MAS slaps lifetime ban on ex-wealth manager in 1MDB action
The Monetary Authority of Singapore (MAS) has issued prohibition orders against those involved in the 1Malaysia Development Berhad (1MDB) state fund breach, one of the world’s largest money laundering scandals in recent history.
HK to conduct review on fund industry’s tax concerns
The Hong Kong government will be conducting a comprehensive review of the existing tax concessions applicable to the fund industry, according to Paul Chan, Hong Kong’s financial secretary.
ICI: Tax neutrality would help stalled fund passport scheme
Broadening fund distribution channels and providing tax neutrality will help the delayed Asia Regional Funds Passport (ARFP) scheme progress, says ICI Global.