The case involved control deficiencies in respect of 33 Financial Services Limited's transaction monitoring and name screening systems, the HKMA said.
Trading in Iran-origin goods was carried out without the knowledge of senior management by employees who omitted information from documentation.
High-value debt listed entities must submit reports on their related party transactions to stock exchanges every six months.
Gatekeeper professions play an important role in facilitating North Korean sanctions evasion, RUSI says in a new paper.
Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
Banks should "at a minimum" consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.
Five already-sanctioned Chinese officials were named in the US State Department's latest Hong Kong Autonomy Act Report submitted to Congress.
Companies, partnerships, and branches of foreign companies will have until 1 March 2023 to file their beneficial ownership information.
At least 469 victims have fallen prey to phishing SMS scams during December 2021, with losses amounting to at least SGD 8.5 million.
A Russian and Lithuanian were sentenced to 16 and 17 years in prison, respectively, for laundering £70mn over four years.
Loading more posts...
Sorry, no more posts
No more pages to load