STAGE will provide greater access and transparency on sustainable-themed products, as part of measures to support Hong Kong's goal to become the green finance hub.
The revised SPM accounts for holding companies established overseas and intermediate holding companies, including those that are unregulated or engaged in non-financial activities.
The SFC found deficiencies in areas including oversight, internal controls, risk assessments, third party deposits, SoW/SoF checks, and sanctions screening, among others.
The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.
ASIC Files Court Proceedings Against CBA for Overcharged InterestDecember 2, 2020
HKEX Launches Sustainable and Green Exchange, ‘STAGE’December 2, 2020
US to Designate Four Companies as Linked to Chinese MilitaryDecember 2, 2020
HKMA Consults on Revised SPM on Group-wide Bank SupervisionDecember 2, 2020
SFC Directs Senior Managers to Correct AML/CFT DeficienciesDecember 2, 2020
Former Convoy Executives Found Not Guilty in ‘Enigma Network’ CaseDecember 2, 2020
FATF Consults on AML/CTF Frictions in Cross-border PaymentsDecember 2, 2020
Lessons from Cryptoassets in the Fight Against Financial CrimeDecember 1, 2020
Some USD LIBOR Settings May Continue Past End-2021December 1, 2020
APRA Penalises Westpac For Breaches of Liquidity StandardsDecember 1, 2020