Managers of Wealth Asia Pacific

HKMA takes disciplinary actions against four banks

In addition, all four banks contravened the requirement of establishing and maintaining effective procedures for carrying out their duties in relation to ongoing CDD under the AMLO,

Standard Chartered facing court case

Standard was hit by a further £900million fine in April 2019 for breaching the sanctions after a US investigation found it had been dealing with Iranian, Cuban and Sudanese individuals and entities.

HKMA takes disciplinary actions against four banks

In addition, all four banks contravened the requirement of establishing and maintaining effective procedures for carrying out their duties in relation to ongoing CDD under the AMLO,

HKMA takes disciplinary actions against four banks

In addition, all four banks contravened the requirement of establishing and maintaining effective procedures for carrying out their duties in relation to ongoing CDD under the AMLO,

ASIC consults on updates to relief for superannuation calculators and retirement estimates

ASIC is inviting feedback on CP 351 from industry participants, consumer groups, actuaries and other interested stakeholders.

BVI vs Hong Kong: The Incovenience of Forum Non Conveniens

Recently, the law surrounding jurisdiction challenges was considered in some detail in the long running case of Livingston Properties Equities Inc v JSC MCC Eurochem [2020] UKPC 31.

Former NSW financial adviser pleads guilty to dishonest conduct and using fabricated evidence

The matter has been adjourned to the Sydney District Court for mention on 10 December 2021.

ASIC consults on consumer remediation draft guidance

The draft guidance is comprehensive and makes allowance for licensees to tailor it to the circumstances of their particular remediation.

APRA imposes additional licence conditions on trustee of Energy Industries Superannuation Scheme

The conditions are designed to address concerns arising from APRA’s investigation into expenditure and governance matters at EISS that commenced in May this year

APRA agrees to court enforceable undertaking from AMP Super over compliance deficiencies

APRA recognises AMP Super’s improvements, but believes these must be further embedded and operationalised.

AMP enters into enforceable undertaking with APRA

Our business

The Alliance for Green Commercial Banks Organised the 3rd Roundtable in Climate Risk

The third roundtable commenced with opening remarks from Mr Peter Cashion, Chief Investment Officer and the Global Head of Climate Finance, Financial Institutions Group, IFC; and keynotes by Ms Pratima Divgi, Regional Director, CDP Hong Kong.

Hong Kong publishes policy on commitments under the Competition Ordinance

It allows businesses which have cooperated with the commission in good faith an effective way of drawing a line and moving on from any contravention of the Ordinance.

ASIC files contempt application against James Mawhinney

ASIC also alleges that Eleuthera Group Pty Ltd carried on a financial services business in Australia without holding an Australian financial services licence when it was required to do so.

China proposes further clarifications to its data security and management regime: businesses to take note

Public consultation and, for large platforms, regulatory approvals, are required to implement certain rules and policies, which could significantly slow the ability of platforms to adjust data practices to new competitive and regulatory developments.

Carey Olsen leads offshore firms as it is recognised as one of the best law firms in Singapore

The firm's Singapore office topped the offshore category with a five-star rating after securing the highest number of recommendations of the five firms recognised.

Withers: One of Singapore's Best Law Firms 2022

With 18 offices around the world including in Singapore, Hong Kong and Japan, we’ve structured our teams to be able to give cohesive advice across jurisdictions.

ASIC consults on remaking class order on PDS requirements where a quote for a general insurance product is given

Consultation Paper 349 outlines ASIC's rationale for proposing to remake the instrument.

HSF: Financial Regulation Weekly Update

ESG poses challenges to banks in many forms

"I promise not to promise" - International Mediation and measures to safeguard against Guerrilla tactics

The Singapore Convention marked a critical milestone in the development of mediation as alternative dispute resolution for commercial disputes.

Legal, Regulation & Compliance