New rules under MiCA cover issuers of utility tokens, asset referenced tokens, stablecoins, service providers such as trading venues, and wallets where crypto-assets are held.
May 17, 2023Some VCFMs did not make requisite disclosures to investors, have formalised policies and procedures in certain areas, and maintain a positive level of base capital.
March 16, 2023The guidance will assist policymakers and practitioners to prevent bad actors from using shell companies for illicit activity.
March 13, 2023Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
March 8, 2023The personal finance company's AML/CTF programme was not properly implemented and did not include sufficient details on transaction monitoring and CDD.
February 23, 2023Amended regulations require e-money issuers to meet higher liquidity and capital requirements, to ensure the industry’s resilience.
February 15, 2023A review commissioned in 2018 and "kept secret for years" found a disproportionate number of golden visa applicants were from countries identified as high risk.
January 19, 2023The FSA's Daisuke Mamba and Hiroshi Ozaki discuss the regulator's approach to its AML/CFT inspections and recent work to develop shared AML systems for the industry.
January 10, 2023China Merchants Bank, China Merchants Bank, UnionPay, and 26 of their responsible persons were fined for a total 31 regulatory violations.
January 10, 2023Many of the new questions in the SFC's updated BRMQ focus on AML/CFT practices and brokerage business controls.
December 30, 2022