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Regulatory News


Insurance Authority inspection results in enhancements to anti-money laundering controls and processes and fine
Following an on-site inspection carried out by the Insurance Authority (IA) under the Anti-Money Laundering and Counter-Terrorist...
Aug 5, 2024


PBOC and HKMA Sign MOU on Cross-Boundary Linkage of Payment Systems between the Mainland and Hong Kong
Mr Lu Lei, Deputy Governor of the People's Bank of China (PBOC), and Mr Howard Lee, Deputy Chief Executive of the Hong Kong Monetary...
Aug 5, 2024


Website and Email Alert – Fraudulent website and phishing emails related to Bank Julius Baer & Co. Ltd.
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank Julius Baer & Co. Ltd....
Aug 5, 2024


Phishing fraud and counterfeit UnionPay International websites
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by UnionPay International on...
Aug 5, 2024


Website and Social Media Page Alert – Fraudulent website and social media page related to Public Finance Limited
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Public Finance Limited...
Aug 5, 2024


HKMA’s response on Nova Credit Limited’s cessation of operation and exit of Credit Data Smart
The Hong Kong Monetary Authority (HKMA) has been informed by the Hong Kong Association of Banks, the Hong Kong Association of Restricted...
Aug 5, 2024


HKMA’s Response to US Fed’s Interest Rate Decision
The Federal Open Market Committee of the Federal Reserve (the Fed) announced early today (Hong Kong time) after its two-day meeting that...
Aug 5, 2024


Expansion of Suspicious Account Alert for internet banking and physical branches transactions
The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Police Force (the Police) and the Hong Kong Association of...
Aug 5, 2024


Insurance Authority to start charging fees for insurance intermediary licensing applications after the expiry of the five-year waiver period
On 31 July 2024, the Insurance Authority (IA) issued a circular setting out the detailed arrangements for payment of fees for processing...
Aug 5, 2024
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