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BofA Says Regulators May Take Action Over Money Laundering, Zelle
Bank of America Corp. said U.S. regulators may take action against the firm over its efforts to detect suspected money laundering and...
Nov 3, 20241 min read


Insurance intermediary charged by ICAC guilty of conspiring with policyholders over insurance claims fraud
An insurance intermediary, charged by the ICAC, was today (October 31) convicted at the Eastern Magistrates’ Courts of conspiring with...
Nov 3, 20242 min read


First immediate jail sentence for convicted unlicensed activity with a compensation order
The Eastern Magistrates’ Court today sentenced Ms Lai Ka Yi to two weeks’ imprisonment and ordered her to pay a sum of $98,000 as...
Nov 3, 20242 min read


First court hearing on alleged share options fraud case
Mr Tsang Chung Yu, a former independent non-executive director of Metaverse Yunji Technology Group Company Limited (Metaverse Yunji) and...
Nov 3, 20241 min read


SFC obtains court order to freeze $6.35 billion of assets belonging to suspected manipulators of Ding Yi Feng shares
The Court of First Instance has granted an interim injunction order against 11 suspected manipulators of shares of Ding Yi Feng Holdings...
Nov 3, 20241 min read


PIF and Hong Kong Monetary Authority sign memorandum of understanding for investment fund at FII8
Discussions to anchor a joint US$1 billion fund to invest in companies with Hong Kong nexus expanding to Saudi Arabia to drive...
Nov 3, 20241 min read


Granting of banking licences
The Hong Kong Monetary Authority announced today (31 October) that the Monetary Authority has granted banking licences to Guanyin...
Nov 3, 20241 min read


Hong Kong FinTech Week 2024
The Hong Kong Monetary Authority (HKMA) today (28 October) co-organised Hong Kong FinTech Week 2024 with the InvestHK. The ninth edition...
Nov 3, 20244 min read


Hong Kong Monetary Authority partners with Bank of Thailand on Cross-Border Tokenisation Initiatives
The Hong Kong Monetary Authority (HKMA) announced today (28 October) its collaboration with the Bank of Thailand (BOT) to explore...
Nov 3, 20242 min read
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