AML / KYC

Seven Arrested in Hong Kong’s Largest Ever Money Laundering Case

19/02/2024

The case involves a total of about HK$14 billion of suspected crime proceeds. HK$185 million in assets has so far been frozen or seized.

AML / KYC

SkyCity Facing NZ Court Proceedings for Alleged AML Failures

19/02/2024

The DIA alleges that SkyCity did not meet various obligations required under the AML/CFT Act.

Market Infrastructure

HKMA Sets Out Resolution Planning Expectations in New Guidance

17/02/2024

A new chapter has been added to the Code of Practice setting out the measures banks should have in resolution plans.

Enforcement

Korean Prosecutors Search HSBC, BNP Offices in Short Selling Probe

16/02/2024

The searches are part of a mandatory criminal investigation for violations of the Capital Markets Act.

Enforcement

ASIC to Hold Directors Accountable for Unethical Lending

10/02/2024

Deputy Chair Sarah Court said ASIC will not hesitate to step in to protect vulnerable Australians from unethical lending practices.

Crypto / Digital Assets

Korea: Regulator May Be Forcing Binance to Sell GOPAX Stake

09/02/2024

A year after Binance bought a majority stake in crypto exchange GOPAX, the regulator still has not approved the shareholding revision.

Fintech / Regtech

Operational Procedures Updated for GBA Fintech Facility

09/02/2024

The HKMA, PBOC and AMCM updated their operational procedures to reflect Macau’s participation in the facility.

Securities / Derivatives

ASIC Offers Limited Relief for Unfair Contract Terms Regime

09/02/2024

ASIC granted no-action relief to address concerns that the regime could apply to sophisticated participants, who are not the intended targets of the regime.

Crypto / Digital Assets

UBS Launches Hong Kong’s First Tokenised Warrant

09/02/2024

UBS said tokenisation opens a new channel for investors to access digital structured products.