by Jyotsna Bucktowar | Jan 10, 2025
The Hong Kong Monetary Authority (HKMA) has issued an alert about a fraudulent website and internet banking login screen reported by Shanghai Commercial Bank. It reminds the public that banks will never ask for sensitive information like passwords or One-Time...
by AdrianaAMLP | Oct 16, 2024
Hong Kong Customs mounted an operation codenamed “Spark II” resulting in the arrest of five local men, aged between 34 and 71, for conspiracy or aiding to “deal with property known or reasonably believed to represent proceeds of an indictable...
by Jyotsna Bucktowar | Jul 5, 2024
DBS Bank (Hong Kong) Limited faced disciplinary action due to inadequate systems and controls under the AMLO. The investigation highlighted shortcomings in ongoing monitoring of business relationships, conducting enhanced due diligence in high-risk situations, and...
by AdrianaAMLP | Jun 25, 2024
Together these reports provide an in-depth analysis on these technologies and their uses in the financial services industry, as well as an overview of the regulatory landscape internationally and in Hong Kong.
by Jyotsna Bucktowar | Mar 15, 2024
SFC has taken a firm stance against cryptocurrency exchange MEXC by adding it to its cautionary list issued on 15th March. This development highlights the SFC’s vigilance in ensuring compliance within the crypto industry, especially regarding licensing requirements...
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