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.
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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…
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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…
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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,…
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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…
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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…
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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…
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Hong Kong and Mainland Police Arrest 69 in HK$200 Million Money Laundering Case
A joint operation followed an investigation into a cryptocurrency romance-investment scam that led police to 173 other victims and more than 100 suspected mule accounts.…
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Hong Kong Strengthens International AML Cooperation During Netherlands and Switzerland Visit
Hong Kong’s Commissioner of Police visited the Netherlands and Switzerland to discuss international law-enforcement cooperation, asset tracing, virtual assets and emerging financial technology crimes. Hong…
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Hong Kong Charges Seven People and Two Firms After Wang Fuk Court Fire
Hong Kong authorities have filed 25 charges, including money laundering and conspiracy to defraud, against seven people and two companies over the Wang Fuk Court…
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Hong Kong Finalises Plans to License Virtual Asset Advisers and Managers
Hong Kong regulators plan to introduce legislation in 2026 establishing licensing regimes for businesses providing virtual asset advisory and management services. Hong Kong’s Financial Services…
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