Anti-Money Laundering

HKAB Updates AML/CFT FAQs to Align with Revised AMLO

14/01/2025

The updated FAQs align with the AMLO amendments that came into force last year and provide additional guidance on dual-use goods.

Anti-Money Laundering

AUSTRAC Gains Expanded Powers Under Amended AML/CTF Act

14/01/2025

Law firm Corrs Chambers Westgarth said the new powers, and the speed with which they have taken effect, could indicate that AUSTRAC will pursue individuals more actively

Market Abuse

ICAC Charges Ex-SFC Official for Interfering with Investigation

13/01/2025

The former associate director allegedly advised subjects of a market manipulation investigation to destroy potential evidence

Structural Regulation

Hong Kong FSDC Signs MoU with Istanbul Financial Center

13/01/2025

The MoU will foster collaboration and knowledge sharing, paving the way for innovative solutions in financial services.

Anti-Money Laundering

Philippine AMLC Issues New Transaction Reporting Guidelines

12/01/2025

The AMLC says the guidelines, to be adopted in phases, are intended to help covered persons carry out one of their “primary duties”

Capital Adequacy

RBNZ Issues First Non-Bank Deposit Taker Licence in 8 Years

10/01/2025

The RBNZ granted the licence to Welcome Limited, which plans to offer higher deposit rates than banks and more flexible mortgage solutions

Cloud & Infrastructure

HKMA Launches Supervisory Incubator to Promote Responsible DLT Adoption

09/01/2025

The incubator provides banks a one-stop platform for obtaining supervisory feedback on DLT-related proposals and the option to conduct live trials.

Trading & Investment

Hong Kong Announces Enhancements to New Immigration Scheme for Investors

09/01/2025

Christopher Hui said the enhancement measures will encourage more participation and create synergy with the tax concession regime for family offices.

Fraud, Scams & Cybercrime

SFC Imposes Lifetime Ban on Former StanChart Insurance Rep

08/01/2025

Chan Ka Him induced two clients to transfer funds to a bank account he controlled on the pretence that they would be used to settle premium payments