Managers of Wealth Asia Pacific

Futu, Tiger Brokers fall sharply as Chinese central banker warns on offshore trading by online brokers

China’s strict data privacy law goes into effect on November 1, raising risks for online brokers, state media said recently

Two charts that show why you should ignore China’s index

Despite the doubters, China has not become uninvestable. But which Asian stock market has performed best since the MSCI China index was launched in 1992? Clue: it’s not China.

China warns unlicensed online brokerages they are breaking the law

Nasdaq-listed shares of Futu and Fintech have since plunged, amid concern that the sector will be next in Beijing's regulatory crosshairs

Victorian director disqualified for two years and six months

Showerline and Gracro were involved in the manufacturing and selling of bathroom and/or plumbing goods.

HK regulator bans Standard Chartered manager for life

The disciplinary action follows Lau’s convictions under the Prevention of Bribery Ordinance (POBO) in May 2018 and the SFO in September 2020.

Surveillance of investment switching by super fund executives identifies concerns with trustees’ conflicts arrangements

ASIC will continue to follow up with trustees about areas for improvement in their conflict management frameworks.

ASIC quarterly update July to September 2021

"We continue to work closely with market operators to identify and disrupt actions that threaten the integrity of markets"

Singapore: Withers KhattarWong represented Blue Ocean Resources Limited in successful restructuring

The team prepared and reviewed, negotiated and advised on all documents related to the scheme including the scheme document itself and the transaction agreements relating to the restructured facility and its related security documents.

Hong Kong Authorities Target Property of Security Law Violators

NSL was imposed by Beijing to Hong Kong on June 30 last year, prohibiting any activities deemed as subversion, secession, terrorism or colluding with foreign forces with a maximum penalty of life in prison.

MAS consults on FI-FI Information-Sharing Platform for AML/CFT

FIs will also be able to review the risk information shared on the platform using data analytics to disrupt illicit transactions.

ASIC sues former Freedom Insurance director and consultant over insurance sales incentive programs

ASIC is seeking declarations, civil penalties, injunctions and disqualification orders against Mr Cohen, and declarations and injunctions against Mr Oayda.

HSF Financial Regulation: Weekly Update

Entity to pay $20 million penalty for misleading superannuation members

China’s central bank continues to tighten regulation of fintech

Chinese authorities have taken a series of recent measures on fintech regulation.

launches financial restructuring practice in Asia

In the financial restructuring scene, law firms work in tandem with consulting firms and restructuring boutiques to provide an integrated offering to clients – typically debtors, creditors, private equity, distressed companies and hedge funds. Deche

ASIC bans Melbourne-based adviser for six years

Mr Sherwal also failed to comply with the additional disclosure requirements when providing product switching advice.

Singapore: Better safe than sorry – How to manage data breaches

A disaster recovery plan must also be put in place to minimise the impact of a breach.

China’s self-inflicted woes and the renminbi

To achieve both objectives, it is preferable for the exchange rate to remain stable.

SFC reprimands and fines Ample Capital

Settlement of payments through third parties by a customer is a red flag as they might be used to disguise the original source of funds and facilitate a fraudulent scheme.

APRA finalises guidance for new prudential standard on remuneration

APRA Deputy Chair John Lonsdale said: “Effective implementation of CPS 511 will strengthen the resilience of the financial sector and rein in the kinds of poorly designed remuneration practices that have damaged community trust and prudential soundn

AAT varies ASIC ban of former Spectrum Wealth director

Mr Schroeder appealed ASIC’s decision to the Tribunal.

Legal, Regulation & Compliance