The Court of First Instance granted the Securities and Futures Commission (SFC) a worldwide injunction over the assets of Mr Lo Kai Bong, chairman, executive director and controlling shareholder of LET Group Holdings Limited (LET) and Summit Ascent Holdings Limited (Summit Asc...

The central bank’s supervisory report, released after an on‑site inspection and review of internal controls, identified several core gaps in VALUTA+’s AML framework. Inspectors found inadequate risk assessments for customers and products, failure to properly verify beneficial ...

2. News 3. Insurance 4. Manulife Pulls Leveraged Insurance Loan Product for Wealthy Hong Kong Clients

The sentencing comes after an extensive investigation into a laundering operation that authorities said relied on high volumes of criminal cash, structured banking activity and front businesses to disguise the source of illicit funds. Judges said the scale of the scheme was “a...

Singapore, 12 June 2026… The Monetary Authority of Singapore (MAS) announced that the revised framework for Single Family Offices (SFOs) will take effect on 15 June 2026. The revised framework provides a simple, streamlined process for SFOs to establish operations in Singapore...

​The Hong Kong Economic and Trade Office in London (London ETO) and Invest Hong Kong (InvestHK) supported the Walpole APAC Forum (the Forum) in London on June 15 (London time), promoting Hong Kong's role as an ideal springboard for United Kingdom (UK) luxury brands seeking to ...

The High Court in London sanctioned the FCA’s request to appoint administrators for Euro Exchange Securities, a London-based electronic money and payments provider with operations spanning the United States and Spain. This court ruling represents the culmination of weeks of re...

The Securities and Futures Commission (SFC) has commenced legal proceedings in the Court of First Instance to seek an order requiring Mr Ng Yu – former chairman, executive director, and non-executive director of Target Insurance (Holdings) Limited (Target Holdings) – to buy ou...