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.

AML / KYC

New Zealand Issues AML/CFT Guidance for Online Marketplaces

27/05/2025

The guidance outlines the new AML/CFT requirements that will apply to online marketplaces that directly handle payments or act as intermediaries.

AML / KYC

HKMA Issues Two Consultations on Rules for Stablecoin Issuers

27/05/2025

The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.