AML / KYC

Australian Police Dismantle Money Laundering Syndicate

03/12/2024

The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.

HKEX Announces Retirement of Key Executive Wilfred Yiu

02/12/2024

Wilfred Yiu oversaw the implementation of the Connect programme expansion, ETF reforms, derivatives holiday trading, dual counter model, and severe weather trading.

Enforcement

ICAC Charges Former SFC Manager for Sharing Confidential Information

02/12/2024

The former SFC manager shared confidential information about a 2023 rights issue to personal friends who used it to make HK$11mn in trading profit.

ESG / Sustainability

Five Firms Adopt HK’s Code for ESG Ratings & Data Providers

02/12/2024

Bloomberg, CDP, MioTech, Moody’s, and MSCI ESG Research LLC have signed up to adopt the new code of conduct for ESG ratings and data products providers.

Fintech / Regtech

HKUST Launches New GenAI Platform for Financial Sector

29/11/2024

HKUST’s new InvestLM, designed to support the financial services industry, is available through the HKMA’s GenAI Sandbox.

Securities / Derivatives

HKIC Invites Firms to Help Manage New CIES Investment Portfolio

28/11/2024

Eligible fund managers have until 10 December to submit their proposals on how to achieve the objectives of the CIES investment portfolio.

Fintech / Regtech

New Association Launches in Hong Kong to Advance AI Adoption

28/11/2024

The new association seeks to advance the development, adoption, commercialisation and use of AI across Hong Kong.

Market Infrastructure

ASX Targets 2029 Delivery for CHESS Replacement Project

28/11/2024

Release 1 (clearing services) will be delivered by 2026 and Release 2 (settlement and subregister services) in 2029.

APRA, ASIC Finds “Possible Gaps” in FAR Implementation by Banks

27/11/2024

APRA and ASIC identified possible gaps in registration and notification lodgements made since the FAR commenced for the banking industry in March.