by Jyotsna Bucktowar | Jul 29, 2024
The Hong Kong Monetary Authority (HKMA) warns the public about phishing fraud and fake UnionPay International websites in the latest report. If you have shared personal information or account details with these counterfeit sites, please contact your payment system...
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 | May 18, 2024
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or One-Time...
by AdrianaAMLP | Apr 19, 2024
The control deficiencies identified in the investigation relate to HNCBHK’s failure to continuously monitor business relationships with some customers. The bank also failed to record the names of the recipients and/or include the names of the recipients in the...
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