HONG KONG

AML / KYC

HKMA Directs SVF Licensees to Implement Anti-Scam Measures

By Sanday Chongo Kabange | 15/04/2025

SVF licensees are directed to use the measures set out in a December 2024 circular initially intended for authorised institutions.

Capital / Liquidity

HKMA Finalises Revisions to Credit Risk Mitigation Guidelines

By Manesh Samtani | 15/04/2025

The revised module offers guidance on strengthening the risk management practices of banks that use credit risk mitigants.

AML / KYC

HKMA Unveils New Measures to Bolster E-Banking Security

By Sanday Chongo Kabange | 15/04/2025

Banks must empower customers to adopt bound devices instead of SMS OTPs and deactivate higher risk e-banking functions.

Crypto / Digital Assets

SFC Grants First Approvals Allowing Crypto Staking Services

By Sanday Chongo Kabange | 14/04/2025

HashKey and OSL can expand their product and service offerings to provide staking as a service to clients, including retail clients.

AML / KYC

Shedding Light on HSBC’s Use of Machine Learning in Transaction Monitoring

By Manesh Samtani | 14/04/2025

Olivier Franses talks to Regulation Asia about HSBC’s use of machine learning in transaction monitoring, the challenges of implementation, and the resulting benefits.

AML / KYC

HKMA Announces New Measures to Combat Financial Crime

By Sanday Chongo Kabange | 11/04/2025

HKMA, HKPF and HKAB have jointly announced new measures to strengthen the response to fraud and money laundering.

Big Picture

HKIMR Publishes Findings on GenAI Adoption Among Hong Kong FIs

By Sanday Chongo Kabange | 10/04/2025

75 percent of surveyed FIs have rolled out or implemented at least one GenAI use case or are currently piloting and designing use cases.

AML / KYC

GLEIF Certifies Hong Kong Firm as Qualified vLEI Issuer

By Editors | 10/04/2025

Certizen Technology’s qualification represents another significant milestone in the development of the vLEI ecosystem, said GLEIF CEO Alexandre Kech.

Crypto / Digital Assets

HKMA Issues Guidance on Crypto Staking Services for Banks

By Sanday Chongo Kabange | 09/04/2025

Banks must implement adequate policies and controls before engaging in crypto staking services, HKMA said.