Family office digital assets are becoming an increasingly important component of investment portfolios, although regulatory compliance and reporting remain major obstacles for many wealth managers, according to a survey by Ocorian. The study covered 200 family members and senior executives representing family offices with combined assets of approximately USD119.37bn. The survey found that 86% of respondents already include cryptocurrencies and other digital assets within thei

GPIF asset allocation is unlikely to undergo a major overhaul despite recent government calls for Japan's state pension funds to increase investment in domestic assets, according to people familiar with the matter. The comments ease speculation that the Government Pension Investment Fund could significantly redirect capital into Japanese financial markets. Finance Minister Satsuki Katayama recently suggested pension funds should substantially increase investment in domestic a

Singapore AML guidance has been refined to clarify that property developers should apply enhanced anti-money laundering checks only to higher-risk home buyers, reinforcing a risk-based approach to customer due diligence rather than blanket scrutiny across all property transactions. In a circular, the Urban Redevelopment Authority (URA) said standard identity verification and database screening would generally be sufficient for most purchasers. Additional due diligence, includ

Taiwan's financial sector is set for further consolidation after the Financial Supervisory Commission approved two significant transactions involving banking and insurance groups. The approvals cover the merger of Bank SinoPac and King's Town Bank, together with E.Sun Financial Holding's acquisition of Mercuries Life Insurance. Bank SinoPac will become the surviving entity when the merger takes effect on 1 January next year, creating a lender with 189 branches, the second-lar

Indonesia is considering sweeping tax incentives to support a proposed international financial centre as the government seeks to attract global capital, financial institutions and family offices. The Indonesia financial hub proposal includes extensive fiscal incentives aimed at strengthening the country's competitiveness as a regional investment destination. Lawmakers discussed legislation that would provide a 100% corporate income tax reduction for qualifying businesses and