ChinaHong Kong’s Securities and Futures Commission completed its consultation on the guidelines for virtual asset trading platform operators and made modifications and clarifications in response to the feedback received.
Tse Yiu Chung, a defendant charged with offenses related to a “ramp-and-dump” scheme and money laundering activities, has been arrested in Hong Kong for breaching her bail conditions.
Weekly Roundup: FinCEN Flags Sanctions Evasion Schemes, Latvian Banker Faces Murder Trial, and More
Revolut hits U.K. roadblock, Austrian bank prepares to ditch Belarusian clients, and more, in the weekly roundup.
U.S. and EU arrest hundreds of darknet suspects, Kraken challenges “John Doe” summons, and more, in the midweek roundup.
The Hong Kong Monetary Authority imposed a financial penalty of HK$11 million on the Hong Kong branch of the Taipei, Taiwan-based financial institution for violations of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
Hong Kong’s Securities and Futures Commission suspended Tang Kai Shing, managing director of Rifa Futures Ltd., for a period of eight months beginning on Sept. 2, 2022, for breaches of know-your-customer, AML/CTF and other regulatory requirements.
| Technical | Effectiveness |
|---|---|
| Compliant : 9 | High : 0 |
| Largely Compliant : 22 | Substantial : 3 |
| Partially Compliant : 5 | Moderate : 4 |
| Non-Compliant : 4 | Low : 4 |
Pakistan's technical compliance was re-rated in a Nov. 29, 2022 follow-up report
| Rank : 94/110 |
| Score : 6.7/10 |
| Rank : 78/179 |
| Score : 42/100 |
| Rank : 25/133 |
| Score : 60/100 |