HONG KONG MONETARY AUTHORITY

Securities / Derivatives

De-risking and Asia’s Move to Centralised KYC

By Samuel Riding | 06/10/2016

How concerns about excessive KYC are driving a move away from institution to country-based systems.

Market Infrastructure

HKMA Issues Guidelines on Penalties for OTC Rule Breaches

By Samuel Riding | 03/10/2016

Authority says it will not automatically link fines with profit gained, loss avoided from breaches.

Tencent Subsidiary Picks Thomson Reuters for AML, KYC Screening

By Samuel Riding | 22/09/2016

Hong Kong (21 September) – Tencent’s subsidiary, Money Data Limited, has selected Thomson Reuters Risk solutions to comply with HKMA […]

AML / KYC

HKMA to Add Cybersecurity, AML to Competency Framework

By Samuel Riding | 21/09/2016

Measures are part of efforts to boost Hong Kong’s competitiveness as a fintech hub.

AML / KYC

HKMA Warns of Excessive Due Diligence

By Samuel Riding | 09/09/2016

Authority says some KYC/AML measures ‘disproportionate’; looking at KYC utilities to ease regulatory burden.

Market Infrastructure

HKMA Launches Fintech Sandbox

By Samuel Riding | 07/09/2016

Scheme will include arrangements to protect volunteers in financial technology trials.

Market Infrastructure

HKMA Urges AIs to Enhance Risk Management Controls

By Samuel Riding | 01/09/2016

Reported incidents include underpayment of stamp duty on OTC transactions.

AML / KYC

HKMA to host AML Seminars

By Samuel Riding | 30/08/2016

Managing staff responsible for AML, CTF systems implementation encouraged to attend.

AML / KYC

Hong Kong Grants 1st Stored Value Licences

By Samuel Riding | 26/08/2016

Five firms issued with licences under Ordinance introduced in November 2015.