ESG / Sustainability

HKMA Launches Beta Platform for Physical Risk Assessments

30/05/2024

The cloud-based platform enables banks to assess the physical risks of climate change on residential and commercial buildings.

Enforcement

Former NZ CEO Fined Over Anonymous Online Posts

29/05/2024

The former CEO made false and misleading representations online purportedly to manipulate NZX-listed New Talisman Gold Mines.

Enforcement

SFC Suspends Former RO for 4 Years Over 2019 Share Placement

29/05/2024

The share placement failures were attributable to the former RO’s neglect, gross negligence or recklessness, the SFC said.

Market Infrastructure

SFC Issues New Guidance on Offering HK Funds in ADGM

28/05/2024

The guide explains how Hong Kong funds can be offered in the Abu Dhabi Global Market via the UAE fund passporting regime.

Enforcement

SFC Bars Ex-Licensee Over Unlicensed Activity

28/05/2024

The SFC has barred Cheung Wing Hung for 18 months due to a criminal conviction for carrying out unlicensed activities.

Enforcement

APRA Imposes Additional Licence Conditions on Mercer Super

28/05/2024

APRA has imposed additional licence conditions on Mercer Super in response to risk management and compliance deficiencies.

AML / KYC

Hong Kong Arrest 20 in Triad-Run Money Laundering Scheme

28/05/2024

The HKPF arrested 20 people for laundering HK$10mn through 17 bank accounts set up by foreign domestic helpers and controlled by triads.

Enforcement

Australian Court Rules Payday Lenders Breached Credit Act

27/05/2024

The court ruled that Cigno Australia, BSF Solutions, and their directors engaged in unlicensed credit activity.

Securities / Derivatives

HKEX Forms Advisory Panel on Fixed Income and Currency

27/05/2024

The new advisory panel will advise HKEX on its fixed income and currency strategy and help the exchange further develop FIC business.