Managers of Wealth Asia Pacific

APRA’s plans to support small and medium-sized banks

The government welcomed all nine actions from regulators

ASIC secures million-dollar penalties from iSignthis and former director and CEO Nickolas John Karantzis

This conduct resulted in significant periods of time where both the market and investors were misinformed.

Beware of fraudulent documents purported to be issued by HKMA

The HKMA clarifies that the document is forged.

Four people charged with money laundering in fake investment scam

ASIC alleges that the four dealt with victim funds which were the proceeds of crime and were reckless as to whether those funds were proceeds of crime.

Japanese official: Bank of Japan may be behind the curve vs. inflation

The Japanese Yen (JPY) is holding its recovery near 147.25 against the US Dollar (USD) following these comments, with USD/JPY losing 0.07% on the day so far.

APRA increases capital requirement and imposes licence conditions on KeyInvest

KeyInvest is a life insurance company and friendly society that primarily offers funeral bonds.

Scam alert related to banks

They will not ask customers for sensitive information

SFC obtains six-year disqualification order against former vice-chairman and executive director of Zhongda International Holdings Limited

Although no allegation has been made that Zhang personally benefited from the unauthorised fund transfers or the disposal

Appleby’s Hong Kong Office Shortlisted for Five Awards in the ALB Hong Kong Law Awards 2025

This recognition reflects Appleby’s ongoing commitment to excellence, innovation, and leadership in legal practice

Ogier ranks as leading SPAC adviser with deals totalling more than US$7 billion in first half of 2025

The move away from Delaware has continued into this year.

Standard Chartered and Alibaba Group Sign Strategic Technology and Growth Partnership

Two industry powerhouses will work together to advance development and implementation of AI technologies

Aussie regulators update MOU to strengthen financial stability cooperation

The updated MOU sets out their respective roles for contributing to financial stability.

FNZ rejects $4.6bn lawsuit as ‘entirely without merit’

The claim names 17 current and former directors and accuses them of breaching fiduciary duties, acting oppressively and authorising transactions that were not on commercial terms.

Banks to put more than $93 million back in the pockets of low-income customers after charging excessive fees

ASIC Chair Joe Longo said, ‘Despite the improvements banks have made during our surveillance, there is clearly work to be done.

Former financial services company director charged with dishonest conduct

The charges relate to allegations that between 11 December 2018 and 9 October 2019

Deutsche Bank and Singapore EAM set for high court showdown

Invest Partners Capital Group is suing the German lender for breaching an EAM agreement, alleging the bank poached one of its corporate clients.

SFC and ICAC joint operation against suspected market manipulation and corrupt practices leads to arrest of two former senior executives of listed company

During the joint operation, the SFC and the ICAC searched 14 locations, including the offices of the listed company and SFC-licensed brokers.

HKMA: Many Stablecoin Applicants Will Be Disappointed

In anticipation of stablecoin debuts, a number of locally listed stocks have garnered strong investor demand based on mere press releases.

ASIC bans a further two financial advisers of MWL Financial Services

ASIC has reason to believe that each of the advisers is not a fit and proper person, is not adequately trained or competent and is likely to contravene a financial services law.

Court-appointed administrators successfully distributed $19 million of assets to clients of Hong Kong Wan Kiu Investment Company Limited

The SFC’s legal proceedings arose from an investigation after detecting signs of financial irregularities on the part of HKWK.

Legal, Regulation & Compliance