AML / KYC

BSP Issues Draft Reporting Rules for Trust Entities

22/05/2025

Trust entities will have to report additional details on their fiduciary and investment management activities, including data on client risk profiles.

AML / KYC

HK Police Busts Cross-Border Money Laundering Syndicate

22/05/2025

HKPF arrested 10 suspects linked to a money laundering operation involving stooge accounts in Hong Kong and Mainland China.

Capital / Liquidity

RBNZ Issues Depositor Compensation Scheme Transitional Standard

22/05/2025

The new standard sets out the mechanism deposit takers should use to gather alternate bank details that could be used for DCS payments.

AML / KYC

SFC Alerts Public to Phishing Texts Targeting Brokerage Clients

22/05/2025

Phishing texts are tricking Hong Kong investors into revealing personal data, leading to financial losses, warns the SFC.

AML / KYC

SFC Imposes 5-Month Ban on Former Lion Futures Director

22/05/2025

The SFC banned a former MIC for five months over his role in Lion Futures’ failure to comply with AML/CFT requirements between 2017 and 2019.

Market Infrastructure

ISDA Urges Australian Super Funds to Enhance Risk Management

22/05/2025

Super funds should be proactive in managing counterparties and third-party suppliers, as ineffective management can result in operational losses, regulatory attention and remediation costs.

NZ ‘Golden Visa’ Applications Surge After Rule Relaxation

22/05/2025

Investor visa demand has increased following a loosening of eligibility rules, with Chinese applicants leading the rise.

Enforcement

ASIC Sues Home Loan Manager Resimac Over Hardship Failures

22/05/2025

ASIC alleges the home loan manager breached the law by not properly assessing or supporting borrowers struggling with repayments.

Crypto / Digital Assets

Hong Kong Legislative Council Passes Stablecoin Ordinance

21/05/2025

The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.