Hong Kong Monetary Authority

Fraud, Scams & Cybercrime

HKMA Directs SVF Licensees to Implement Anti-Scam Measures

By Sanday Chongo Kabange | 15/04/2025

SVF licensees are directed to use the measures set out in a December 2024 circular initially intended for authorised institutions.

Credit Risk

HKMA Finalises Revisions to Credit Risk Mitigation Guidelines

By Manesh Samtani | 15/04/2025

The revised module offers guidance on strengthening the risk management practices of banks that use credit risk mitigants.

Fraud, Scams & Cybercrime

HKMA Unveils New Measures to Bolster E-Banking Security

By Sanday Chongo Kabange | 15/04/2025

Banks must empower customers to adopt bound devices instead of SMS OTPs and deactivate higher risk e-banking functions.

Anti-Money Laundering

HKMA Announces New Measures to Combat Financial Crime

By Sanday Chongo Kabange | 11/04/2025

HKMA, HKPF and HKAB have jointly announced new measures to strengthen the response to fraud and money laundering.

AI Risk & Governance

HKIMR Publishes Findings on GenAI Adoption Among Hong Kong FIs

By Sanday Chongo Kabange | 10/04/2025

75 percent of surveyed FIs have rolled out or implemented at least one GenAI use case or are currently piloting and designing use cases.

Cryptocurrency

HKMA Issues Guidance on Crypto Staking Services for Banks

By Sanday Chongo Kabange | 09/04/2025

Banks must implement adequate policies and controls before engaging in crypto staking services, HKMA said.

Liquidity Risk

Hong Kong Banks to Introduce Targeted SME Support Measures

By Sanday Chongo Kabange | 09/04/2025

HKMA says banks will introduce targeted SME support for various industries and sectors affected by global trade tensions.

Tokenisation

Euroclear Joins HKMA’s Tokenisation Initiative, Project Ensemble

By Editors | 09/04/2025

Euroclear is joining as an Architecture Community member. HKMA also welcomed six new firms to the Ensemble Sandbox.

Fraud, Scams & Cybercrime

HK Police Calls on FIs to “Embrace” Innovation in Fight Against Financial Crime

By Manesh Samtani | 09/04/2025

“Today’s threats demand tomorrow’s solutions,” said HKPF Director of Crime & Security Keith Yip, speaking at a joint HKMA-GCFFC event.