Hong Kong Grants First Five Stored Value Facilities Licences
The Hong Kong Monetary Authority (HKMA) has granted stored value facilities (SVF) licences to: Alipay …
Hong Kong Financial Watchdog Fines Shanghai Commercial Bank For AML Breach
The Hong Kong Monetary Authority has slapped Shanghai Commercial Bank with a HK$5m fine (£500,000) …
Hong Kong: Guide to Enhanced Competency Framework on AML/CTF
The Hong Kong Monetary Authority (HKMA) has launched a guide to the Enhanced Competency Framework …
Hong Kong: Enhancing Transparency of Beneficial Ownership
The Financial Services and the Treasury Bureau has launched a consultation on enhancing the transparency …
Hong Kong: Monetary Authority Publishes Consultation Paper on Open API for Banks
Hong Kong: Privacy Commissioner Releases Updated Best Practice Guide on Privacy Management Programme
On August 16, 2018, the Privacy Commissioner for Personal Data published an updated version of …
Indian Bank Falls Foul Of $13m ATM Hack
Cosmos Co-operative Bank in India has fallen victim to a “cash-out” malware attack, with funds …
Hong Kong: Customs and Excise Department Releases Circulars on AML/CTF Obligations of Money Service Operators
On August 13, 2018, the Customs and Excise Department released two circulars on anti-money laundering …