in securing a Spanish Golden Visa under the current regulations.

ASIC sues HSBC Australia alleging failures to adequately protect customers from scams

Between January 2020 and August 2024, HSBC received approximately 950 reports of unauthorised transactions, resulting in customer losses of about $23 million.

China’s woes drive shift to looser monetary policy

The announcement on 9 December builds on a series of stimulus measures rolled out by China in recent months.

Website and Internet Banking Login Screen Alert – Fraudulent website and internet banking login screen related to China CITIC Bank International Limited

The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions.

ASIC accepts court enforceable undertaking from Northern Territory pawnbroker for unlicensed credit

Lend NT and Ms Te Maro admitted that Lend NT contravened sections 29 and 32 of the National Credit Act by providing Drive Away Loans to consumers.

Legal, Regulation & Compliance