Hong Kong

ESG / Sustainability

HKMA Unveils Key Priorities, Green Ambitions for 2025 and Beyond

By Sanday Chongo Kabange | 28/04/2025

The HKMA’s 2025 priorities include measures to safeguard the banking sector from financial crime, credit risk, cyber risk and climate risks.

AML / KYC

HKMA Launches Tender to Build Payment Data Analytics Platform

By Manesh Samtani | 28/04/2025

The objective of the new platform is to improve the identification and detection of fraud, mule accounts and other financial crime activities.

Big Picture

Hong Kong Banks Could Face Surge in Bad Loans: Fitch Ratings

By Mark Johnston | 28/04/2025

Hong Kong’s banking sector faces a potential rise in non-performing loans due to a “lingering property sector malaise” and US tariffs.

Fintech / Regtech

Culture and Conduct as the New Moat in APAC’s Wealth Sector

By Mary Leung | 28/04/2025

Traditional competitive advantages are fading in APAC’s booming wealth management sector, making a strong client-centric culture the new key to success, writes Mary Leung.

Big Picture

FBI Identifies Hong Kong as Top Destination for Fraudulent Wire Transfers

By Manesh Samtani | 27/04/2025

Other top international destinations for fraudulent wire transactions in 2024 included Vietnam, Philippines, India and China.

Enforcement

HKPF Arrests Eight Over AI-Enabled Fraudulent Account Opening

By Mark Johnston | 26/04/2025

The eight arrests were part of a broader crackdown that led to 503 total arrests over a 10-day period in April.

Market Infrastructure

HKEX Calls on Firms to Prepare for Handling Multi-Counter Securities

By Sanday Chongo Kabange | 25/04/2025

HKSCC is asking market participants to review their internal systems and operation arrangements to ensure a smooth transition in June.

AML / KYC

SFC Imposes Six Month Ban on Former Executive of CSC Futures

By Sanday Chongo Kabange | 23/04/2025

The SFC said the former senior manager failed to discharge his duties as a responsible officer, resulting in AML/CFT failures by CSC Futures.

AML / KYC

Coordinated and Agile Response Needed to Address Financial Crime Threats in APAC

By Bradley Maclean | 22/04/2025

Regulation Asia Co-founder Bradley Maclean discusses newly published research and what the findings say about the ongoing fight against financial crime.