HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
May 7, 2021The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.
May 3, 2021Of the 40 recommendations, New Zealand is 'Compliant' on 8, 'Largely Compliant' on 20, and 'Partially Compliant' on 12.
April 30, 2021Between 2016 and 2019, eight police reports were filed by victims who were deceived into wiring around $1.7mn into the bank accounts of Singapore-registered shell companies.
April 13, 2021The indicators are grouped into four categories: the structure of the business, trade activity, trade documents and commodities, and account and transaction activity.
March 14, 2021The OECD says each jurisdiction should implement a national strategy to deal with lawyers, notaries, accountants, and FIs that facilitate tax evasion, bribery and corruption.
February 27, 2021The man used express cash deposit facilities at Perth bank branches to help launder more than A$5.6mn for an alleged criminal syndicate.
February 14, 2021Amid the pandemic, some criminal actors have turned to licensed money changers, who were more easily lured into criminal activities as their businesses suffer.
January 8, 2021The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.
December 8, 2020One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.
November 30, 2020