Enforcement

New Zealand DIA Warns Money Remitter for AML Noncompliance

03/06/2025

The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

AML / KYC

BSP Approves Rules to Implement New Anti-Scam Law

03/06/2025

BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.

Securities / Derivatives

Saudi Arabia Considers Listing Hong Kong AI and Biotech ETFs

03/06/2025

The Saudi exchange is considering listing ETFs tracking Hong Kong’s AI and biotechnology sectors, as well as depositary receipts of HK companies.

ASIC Identifies Defective Compliance Plans in Funds Sector 

02/06/2025

ASIC review reveals widespread compliance plan deficiencies across the managed investment industry, prompting calls for industry improvement.

Market Infrastructure

HKEX Prepares Market for Uncertificated Securities Regime

02/06/2025

HKEX has outlined the steps for the 2026 shift to uncertificated securities and published a discussion paper on the key listing rule changes.

Fintech / Regtech

HKMA Partners with University on Cybersecurity Innovation

30/05/2025

HKMA and the HKUST Business School will jointly explore innovative suptech and regtech solutions, leveraging “cutting-edge” technologies such as the latest LLMs.

AML / KYC

New Zealand Issues Guidance on Customer Risk Ratings

30/05/2025

The DIA’s guidance is intended to help reporting entities establish customer risk-rating systems as required under domestic AML laws.

AML / KYC

Westpac Pilots “First of its Kind” Anti Scam AI Tool

29/05/2025

AI synthesises information from customer phone conversations in real-time to highlight key indicators to enable bankers to respond more effectively

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.