Managers of Wealth Asia Pacific

Former director of Australian Reliance and Reliance Franchise Partners permanently banned

Mr Hanson has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.

China's watchdog tightens rules for $1 trillion cash management market

The products regulated are those investing in monetary market instruments only and open for purchases and redemption on every trading day, the statement said.

Appleby's Hong Kong Office Acts as Cayman Islands Counsel for New Hope Service Holdings Limited

The Appleby team was led by Partner Judy Lee, supported by Legal Manager Minnie Choi.

DBS issues first tokenised bond on digital exchange

DBS' current transaction combines existing legal and tax infrastructure requirements with a direct issuance on the digital exchange in smaller lot sizes, according to a report.

First Financial cuts growth expectations for fee income

The company reported NT$5.03 billion (US$181.45 million) in net income in the first quarter, an increase of 71 percent from last year, or earnings per share of NT$0.39.

Hong Kong’s Proposed Licensing Regime for VASPs

The Proposal was prepared in line with the Recommendations of the Financial Action Task Force (“FATF”) on VASPs.

High number of advisers who passed FASEA exam do not practice

“Not all appear to be without a ‘job’,” Williams said.

Philippines Targets Ex-Wirecard COO

If found guilty, the charged individual could face up to 12 years of imprisonment and a maximum fine of around $42,000.

Halifax auditors face first criminal charges laid in Australia for failure to comply with auditing standards

EC Audit and Mr Evett are the first auditors in Australia to face criminal prosecution for an alleged failure to comply with auditing standards.

ASIC permanently bans Sydney financial planner

To prevent future harm to clients of financial services businesses.

Former mortgage brokerage company convicted and fined for knowingly making a false statement to ASIC

ACF held an Australian credit licence, and Mr Yang was the sole fit and proper person and responsible manager on the licence.

NAB advised of referral to Austrac enforcement team

“NAB has an important role in monitoring and reporting suspicious activity and keeping Australia’s financial system, our bank and our customers safe.

Australia's NAB reveals anti-money laundering probe, shares fall

The investigation would now be handled by AUSTRAC's enforcement team, the agency said.

Reassessment of FNZ/GBST deal confirms competition concerns

This is because FNZ and GBST, which are both providers of retail investment platform solutions, are close competitors and few other significant suppliers offer effective and competitive alternatives.

China ups fines and widens scope of draft money laundering law

Fines for offences will be increased to up to 2 million yuan, up from a previous maximum of 500,000 yuan, for failing to conduct due diligence on clients and reporting large or suspicious transactions.

Vietnam’s Data Privacy Decree: the Tip of the Global Compliance Iceberg

This move brings Vietnam in line both regionally and globally with other data privacy legislation, chief among these is the GDPR which is now celebrating its third anniversary.

"2L, or Not 2L, That Is the Question": Leading the Charge of Second Lien Financings in the European and Asian Fund Finance Markets

Facilities can be overcollateralized given that the borrowing base that lenders use to assess availability under a Facility often does not include all Investor commitments a Fund has access to, but the Security granted does extend to the right to call on

Legal, Regulation & Compliance