Hong Kong Monetary Authority

Anti-Bribery & Corruption

20 ‘HK DBS Staff’ Arrested in Data Leak Investigation

By Samuel Riding | 12/12/2016

Staff alleged to have bribed managers to obtain customer data and sell high-interest loans.

Cloud & Infrastructure

HK, UK Sign Fintech Agreement

By Samuel Riding | 07/12/2016

Regulators will collaborate on ‘experience sharing’, information exchange.

Market Risk

APRA, HKMA Confirm Variation Margining Implementation

By Samuel Riding | 07/12/2016

Implementation on margining and risk mitigation requirements to begin as set out under Basel III in both jurisdictions.

Structural Regulation

HK Regulators to Brief on OTC Derivatives Reporting

By Samuel Riding | 29/11/2016

Sessions aim to brief firms on their obligations before 1 July 2017 implementation.

Fraud, Scams & Cybercrime

HKMA Eases Internet Banking Rules

By Samuel Riding | 21/11/2016

Increased transaction limit comes with warning on controls and customer education.

Cybersecurity

Cyber Security – Lessons from Hong Kong

By Samuel Riding | 16/11/2016

HKMA sets a baseline for cyber-resilience but more harmonisation is needed.

PEPs & Sanctions

HKMA Repeats N.Korea, Iran Warnings

By Samuel Riding | 16/11/2016

FATF plenary has said N.Korea is failing to address illicit funding, proliferation.

Anti-Money Laundering

Beware Blockchain – HKMA

By Samuel Riding | 14/11/2016

Digital platforms seen as potential channel for illicit financing; could compromise data security.

KYC & CDD

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

By Samuel Riding | 02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.