Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.
Conduct and regulatory risks continue to mount as China’s crackdown on corruption puts pressure on private banks and wealth managers.
Bank claims that the missing TTRs were due to a coding error following a software update in the IDMs since November 2012 until September 2015.
AUSTRAC began civil proceedings against the CBA for “serious and systemic” failure to comply with the AML and counter-terrorism financing laws.
Top official says updated ID cards with greater security could be used as basis of the centralised KYC; boost Hong Kong's status in fintech.
Despite earlier talk of blanket ban, panel set up in April close to agreeing model which would give bitcoin similar status to a commodity.