The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.
Police believe the laundered funds could be tied to more than 20 fraud cases, including email and loan scams, and commercial and investment fraud.
The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.
Alert review records were missing for over 14,000 alerts. Client call records were missing for more than 1,000 orders.
The company is prohibited from acting as a sponsor for listing applications in Hong Kong for one year, potentially longer if deficiencies are not addressed.
The DBS employees were convicted for divulging confidential information of over 680 customers to others for touting personal loans.
Collaboration will strengthen through case referrals, mutual assistance, capacity building and exchange of information.
Market participants are looking for regulators to extend the Wealth Management Connect scheme to more products and well as widen its sales channels.
The agent doctored a DDA form because the client's signature was missing on one page. The SFC previously disciplined the same individual.
Measures discussed include scaling back the stamp duty, and introducing cross margin arrangements to lower margin financing costs.
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