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Regulatory News


Hong Kong’s securities industry extends earnings growth into first half of 2024
Hong Kong’s securities industry posted further growth in total net profits for the six months ended 30 June 2024 amidst higher average...
Sep 30, 2024


SFC suspends Wilson Cheung Kin for nine months over sponsor failures
The Securities and Futures Commission (SFC) has suspended Mr Wilson Cheung Kin, a former responsible officer (RO) and director of...
Sep 30, 2024


Asian Development Bank eyes global rollout of TBML pilot
The Asian Development Bank is set to scale up a novel system for how banks report trade-based money laundering (TBML) globally, following...
Sep 30, 2024


South Korea Reminds Crypto Scammers of Possible Life Sentence If Illicit Gains Exceed $4 Million
The draconian measures come after Terraform Labs founder Do Kwon caused damages worth $40 billion following the sudden demise of TerraUSD...
Sep 30, 2024


HKMA commences Phase 2 of e-HKD Pilot Programme and expands Project e-HKD to explore new forms of digital money
The Hong Kong Monetary Authority (HKMA) today (23 September) commenced Phase 2 of the e-HKD Pilot Programme (Phase 2) to delve deeper...
Sep 30, 2024


Large exposures: revised SPM modules and banking returns
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Sep 30, 2024


SFC bans Dennis Cheng Chung Sing for six months
The Securities and Futures Commission (SFC) has banned Mr Dennis Cheng Chung Sing, a former trader of Goldman Sachs (Asia) L.L.C. and...
Sep 30, 2024


Binance founder ‘CZ’ leaves prison on Friday—along with his $60 billion fortune
On Friday, Binance Founder, Changpeng Zhao (CZ) will leave prison as a free man for the first time in months along with his $60 billion...
Sep 30, 2024


SEC expands Binance lawsuit: AXS, FIL, ATOM now securities
The United States Securities and Exchange Commission has expanded its lawsuit against crypto exchange Binance to broaden the scope of its...
Sep 23, 2024
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