Crypto / Digital Assets

Australian Police Obtain New Intelligence on Crypto Scams

08/08/2024

The AFP identified over 2,000 compromised crypto wallets belonging to Australians by participating in a global anti-scam initiative launched by Chainalysis.

Market Infrastructure

BSP Unveils 5yr Financial Services Cyber Resilience Plan

08/08/2024

The plan set out key goals, priority actions and milestones to be achieved between 2024 to 2029 to enhance industry resilience against cyber threats.

Crypto / Digital Assets

Mox Becomes First HK Virtual Bank to Offer Crypto ETFs

08/08/2024

Mox customers can invest in bitcoin and ether ETFs listed in Hong Kong and the US via the bank’s mobile app.

BSP Launches New Online Financial Literacy Initiative

07/08/2024

The ‘BSP E-Learning Academy’ seeks to broaden the reach of financial education and strengthen consumer protection.

Fintech / Regtech

HKMA Consults on Renaming ‘Virtual Banks’ as ‘Digital Banks’

07/08/2024

HKMA also published the results of its review of the industry, saying the requirement for virtual banks to primarily deliver retail banking services will be removed.

Enforcement

Malaysia SC Fines Fund Consultant for Breaching Securities Laws

06/08/2024

The former Kenanga Investors Berhad consultant misappropriated investor funds and provided falsified statements of accounts.

New Zealand Eases Loan Affordability Assessment Rules

06/08/2024

The government has removed prescriptive loan affordability requirements from the Credit Contracts and Consumer Finance Act.

Market Infrastructure

HKEX to Hold Practice Session for Severe Weather Trading

06/08/2024

The 24 August session is intended to help EPs prepare for implementation of Severe Weather Trading (SWT) arrangements next month.

Enforcement

Hong Kong’s Insurance Authority Fines AIA for AML Lapses

06/08/2024

The IA fined AIA’s Hong Kong branch after an inspection identified shortfalls in its AML controls and processes.