IStock 000022229487 XXXLarge HK Copy

“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 …

Read More
Red Chinese Temple Fotolia 3554107 Subscription L Copy

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 …

Read More
42 34131105 Copy

Australia introduces “false accounting” offences

As part of its efforts to strengthen its anti-bribery and corruption enforcement framework and comply with international obligations, the Australian …

Read More
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 …

Read More
1024717 45713008 Copy

When to suspect the proceeds of a crime: Hong Kong’s Court of Final Appeal clarifies the offence of money laundering

The Hong Kong Court of Final Appeal (CFA) has upheld the conviction of tycoon Carson Yeung for money laundering. In …

Read More
Screen General 151

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 …

Read More
IStock 000005439038 Double Copy

Bank shutdown – the new frontier of AML/CTF regulation

The Money Authority of Singapore’s recent announcement that it intends to withdraw BSI Bank Limited’s licence highlights the potentially severe …

Read More
1265339 78117799 Copy

Is your business ready for the crackdown on transparency?

Last night, the International Consortium of Investigative Journalists (the ICIJ) made public a searchable database containing details of over 200,000 …

Read More
Ship Helm

Combating trade-based money laundering – Hong Kong banks bolster their artillery

The Hong Kong Association of Banks has just issued its much anticipated Guidance Paper on Combating Trade-based Money Laundering (Guidance …

Read More
FullSizeRender

UK Modern Slavery Act – seven things businesses in Asia need to know

The UK Modern Slavery Act (“MSA”) is now in force.  Given its broad territorial reach, the MSA is likely to affect …

Read More
Page 3 of 4«1234»