All posts tagged "national security law"
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428AML / KYCHKMA, SFC Issue FAQ on ‘Offence Related Property’ Under NSL
FIs "must" disclose to the JFIU property held by persons charged for offences under the National Security Law regardless of the portion of shareholdings.
October 25, 2021 -
325AML / KYCUS Government Warns Of Rising Business Risk in Hong Kong
A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.
July 18, 2021 -
361AML / KYCHK Bankers Threatened With Jail Under National Security Law
Letters sent to HSBC and Citibank threaten up to seven years' jail for any dealings with Hong Kong accounts belonging to media tycoon Jimmy Lai.
May 29, 2021 -
409FeatureNational Security, Financial Stability are Mutually Dependent: HKMA
Chief executive Eddie Yue said the HKMA is pursuing initiatives to enhance its use of technology to analyse financial data as part of its efforts in market supervision.
April 19, 2021 -
458AML / KYCUS Sanctions 24 Officials Over Hong Kong Electoral Changes
Foreign financial institutions that knowingly conduct significant transactions with the 24 individuals are subject to sanctions.
March 19, 2021 -
411AML / KYCHK Banks Told to Stop Accepting BNO Passports as Valid ID
The HKAB updated its guidance for banks after the government said it would no longer recognise BN(O) passports as valid travel documents or forms of identity.
February 9, 2021 -
491Big PictureHK Bank Profitability Suffers, Loan Quality Deteriorates
HKMA deputy chief executive Arthur Yuen says banks will continue to face challenges this year as Hong Kong suffers its worst recession on record.
February 5, 2021 -
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HK Regulators Ask Bankers to Explain Reasons for Departing City
Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.
January 28, 2021 -
953AML / KYCChina Issues New Rules to Protect from Foreign Sanctions
Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.
January 11, 2021 -
285AML / KYCUS Sanctions Another 14 Chinese Officials Over Hong Kong
A Chinese foreign ministry spokesperson said Beijing would take “firm counter-measures against the malicious actions by the US".
December 9, 2020
