All posts tagged "Account Opening"
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556FeatureHKMA to Develop Additional Safeguards for Bank Customers
A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
April 20, 2022 -
386AML / KYCHKMA Asks Banks to Help Reactivate Dormant Mainland Accounts
Hong Kong customers are facing difficulties reactivating their Mainland accounts due to travel restrictions preventing them from visiting the banks’ branches in person.
April 18, 2022 -
568EnforcementSFC Bans China Tonghai Securities Representative for 20 Months
The representative conducted 1,089 trades in clients’ stock options accounts but was only given specific authorisation for 87 trades of the trades.
April 13, 2022 -
490ChinaPBOC Outlines Progress to Advance GBA Connectivity
About 20,000 investors from the GBA cities participated in the Wealth Management Connect programme by the end of 2021.
March 10, 2022 -
574EnforcementHK ICAC Charges Bank Employee and Two Others for Bribery
A relationship manager and two representatives of secretarial services companies allegedly offered and accepted bribes to help non-domestic clients open accounts with three Hong Kong banks.
March 1, 2022 -
532ChinaTFEX to Expand FX Derivatives Products During 2022
In the year ahead, TFEX will add more currency pairs to its FX derivatives product line and work to enhance liquidity in main board commodity derivatives.
January 31, 2022 -
775ChinaChina Issues Foundational Rules to Connect Bond Markets
Participants will be able to access the interbank and exchange-traded bond markets without having to open separate accounts.
January 25, 2022 -
717Crypto / Digital AssetsThai Stock Exchange Unveils Three-Year Strategic Plan
The SET will launch a new exchange for fundraising by SMEs and startups within in Q1, and a new digital asset exchange in Q3.
January 14, 2022 -
522AML / KYCCBIRC Directs Banks to Ease Account Opening for Small Businesses
Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
January 6, 2022 -
420AML / KYC
SFC Fines Mason Securities for AML Breaches
In deciding the disciplinary sanction, the SFC took into account the "extensive period of time" over which the failures occurred.
December 17, 2021
