Managers of Wealth Asia Pacific

Implementing Rules and Regulations on VAT on Digital Services

DSP refers to an individual or juridical, resident or non-resident supplier of digital services to a buyer who uses the digital services in the Philippines.

HKMA plans to launch US$13.7 billion facility to support yuan-settled international trade

HKMA to unveil RMB Trade Financing Liquidity Facility on February 28

Singapore Police Can Now Freeze Bank Accounts Under New Scam Law

Scams have become a serious issue in Singapore.

BOJ discussed worries about price upward deviation in January

Many members supported the idea of raising the bank's policy rate, with one opinion calling for a hike to 0.5%.

Banks still lack internal control, risk management: FSS

KB and NH Nonghyup were found to have been involved in inappropriate loans totaling 89.2 billion won and 64.9 billion won, respectively.

APRA increases transparency with enhancements to annual superannuation publications

The first release of expenditure data occurred in October last year.

HKMA’s Response to US Fed’s Interest Rate Decision

Interest rates in Hong Kong might still remain at relatively high levels for some time, and the extent and pace of future US interest rate cuts are subject to considerable uncertainty.

SFC reprimands and fines Hang Seng Bank Limited $66.4 million for misconduct in selling practices of investment products

The frequent trades in CIS products resulted in significant transaction costs borne by the clients, which greatly affected their overall profit and loss.

Hang Seng Fined for Sales Misconduct, Overcharging

The violations were found from findings via the Hong Kong Monetary Authority’s investigations as well as self-reporting by the local lender.

Japan ready to join ‘global club of normalised monetary policy’

The Bank of Japan hiked interest rates to their highest level in 17 years on Friday, but investors reckon the outlook for equities is benign.

ASIC’s Moneysmart encourages Australians to stick to their financial goals in 2025

The research revealed that while more than half of those surveyed plan to set a financial goal, only about 1 in 8 (12%) manage to stick to it.

Ex-director at corporate service provider linked to S$3 billion money laundering scandal handed 15 charges

These range from engaging in a conspiracy to falsify accounts to forging documents to cheat DBS, OCBC

Labuan Financial Services Authority is Committed to Preserving Integrity of Labuan IBFC

Labuan FSA wishes to emphasise our zero tolerance for any breaches of the law.

ASIC invites feedback on proposed remake of employee incentive scheme instrumentsASIC invites feedback on proposed remake of employee incentive scheme instruments

Employee share schemes are now operated under Division 1A of Part 7.12 of the Corporations Act 2001.

ASIC consults on relief for business introduction services

The Instrument does not provide relief from the Australian financial services (AFS) licensing requirement.

China central bank governor Pan meets BOE's Bailey in Beijing

Pan met top executives at HSBC, Standard Chartered Bank and London Stock Exchange on Friday, the PBOC said.

UBP appoints Philippines market head

Jamian Lai joins from Headline Asia, where he was most recently venture partner and head of investor relations.

HKMA CEO Defends US Dollar Peg

The peg between the Hong Kong dollar and the greenback has once again come into the spotlight.

Website and Internet Banking Login Screen Alert – Fraudulent websites and internet banking login screens related to Nanyang Commercial Bank, 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.

Government announces details of enhancement measures for New Capital Investment Entrant Scheme

The New CIES has attracted high-net-worth individuals, business elites and innovative entrepreneurs.

Legal, Regulation & Compliance