All posts tagged "HKMA"
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AML / KYC
Guangdong, HK to Boost Financial Cooperation
Governments to relax restrictions on cross-border business operations and boost RMB flows; cooperate further on fintech and green finance.
October 30, 2017 -
994Asia-PacificHere’s Sand in Your Eye
Why fintech (financial technology) sandboxes aren’t necessarily the child’s play they’ve been made out to be by banks and disrupters alike.
October 26, 2017 -
Fintech / Regtech
Old Rivals Hong Kong, Singapore Launch Fintech Tie-up
Decision to work together on distributed ledger, other fintech initiatives belie reputed rivalry between two financial centres.
October 26, 2017 -
Hong Kong
10,000 Individuals Register Under Hong Kong MIC Regime
About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.
October 19, 2017 -
Capital Regulation
HK Legco to Consider Recovery Planning, Large Exposures Bill
Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.
October 19, 2017 -
AML / KYC
FIs No Longer Have to Verify Client Addresses for AML/CTF – HKMA
AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.
October 12, 2017 -
AML / KYC
HKMA Launches Smart Banking Initiative Including Enhanced Sandbox
In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.
September 29, 2017 -
Hong Kong
Hong Kong Considering Tax Breaks for PE Managers
Government and trade bodies view PE as means of increasing support for Hong Kong Start-ups, keeping pace with Singapore and the UK.
September 28, 2017 -
Fintech / Regtech
Hong Kong Monetary Authority Sends Fintech Delegation to London
Central bank and apex regulator says delegation is the largest it has ever put together, will meet London start-ups and accelerator programmes.
September 21, 2017 -
AML / KYC
HK SFC, Police Join Forces to Combat Financial Crime
Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.
August 29, 2017
