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...
by Jyotsna Bucktowar | Feb 16, 2024
Hong Kong Customs mounted an enforcement operation codenamed “Daybreak” and successfully dismantled a large-scale transnational money laundering syndicate which had laundered about $14 billion through transnational trade activities, as well as a money...
by AdrianaAMLP | Sep 25, 2023
Shares real-life use cases from banks in their Regtech adoption to make their AML/CFT efforts more effective and efficient.
Recent Comments