Government launches consultation on legislative proposals to regulate over-the-counter trading of virtual assets
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The Government launched a public consultation on legislative proposals to introduce a licensing regime for providers of over-the-counter...
Prudent
- Jan 22
Casinos and cryptocurrency: major drivers of money laundering, underground banking, and cyberfraud in East and Southeast Asia
Bangkok (Thailand), 15 January 2024 – A new report issued today has found that casinos, junkets, and cryptocurrency have emerged as a...
Prudent
- Jan 22
Anti-money laundering: Council and Parliament strike deal on stricter rules
The European Union moved closer to finalizing rules that would expand current anti-money laundering (AML) and customer due diligence...
Prudent
- Jan 22
US Fed fines Industrial and Commercial Bank of China for lapses in bank secrecy, sharing of data
The US Federal Reserve fined Industrial and Commercial Bank of China US$2.43 million for improper use of financial-supervision...
Prudent
- Nov 2, 2023
Hong Kong Treasury Secretary Restructures Virtual Asset OTC Norms
News is provided by COINCU Key Points: Hong Kong’s Economic Services and Treasury Secretary plans crucial amendments to regulations for...
SCMP
- Oct 30, 2023
Hong Kong police arrest 84 suspects over fraud, money-laundering cases involving HK$118 million
Police urge Hongkongers to avoid allowing others to use their bank accounts for handling crime proceeds after three-week operation in...
SCMP
- Oct 12, 2023
HK customs arrests 4, including siblings, in crackdown on syndicate accused of laundering ......
Suspects include owner of money exchange company and her two siblings, source familiar with case says Money changer allegedly dealt with...
SCMP
- Oct 12, 2023
HK virtual insurer Bowtie eyes disruption amid HKMA’s fintech push in securities and insurance .....
Hong Kong virtual insurer Bowtie eyes disruption amid HKMA’s fintech push in securities and insurance sectors The latest move by the Hong...
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