Category Archive for: ‘Financial technology’

FATF FinTech And RegTech

FATF embraces technology

It’s great to see that the global standard-setter on anti-money laundering and counter-terrorist financing (FATF) is embracing the galloping trend …

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The rise of anti-RegTech?

In this post, we describe a recent example of technology allegedly being used to evade regulations and frustrate regulators – a …

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Future-proofing FinTech: last words from the Obama administration, with global reach

Ahead of the changing of the guard, the White House chose financial technology (FinTech) as the subject of one of …

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Bitcoin

Bitcoin is clearly ‘money’, says U.S. judge

A U.S. District Court has recently held bitcoin is “money” or “funds” for the purpose of particular U.S. federal legislation.  …

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“Making Hong Kong great again” – HKMA clarifies AML/CTF expectations to promote financial inclusion and entrepreneurialism

September was a busy month for Hong Kong regulators, with in-tandem efforts to enhance financial inclusion, while emphasising the importance …

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China strengthens action against telecommunications fraud

The past few months have witnessed the rise of a strengthened anti-telecommunication fraud force throughout Mainland China. The efforts are geared …

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Sand

Revving up FinTech: HKMA launches new regulatory sandbox

Introduction Financial technology (“FinTech”) has created a number of pressures in the market. Market participants push to be the next …

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China “nudes-for-loans” scandal gives new meaning to “predatory lending”

Low value, personal loans have often been the subject of regulatory enquiry.  Whether it be high interest rates, unclear disclosures …

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SFC suspensions put new communication technologies under the spotlight

Two recent disciplinary actions taken by Hong Kong’s Securities and Futures Commission (“SFC”) emphasise the importance of effective employee monitoring …

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New Hong Kong stored value facilities regime – the countdown begins to the next wave of fintech regulation

The long-awaited regime for virtual stored value facilities now has a deadline.   The new regime will significantly enhance Hong Kong’s …

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