The Securities and Futures Commission (SFC) and the Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (DIFC), today signed a Memorandum of Understanding (MoU) to deepen cooperation on the regulatory oversight and supervision of collective investment scheme managers in each other’s markets to ensure compliance, governance, and cross-border regulatory alignment. During the 10th Belt and Road Summit in Hong Kong,

The Securities and Futures Commission (SFC) and the Asian Development Bank Institute (ADBI) today convened a roundtable during the Hong Kong Green Week to exchange views on the development of sustainable finance in Asia-Pacific capital markets (Note 1). Senior officials from 12 jurisdictions (Note 2) across the region participated in the Asia Climate Finance Dialogue hosted in Hong Kong to share insights on the latest trends and innovations in sustainable-related thematic ins

The Securities and Futures Commission (SFC) has reprimanded and fined Instinet Pacific Limited (Instinet) $8 million for its failure to comply with the reporting requirements of The Stock Exchange of Hong Kong Limited (SEHK) for direct business transactions or cross trades (Note 1). The SFC’s investigation revealed that between December 2012 and March 2018, Instinet had failed to report 8,817 pairs of cross trades involving transactions worth around $25.9 billion between its

The Securities and Futures Commission (SFC) has obtained disqualification orders in the Court of First Instance against another five former directors of Superb Summit International Group Limited (Superb Summit). They are Mr Law Wai Fai, Mr Li Jun and Mr Cheng Man For, former executive directors of Superb Summit, and Mr Qiu Jizhi and Mr Chan Chi Yuen, former independent non-executive directors of the company (Notes 1 to 3). To date, a total of 10 former directors of Superb Sum

The Securities and Futures Commission (SFC) has banned Mr Suen Kin-wing, a former Associate Director of UBS AG (UBS), from re-entering the industry for life in light of his criminal convictions for money laundering and committal for contempt of court (Note 1). The case arose from Suen’s role as the Client Advisor of two Mainland Chinese clients who held a joint account with UBS (Joint Account). Since the clients encountered difficulties in remitting RMB from the Mainland to H

According to the FATF’s 2025 Targeted Update on the Implementation of the FATF Standards on VA and VASPs, although there has been some progress with compliance, many jurisdictions still struggle with the implementation of some of the fundamental requirements of R.15, particularly undertaking a risk assessment on VA/VASP [30]. When undertaking a risk assessment related to VA/VASPs, countries should consider how VASPs differ to traditional financial institutions (FIs), and how

HM Treasury invites feedback on amendments to the UK’s Money Laundering Regulations; consultation closes 30 September 2025. Documents The draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 - Policy note PDF, 161 KB, 18 pages The draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 - Policy note HTML Draft SI: The Money Laundering and Terrorist Financing (Amendment and Misce

The Insurance Authority (IA) has issued a public reprimand on Tahoe Life Insurance Company Limited (Tahoe Life) and imposed a fine of $10 million to be borne by its shareholders’ fund. The disciplinary actions are connected with related party transactions performed by Tahoe Life between July 2019 and April 2020 without prior consent of the IA that involved Tahoe Group Global (Co.) Limited. Both Mr Huang Qisen and Mr Ge Yong were directors of the insurer at the material time a