Hong Kong

Enforcement

SFC Bars Ex-Licensee Over Unlicensed Activity

By Sanday Chongo Kabange | 28/05/2024

The SFC has barred Cheung Wing Hung for 18 months due to a criminal conviction for carrying out unlicensed activities.

AML / KYC

Hong Kong Arrest 20 in Triad-Run Money Laundering Scheme

By Sanday Chongo Kabange | 28/05/2024

The HKPF arrested 20 people for laundering HK$10mn through 17 bank accounts set up by foreign domestic helpers and controlled by triads.

Crypto / Digital Assets

Hong Kong Considers Allowing Staking for Ether ETFs

By Mark Johnston | 27/05/2024

If staking is allowed, ETF investors could earn passive income by locking tokens on the Ethereum network to help validate transactions.

Securities / Derivatives

HKEX Forms Advisory Panel on Fixed Income and Currency

By Sanday Chongo Kabange | 27/05/2024

The new advisory panel will advise HKEX on its fixed income and currency strategy and help the exchange further develop FIC business.

Securities / Derivatives

Hong Kong REITs Allowed to Repurchase Treasury Units

By Editors | 27/05/2024

The requirements for SFC-authorised REITs are similar to those applicable to other listed entities, following rule amendments made last month.

Enforcement

HK: Insider Trading Prosecution May Prompt Hedge Fund Closure

By Editors | 24/05/2024

“It is in the best interests of our investors to return their capital in an orderly manner,” a Segantii spokesperson said.

HKMA Updates SPM Module to Drive Banking Sector Upskilling

By Editors | 24/05/2024

The revised SPM module is part of the HKMA’s effort to drive upskilling and reskilling of banking practitioners.

Enforcement

Worldcoin Ordered to Cease Iris-Scanning in Hong Kong

By Sanday Chongo Kabange | 24/05/2024

The PCPD has determined that the Worldcoin project has breached Hong Kong’s personal data privacy law.

Fintech / Regtech

“Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

By Nithya Subramanian | 23/05/2024

Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.