Hong Kong

AML / KYC

HK SFC Fines Brokerage $335,000 for 300 AML Failures

By Samuel Riding | 15/03/2017

Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.

Red Flags in HK Managers in Charge Regime

By Samuel Riding | 09/03/2017

July deadline looming large over financial institutions and their service providers.

AML / KYC

HK SFC Fines Securities Firm for AML Breaches

By Samuel Riding | 07/03/2017

Firm breached 3 regulations including SFC Code of Conduct.

HK Expands Fund Disclosure Requirements

By Samuel Riding | 06/03/2017

All authorised funds must now disclose ongoing charges, past performance.

HKMA Sets out Culture Requirements

By Samuel Riding | 03/03/2017

Banks should set up or expand board-level committees to tackle the issue.

AML / KYC

HK to Expand Professional Investor Qualification

By Samuel Riding | 02/03/2017

Joint accounts and existing investments to be counted towards qualification amount.

AML / KYC

HK Regulatory, Compliance Demand Steady

By Samuel Riding | 01/03/2017

Morgan McKinley report says cybersecurity among the strongest areas of demand.

Market Infrastructure

HK Delays OTC Contract Novation Reporting Requirement

By Samuel Riding | 01/03/2017

Requirement that novation dates be reported by 28 February postponed.

Capital / Liquidity

HKMA Sets out IRRBB Model Exceptions

By Samuel Riding | 28/02/2017

Upcoming consultation expected to have ‘no significant deviation’ from BCBS standardised framework.