HONG KONG

Enforcement

Multinational Firm Scammed by Deepfake Tech in Singapore

By Nithya Subramanian | 09/04/2025

Singapore and Hong Kong police teamed up to recover over USD 499,000 lost to a scam involving deepfake video technology and digital manipulation.

Crypto / Digital Assets

Euroclear Joins HKMA’s Tokenisation Initiative, Project Ensemble

By Editors | 09/04/2025

Euroclear is joining as an Architecture Community member. HKMA also welcomed six new firms to the Ensemble Sandbox.

Enforcement

Ex-HSBC Employee, Two Intermediaries Charged with Bribery

By Mark Johnston | 09/04/2025

Three individuals face charges in a bribery scheme involving the opening of more than 200 bank accounts over two years.

AML / KYC

HK Police Calls on FIs to “Embrace” Innovation in Fight Against Financial Crime

By Manesh Samtani | 09/04/2025

“Today’s threats demand tomorrow’s solutions,” said HKPF Director of Crime & Security Keith Yip, speaking at a joint HKMA-GCFFC event.

Crypto / Digital Assets

SFC Permits VATPs to Offer Crypto Staking Services to Clients

By Manesh Samtani | 07/04/2025

VATPs can provide staking as a service to clients, including retail clients. SFC-authorised virtual asset funds can also stake virtual asset holdings.

Sanctions

OFAC Sanctions Two More Iran-Linked Circumvention Networks

By Manesh Samtani | 04/04/2025

A China-based motor manufacturer and a Hong Kong-based ship operator were included in the sanctions.

Hong Kong Launches Family Office Digital Knowledge Hub

By Sanday Chongo Kabange | 03/04/2025

The digital knowledge hub is a resource dedicated to family offices in Hong Kong and around the world.

Big Picture

Hong Kong FSDC Offers Ideas for Growing Insurance Industry

By Sanday Chongo Kabange | 03/04/2025

The FSDC offers recommendations to further develop Hong Kong’s insurance industry and cement the city’s position as a global insurance hub.

Hong Kong MPFA Consults on “Full Portability” Mechanism for Pensions

By Sanday Chongo Kabange | 03/04/2025

MPFA puts forward 2 proposals to implement “full portability”, which will allow employees freedom to transfer benefits accrued from employers’ contributions to a new provider of their choice.