The Securities and Futures Commission (SFC) showed its support to the market’s initiatives in a seminar organised by the Association of Fund Administrators of Hong Kong and the Greater Bay Area (AFA) last week for raising industry awareness of regulatory compliance standards in the fast-evolving digital asset sector (Note 1).  Dr Eric Yip, the SFC’s Executive Director of Intermediaries, delivered a keynote speech at the seminar comprising over 150 participants, including fund

The Securities and Futures Commission (SFC) has reprimanded and fined UBS AG (UBS) $8 million for deficiencies in its internal systems and controls, resulting in the firm’s failure to ensure accurate classification of professional investors (PIs) for over 12 years (Note 1). The SFC’s investigation revealed that, between 2009 and July 2022 (Relevant Period), UBS verified its clients’ PI status by an automated process which was based upon the firm’s misinterpretation of the min

Please read the link at https://www.austrac.gov.au/about-us/amlctf-reform/reforms-guidance for full article

Department of Justice Files Largest Ever Forfeiture Action Against Approximately $15 Billion in Bitcoin Currently in U.S. Custody BROOKLYN, NY - An indictment was unsealed today in federal court in Brooklyn charging Chen Zhi, also known as “Vincent,” the founder and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, with wire fraud conspiracy and money laundering conspiracy for directing Prince Group’s operation of forced

Following an operation codenamed “Heron” and seeking legal advice after conducting an intensive investigation which revealed that a syndicate engaged in the illegal sale of electronic cigarettes (e-cigarettes) had allegedly delivered e-cigarettes and vaping products to customers through corrupt means, the ICAC today (October 13) charged eight people, including the mastermind of the syndicate and staff members of a logistics company, with total bribes amounting to about $370,0

The Court of First Instance has ordered AMTD Global Markets Limited (AMTD, formerly known as orientiert XYZ Securities Limited and currently known as oOo Securities (HK) Group Limited) to produce records and pay a fine, following legal proceedings initiated by the Securities and Futures Commission (SFC) against AMTD for failing to comply with statutory notices issued during the course of SFC investigations (Notes 1 to 4). The SFC’s investigations concern suspected fraudulent

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced today (15 October) the second cohort of the Generative Artificial Intelligence (GenA.I.) Sandbox. Building on the foundation of the first cohort, this coming cohort demonstrates a significant industry shift from experimenting with A.I.'s capability to enabling its secure and reliable implementation. From over 60 proposals, a total of 27 use

As of September 2025, the central bank proposed cutting and simplifying 124 out of 298 administrative procedures, representing 41.6 per cent of the total. This initiative has reduced processing time by hundreds of days and saved more than VNĐ7.6 billion in costs. The State Bank of Vietnam (SBV) announced that it has cleaned up 154 million bank accounts and flagged nearly 300,000 customers for suspected fraud, blocking transactions worth a combined VNĐ1.5 trillion (US$56.9 mil

The ICAC charged six individuals on Monday (October 6) after a corruption investigation revealed that a Police Sergeant, together with an insurance agent, had recruited his family members, friends and Police colleagues to pose as dummy insurance agents and policyholders to take out 20 bogus insurance policies using false information to deceive two insurers into releasing payments of commissions, bonuses and allowances totalling about $3 million. Lam Hin-ho, 36, Police Sergean