Hong Kong
Follow anti-money laundering and financial crime developments in Hong Kong. Coverage includes updates from the HKMA, SFC, Companies Registry and other authorities, with a focus on financial institutions, TCSPs, virtual assets, enforcement actions and compliance obligations.
-
Hong Kong Insurance Authority Fines FWD Life HK$19.5 Million for AML/CFT Control Failures
Hong Kong’s Insurance Authority (IA) has fined FWD Life Insurance Company (Bermuda) Limited HK$19.5 million after finding deficiencies in its anti-money laundering and counter-terrorist financing…
Read More » -
Nigeria FIU Moves to Build Public-Private Financial Intelligence Sharing Framework
Nigeria’s Financial Intelligence Unit is developing a Joint Financial Intelligence Collaboration framework to improve public-private information sharing across banks, fintechs, insurers, VASPs and regulators.
Read More » -
Hong Kong Gazettes Updated UN Sanctions Measures on Haiti and Yemen
Hong Kong has brought updated United Nations sanctions measures on Haiti and Yemen into effect, with the Customs and Excise Department issuing fresh compliance circulars…
Read More » -
HKMA Updates Risk-Based AML/CFT Guidance for Politically Exposed Persons
The Hong Kong Monetary Authority (HKMA) has issued an updated version of its guidance on risk-based anti-money laundering and counter-financing of terrorism controls for politically…
Read More » -
Anchorpoint Begins Phased Rollout of Regulated HKD Stablecoin HKDAP
Anchorpoint Financial has begun the first phase of the rollout of HKDAP, its Hong Kong dollar-backed stablecoin issued under a licence from the Hong Kong…
Read More » -
Hong Kong Jails Asset Manager for Laundering More Than HK$64 Million
Hong Kong has sentenced asset management firm owner Xiao Rui to six years and nine months for laundering more than HK$64 million and using false…
Read More » -
Hong Kong Puts Accounting Firms on Notice as AML Compliance Becomes an Enforcement Priority
Hong Kong’s Accounting and Financial Reporting Council has identified non-compliance with anti-money laundering and counter-terrorist financing requirements as one of its six principal enforcement themes,…
Read More » -
Hong Kong SFC Updates Licensed Firms and Virtual Asset Providers on FATF High-Risk Jurisdictions
The Hong Kong Securities and Futures Commission has reminded licensed corporations, SFC-licensed virtual asset service providers and associated entities to update their AML/CFT controls following…
Read More » -
Hong Kong Woman Jailed for Laundering HK$680 Million Through a Shell Company
A Hong Kong court has sentenced a mainland Chinese woman to four and a half years in prison after accounts opened in the name of…
Read More » -
Hong Kong Explores Agentic AI for AML and CFT Controls
The Hong Kong Monetary Authority and HKUST Business School have examined how agentic AI could improve financial-crime detection, source-of-wealth checks and suspicious transaction reporting. The…
Read More »