Can another 1MDB happen again?

The scandal has led to an eight to nine percent increase in the cost of anti-money-laundering compliance for companies over the past two years – and the amount is expected to rise by a similar percentage this year according to a recent survey


ASIC FAR, advice industry contract

The significant decline is likely a combination of natural attrition and also multitude of reforms impacting the industry at present such as education standards and changes to advice remuneration.


ANZ cleared of $50m fee bungle

It had provided the documented annual reviews from January 2014 to March 2018 to required clients and is expecting to complete remediation by mid-July for 1410 instances where annual reviews were not found to have been provided.


Noah receives advisory licences in Canada

With the new licences, the New York-listed Chinese wealth manager will be able to give financial advice to high net worth individuals and family offices in Canada.


Vanguard ties up with Ant Financial

The world’s second largest asset manager has set up a financial services joint venture with Alibaba affiliate Ant Financial, according to public records.