HKMA publishes AML Regtech: Network Analytics report

HKMA has commenced a pilot using network analytics to detect mule account networks and help disrupt movement of fraud proceeds. This exercise will, for the first time, analyse information from multiple banks to generate sector-level risk insights to help...

Hong Kong Customs cracks down on ML case

Hong Kong Customs mounted an operation codenamed “Eagle Net” and detected a suspected money laundering case. the suspects used personal bank accounts at various banks including virtual banks to launder a total of about $600 million from unknown...