A litany of political factors are also weighing on Chinese interest in London, New York and Sydney, adding to the effect of capital curbs
The rules, which AMAC said are aimed at promoting orderly development of the private fund industry and protecting investors, come as Beijing accelerates opening of its fund industry to foreign asset managers.
Until 3 April 2018, Mr Ashkenazi was the only Australian resident director, and was the Chief Executive Officer of AGM
In the last five years there were about 70 money laundering convictions each year, and in 2016, six foreign nationals were convicted for terrorism financing offences.
Australians have grown accustomed to hearing apologies from the heads of the country’s wealthiest financial firms in response to the inquiry’s evidence of bribery, fraud, fee-gouging, predatory sales tactics, greed, and deception.