AML / KYC

New Zealand Issues Guidance on Customer Risk Ratings

30/05/2025

The DIA’s guidance is intended to help reporting entities establish customer risk-rating systems as required under domestic AML laws.

AML / KYC

Westpac Pilots “First of its Kind” Anti Scam AI Tool

29/05/2025

AI synthesises information from customer phone conversations in real-time to highlight key indicators to enable bankers to respond more effectively

Hong Kong Unveils Measures to Enhance Financial Services for Elderly

29/05/2025

The measures include strengthening financial planning education, anti-scam education initiatives, and making banking services more elderly-friendly.

Market Infrastructure

Hong Kong Aims to Become Global Hub for “Patient Capital”

29/05/2025

Hong Kong will attract patient capital by enhancing its regulatory framework, offering targeted incentives and strengthening its position as a risk management centre.

AML / KYC

BSP Issues Directions to Banks on Adverse Media Screening

28/05/2025

Banks must include adverse media screening during onboarding and during transaction monitoring to identify financial crime threats.

Enforcement

Hong Kong Auditor Suspended, Fined for Breaching Independence Rules

27/05/2025

The auditor, who previously held senior positions at the SFC and HKMA, is suspended for 18 months and required to pay HKD 500,000 in penalties.

HKEX Subsidiaries to Implement New System Enhancements

27/05/2025

HKEX will enhance CCMS report downloads. The enhancements are compulsory and expected to be available in July.

Crypto / Digital Assets

HSBC Launches Novel Tokenised Deposit Service

27/05/2025

HSBC’s blockchain-based liquidity solution for Hong Kong institutional clients marks the first live pilot initiative supported by HKMA’s supervisory incubator for DLT.

Enforcement

AUSTRAC Freezes Assets Linked to Cryptocurrency Theft

27/05/2025

AUSTRAC has frozen property and funds tied to alleged cryptocurrency theft following a tip-off from the Luxembourg FIU.