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ESG / Sustainability
HKMA Issues Guideline on Green & Sustainable Finance Grant Scheme
By Editors | 05/05/2021
The grant amount for each bond issue will be half of the eligible expenses, capped at HK$2.5mn for rated bonds and HK$1.25mn for unrated bonds.
AML / KYC
Australia Scraps Plan to Introduce Beneficial Ownership Register
By Ranamita Chakraborty | 30/04/2021
Senator Jane Hume reportedly refused to back the register, a move experts say will entrench Australia as a money laundering haven.
Enforcement
SFC Set to Deploy Data Analytics in Broker Inspections
By Manesh Samtani | 29/04/2021
High volume brokers were asked in 2019 to adopt new data standards to enable more timely data submissions to regulators when requested.
ESG / Sustainability
HK Green Banks Alliance Hosts First Roundtable
By Sanday Chongo Kabange | 29/04/2021
HKMA Chief Eddie Yue urged banks to transform into ‘green banks’. HSBC and BOCHK announced plans to expand their green finance business.
Capital / Liquidity
Hong Kong Launches 100% Personal Loan Guarantee Scheme
By Editors | 27/04/2021
The scheme provides a supplementary financing option for individuals suffering income loss resulting from the Covid-19 pandemic.
Market Infrastructure
HK, China to Launch Southbound Bond Connect in July – Report
By Sanday Chongo Kabange | 27/04/2021
The relevant regulations will reportedly be issued in May, with a view to launching the southbound bond trading link on 2 July.
AML / KYC
HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML
By Manesh Samtani | 26/04/2021
The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.
AML / KYC
Hong Kong: Six Arrested for Laundering HK$2.5bn
By Sanday Chongo Kabange | 26/04/2021
The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.
Enforcement
SFC, HK Police Make Arrest Four More in Ramp-and-dump Probe
By Editors | 23/04/2021
Three of the four are senior executives of a listed company. They are said to have embezzled over HKD 19 million of the listed company’s funds.
AML / KYC
SFC Imposes Lifetime Ban on Co-CEOs of IDS Forex Ltd
By Editors | 23/04/2021
The co-CEOs knew of their chairman’s arrest and conviction in Korea for fraud but did not report the events to the SFC.
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