Hong Kong

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    Fintech / Regtech

    Interpol-led Operation Takes Down Thousands of Servers Liked to Cybercrime

    By Nithya Subramanian | 07/11/2024

    Hong Kong Police took more than 1,037 servers offline, while Macau Police took down 291 servers as part of Operation Synergia II.

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    Market Infrastructure

    GBA Initiative on Cross-border Data Transfers Extended and Enhanced

    By Manesh Samtani | 07/11/2024

    The framework, launched at the end of last year, initially only applied to the banking, credit referencing and healthcare sectors. All sectors can now participate.

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    Enforcement

    SFC Imposes 15-Year Ban on Former Hedge Fund Exec

    By Sanday Chongo Kabange | 07/11/2024

    The SFC barred the former chief investment officer of a hedge fund from re-entering the industry for 15 years for false trading.

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    Crypto / Digital Assets

    Hong Kong Broker to Launch ‘Virtual Asset Structured Products’

    By Editors | 06/11/2024

    Victory Securities said the SFC has granted it approval to market and distribute “cash-settled virtual asset structured products” to qualified professional investors.

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    HKMA Sets Expectations for Banks on Handling ‘Autopay’ Arrangements

    By Sanday Chongo Kabange | 06/11/2024

    The circular addresses situations where a merchant has suspended operations or shut down while customers have active direct debit authorisations in place.

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    Crypto / Digital Assets

    Hong Kong’s OSL Group Expanding to Japan via Acquisition

    By Thisanka Siripala | 06/11/2024

    OSL Group is acquiring an 81 percent stake in Japanese crypto exchange CoinBest, enabling it to enter the Japanese market.

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    Market Infrastructure

    Hang Seng Indexes Company Signs Pact with Saudi Exchange

    By Sanday Chongo Kabange | 05/11/2024

    The two sides will cooperate on the exchange of index data, product development, and industry knowledge sharing.

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    AML / KYC

    SFC Calls for Responsible Adoption of Regtech for AML Fight

    By Sanday Chongo Kabange | 05/11/2024

    In a survey of licensed corporations, 80 percent said regtech adoption and utilisation has improved their AML capabilities.

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    Market Infrastructure

    HKEX to Digitalise ETP Creation and Redemption Process

    By Sanday Chongo Kabange | 05/11/2024

    HKEX will introduce a new web-based platform that will connect ETP participants through the use of distributed ledger technology and smart contracts.

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    Press Release

    HKAB Receives High Commendation as Industry Association at 2024 Regulation Asia Awards

    By Editors | 04/11/2024

    HKAB was Highly Commended in the Industry Association of the Year category at the 7th Regulation Asia Awards for Excellence 2024.

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