Fraud, Scams & Cybercrime

BSP Directs FIs to Monitor for Election Fraud Red Flags

27/03/2025

Red flags include a surge in account registrations in areas known for vote buying/selling and large cash transactions during the election period.

Payments & Settlements

AusPayNet Launches Industry Code for e-Conveyancing Payments

27/03/2025

AusPayNet says the new industry code will enhance security, standardise and provide efficiency to e-conveyancing payments.

Conduct, Culture & Accountability

ASIC Issues Updated Guidance on Holding Virtual Meetings

27/03/2025

The updated guidance sets out ASIC’s expectations on holding virtual meetings and includes the option to use telephone lines and webcasts.

Payments & Settlements

Taiwan Launches New QR Code Payment Service for Travel

25/03/2025

Nine participating financial institutions will offer a 100 percent rebate on fares paid with “TWQR QR Code for Travel” until 31 December.

Credit Risk

SFC Penalises Brokerage and MiC for Poor Margin Financing Controls

25/03/2025

The SFC fined Enlighten Securities HKD 5 million and suspended its manager-in-charge for seven months.

Structural Regulation

HKMA Relaxes Wealth Connect Limit for Overseas Incorporated Banks

25/03/2025

HKMA has raised the customer limit for non-locally incorporated AIs providing southbound WMC services to non-private banking Mainland customers.

Fraud, Scams & Cybercrime

HK Considers Allowing Banks to Freeze Scam-Linked Accounts

24/03/2025

HKPF and HKMA are in talks with banks on a mechanism to freeze accounts linked to fraudulent activities.

Trading & Investment

HKEX List Asia’s First Single Stock Leveraged & Inverse Products

24/03/2025

The new products provide leveraged and inverse exposure to US-listed Berkshire, Coinbase, MicroStrategy, NVIDIA, and Tesla.

Credit Risk

Hong Kong SFC Issues Further IPO Subscription Guidance

21/03/2025

The SFC has directed licensed corporations to stop engaging in “imprudent and aggressive” IPO financing practices.