Tag: Hong Kong
HKMA unveils new guide to aid banks with RegTech solution implementation
The Hong Kong Monetary Authority (HKMA) has introduced a Regtech Adoption Practice Guide that aims to offer banks with guidance on how to implement RegTech solutions.
HKMA launches strategy for bolstering Hong Kong FinTech market
The Hong Kong Monetary Authority (HKMA) has unveiled a new strategy for driving FinTech development in Hong Kong.
Money laundering rules in Hong Kong are about to get stricter
A Hong Kong regulator is about to make the region's money laundering rules even stricter to prevent illicit funds from flowing out of mainland China.
Hong Kong businesses fail to provide cybersecurity training for remote workers
While 79% of Hong Kong companies have started to offer remote working opportunities in the past six months, only 30% have provided cybersecurity training to cover the new working environment, new research reveals.
Insurance Authority extends coronavirus rules
Hong Kong's Insurance Authority has extended its temporary Covid-19 facilities for non-face-to-face distribution of some insurance products.
ZA Bank to implement the OneSumX solution to boost compliance
ZA Bank, which claims to be Hong Kong’s first virtual bank has selected Wolters Kluwer’s OneSumX to handle its regulatory reporting needs.
Hong Kong’s markets watchdog has lifted UBS’ ban on leading IPOs
The Securities and Futures Commission (SFC) of Hong Kong has lifted the ban on UBS to support initial public offerings (IPOs).
Know your Customer raises funds after strong growth period
Irish RegTech platform Know your Customer has reportedly received a new investment from Hong Kong-based fundraising platform AngelHub.
UBS fined $51m by Hong Kong regulator for overcharging
Swiss multinational investment bank UBS has reportedly been fined HKD $400M ($51m) by Hong Kong’s securities regulator for overcharging around 5,000 clients.
HKMA commended on its AML and CTF processes by global standard-setter
Hong Kong Monetary Authority (HKMA) and the country’s banking sector commended on its AML and terrorist financing risks protocols by task force.
