Tag: Hong Kong

SFC and ICMA collaboration paves the way for global ESG ratings...

The HK SFC is sponsoring the International Capital Market Association (ICMA) to form a dedicated working group on ESG.

Insurance Authority collaborates with ICAC to combat insurance industry corruption

The IA, a regulatory body overseeing the insurance sector in Hong Kong and the ICAC have entered into an agreement.
Financial institutions play a pivotal role in preventing money laundering. Over the past 18 months, government bodies have frequently highlighted shell companies as significant red flags in anti-money laundering (AML) activities. Consequently, one must ask, is your institution actively identifying shell companies in its transactions? More importantly, can it detect shell companies with tangible sanctions and watchlist links?

The importance of identifying shell companies

Financial institutions play a pivotal role in preventing money laundering. Over the past 18 months, government bodies have frequently highlighted shell companies as significant red flags in anti-money laundering (AML) activities. Consequently, one must ask, is your institution actively identifying shell companies in its transactions? More importantly, can it detect shell companies with tangible sanctions and watchlist links?

HKMA lays down net zero transition principles for Hong Kong banks

The Hong Kong Monetary Authority (HKMA) has issued a set of principles guiding banks on the transition to a net zero economy.

Hong Kong joins GFANZ’s APAC Network in global climate transition drive

The GFANZ has recently made significant strides into Asia with its most newest member: the Hong Kong Chapter.

HKMA leads charge in Hong Kong’s FinTech revolution with road map

The Hong Kong Monetary Authority (HKMA) is aiming to make Hong Kong a leading FinTech hub through a 12-month road map.

Hong Kong, Saudi Arabia forge partnership for FinTech innovation

The Hong Kong Monetary Authority (HKMA) and the Saudi Central Bank (SAMA) have recently initiated a partnership.

Navigating the labyrinth of FATCA and CRS compliance in the APAC...

In a recent post by TAINA Technology, the company dug deeper into remaining compliant with FATCA and CRS compliance in APAC.

Digital asset InsurTech leader OneDegree Group raises $55m in Series B

Hong Kong-based OneDegree Group, a leader in digital asset insurance and generative AI-enabled InsurTech solutions, has successfully garnered a significant amount of funding in their recent investment round.

Asia witnesses its first tokenised security via Bank of China’s BOCI

BOCI has taken a significant stride in the FinTech realm by launching the first-ever tokenised security in APAC.

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