Hong Kong

AML / KYC

SFC Directs Brokers to Enhance Security Against SMS Phishing Scams

By Sanday Chongo Kabange | 09/06/2025

Hong Kong’s SFC has directed brokers to implement robust and up-to-date measures to safeguard against cyber fraud and SMS phishing scams.

Enforcement

Hong Kong ICAC Charges Former Bank RM Over Fake Credit Letters

By Editors | 09/06/2025

The former bank relationship manager allegedly accepted $470,000 worth of Tether as a bribe to authenticate fake standby L/Cs and collateral letters.

AML / KYC

US Sanctions Iran Shadow Banking Network, Including HK Front Companies

By Manesh Samtani | 08/06/2025

OFAC has sanctioned a network laundering billions for Iran, targeting 10 individuals and 27 entities based in Iran, China, Hong Kong, and the UAE.

Enforcement

SFC Outlines Multi-Pronged Strategy Against Unlicensed Finfluencers

By Manesh Samtani | 06/06/2025

The SFC has conducted thematic inspections to assess the practices used by intermediaries that engage with finfluencers.

Crypto / Digital Assets

Hong Kong Official Outlines Vision for Virtual Asset Development

By Manesh Samtani | 06/06/2025

Christopher Hui outlines Hong Kong’s vision for virtual asset development, emphasising security, innovation, and a multi-pronged strategy for growth.

Enforcement

SFC Imposes 6-Month Ban on Former Executive Director of MTF Securities

By Sanday Chongo Kabange | 06/06/2025

The SFC banned a former MTF Securities executive director for failing to properly manage credit risks and report suspicious trading […]

Big Picture

BIS Bulletin Spotlights Benefits of Regional Integration in Asia

By Manesh Samtani | 06/06/2025

BIS bulletin says Asia’s regional integration, supported by finance hubs in Hong Kong and Singapore, serves as a buffer against global fragmentation.

AML / KYC

Hong Kong Passes Bill to Facilitate Financial Crime Info-Sharing

By Sanday Chongo Kabange | 06/06/2025

The new law will enable banks to share personal account information for the purposes of detecting and preventing financial crime.

Enforcement

Over 1,800 Arrested in Transnational Crackdown on Scams: Singapore Police

By Nithya Subramanian | 05/06/2025

A cross-border operation spanning seven territories has uncovered extensive scam networks linked to over 9,200 cases, with victims losing an estimated $225mn.