Enforcement

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

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.

AML / KYC

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”

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

Fintech / Regtech

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.

Market Infrastructure

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.

Enforcement

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

Fintech / Regtech

HKMA Calls on Banks to Participate in Cyber Intelligence Platform

03/01/2025

The HKMA welcomed enhancements to the Platform announced by HKAB and called on banks to actively participate in the initiative.

Australia Publishes Ministerial Rules to Implement Global Minimum Tax

23/12/2024

Treasurer Jim Chalmers said the ministerial rules will ensure multinational corporations operating in Australia pay their “fair share of tax”.