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Hong Kong
HKMA Issues Updated Guidance on Suitability Assessments
By Manesh Samtani | 26/02/2024
The guidance focuses on the portfolio-based approach to suitability assessment, which HKMA says improves efficiency in the selling process.
Crypto / Digital Assets
HK Crime Cases Involving Crypto Have Tripled Since 2021
By Mark Johnston | 25/02/2024
The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).
Fintech / Regtech
HK Banks to Introduce Anti Malware Security Measures This Month
By Sanday Chongo Kabange | 25/02/2024
The new security measures on banking apps will trigger immediate actions when malware or suspicious apps are detected on customers’ devices.
Securities / Derivatives
Holiday Trading to Include Currency Derivatives from 29 March, HKEX Confirms
By Sanday Chongo Kabange | 24/02/2024
HKFE has obtained regulatory approval to include currency futures and options in derivatives holiday trading from 29 March.
AML / KYC
Hong Kong Launches Global Anti Corruption Academy
By Sanday Chongo Kabange | 23/02/2024
The academy will offer tailored training on corruption prevision and AML to officers from around the world.
Crypto / Digital Assets
The Future of Securities Tokenisation and Crypto Regulation
By Hannah Cassidy | 22/02/2024
With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.
AML / KYC
Alternative Fund Managers Face Growing AML Risks: Study
By Ranamita Chakraborty | 22/02/2024
Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.
ESG / Sustainability
Hong Kong Launches New Tools to Improve GHG Reporting
By Manesh Samtani | 22/02/2024
The calculation tool will help SMEs calculate GHG emissions; the estimation tool will help FIs estimate emissions of investees and borrowers.
EU Removes Four Jurisdictions from Tax Blacklist
By Mark Johnston | 22/02/2024
Hong Kong was also removed from the EU’s state-of-play document for making further improvements to its tax policies.
Securities / Derivatives
HKEX Introduces Exemption for Dealing in Suspended Securities
By Sanday Chongo Kabange | 21/02/2024
An exemption to the restriction on dealing in suspended securities has been introduced to facilitate stock option settlement.
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