Post-1MDB, the Monetary Authority of Singapore (MAS) has reinforced its focus on anti-money laundering (AML). Damayanti Shahani provides a snapshot of what a fund management firm can expect.

Post-1MDB, the Monetary Authority of Singapore (MAS) has reinforced its focus on anti-money laundering (AML). Damayanti Shahani provides a snapshot of what a fund management firm can expect.
Investors across China are continuing to support the founder of an alleged Ponzi scheme, even after he turned himself into police, despite standing to lose CNY70bn ($10.8bn).
Asset managers selling Ucits products in Asia are now subject to new Mifid II rules, which will force decisions on their strategy for research, said Maurice Meijers, CEO of Robeco Singapore.
The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license.
A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
Japan and Australia have announced regulatory initiatives aimed to bring them closer to full implementation of the Asia Region Funds Passport (ARFP) scheme in 2018.
As Hong Kong’s asset management industry grows, the Securities and Futures Commission (SFC) issues new guidance on sales practices and managing conflicts of interest.
Actively managed exchange-traded funds (ETFs) are among the proposals that Hong Kong’s financial regulator has put forward in its newest three-month consultation process.
Are there legitimate uses for bitcoin? EFG Asset Management’s head of research and deputy CIO Daniel Murray says that bitcoin is not a currency, but suggests three possible reasons why people would invest in it.
China’s increasingly complex financial system “has sown financial stability risks”, and high yield products from asset managers are part of the problem, the IMF said in its recent report.
Part of the Mark Allen Group.