Real estate developers and brokers, as well as offshore gaming operators and their service providers, have to register with the AMLC’s electronic reporting system by 16 March.
February 27, 2021Banks and insurers have to evaluate the performance of their directors and supervisors each year and classify them as “competent”, “basically competent” or “incompetent”.
February 10, 2021The bank has been reporting credit data to the JCIC incorrectly since December 2010, potentially impacting the credit scores of certain customers.
February 5, 2021Specialists from Bloomberg highlight the need for high-quality data and automation through technology to manage day-to-day reporting and ensure compliance.
February 1, 2021New guidance for corporates from the Global Reporting Initiative will help asset owners track their contributions to the UN Sustainable Development Goals.
January 24, 2021Whistleblower rewards are increased tenfold for the reporting of serious illegal financial activities and fivefold for minor illegal financial activities.
January 8, 2021Artificial intelligence can bring a generational change to the RegTech industry as it strengthens and enhances regulatory and supervisory capabilities, says HKEX’s Lukas Petrikas.
January 8, 2021Domestic banks can open personal RMB accounts for Hong Kong and Macau residents, which can be used to receive up CNY 80,000 daily from same name accounts.
January 6, 2021Credit Suisse is required to improve its risk assessment, customer due diligence, suspicious activity monitoring and reporting processes.
December 31, 2020Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.
December 31, 2020