Enforcement

HK PCPD Orders Oxfam to Remediate Privacy Law Breaches

28/01/2025

The PCPD says Oxfam didn’t have adequate measures in place to guard against the ransomware attack it experienced last year.

ESG / Sustainability

AFRC Assesses Readiness for Sustainability Reporting and Assurance

28/01/2025

An increasing number of HK-listed entities are obtaining sustainability assurance, and more auditors are offering these services.

Enforcement

Hang Seng Bank Fined for Mis-selling Investment Products

28/01/2025

SFC Executive Director of Enforcement Christopher Wilson described Hang Seng Bank’s misconduct as “serious and systemic”.

Fintech / Regtech

WeChat Pay HK Expands Cross-Border Payments to Mainland Merchants

28/01/2025

Transactions made in CNY will be automatically converted to HKD with no handling fees, the company said.

Enforcement

Hong Kong: Former OCBC Banker Pleads Guilty to Accepting Bribes  

28/01/2025

The former bank employee accepted a bribe to refer mortgage clients to an agent so he could earn referral fees from a different lender

Market Infrastructure

Hong Kong Moves Closer to Fully Paperless Securities Market

27/01/2025

Only online channels will be allowed for subscriptions to public offers of equity securities, and issuers will have more flexibility to adopt digital communication and payment technologies

Market Infrastructure

ASX Offers Explanation for December 2024 Market Disruption

27/01/2025

ASX implemented a software fix, waived fail fees from 20-31 December 2024, and will distribute A$1mn in rebates to settlement participants.

Market Infrastructure

Australia to Form New Standard-setting Body for Financial Reporting

25/01/2025

The new body will provide a “one stop shop” for the development and issuance of accounting, sustainability, auditing and assurance standards.

AML / KYC

HKMA Publishes Banking Sector Priorities for 2025

24/01/2025

The HKMA’s 2025 workplan includes measures to safeguard the banking sector from financial crime, credit risk and cyber risk.