ChinaThe Organisation for Economic Co-operation and Development announced that China submitted its approved Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting Convention.
The Hong Kong Monetary Authority issued a discussion paper inviting comments from the public and industry leaders on key policy and design issues related to introducing retail central bank digital currency, or e-HKD.
Accused NatWest money launderer stands trial, pressure builds on EY in Germany, and more, in the weekly roundup.
U.K. pledges tougher AML enforcement, London law firms under scrutiny for Kremlin ties, and more, in the weekly roundup.
The Securities and Futures Commission fined the Hong Kong-based commodities dealer for its failure to conduct adequate due diligence on systems used by 19 clients for placing orders, thereby failing to properly assess and mitigate the risks associated with the technologies.
Hong Kong SFC Fines Zhonghui International Futures Company Limited HK$5 Million for AML Deficiencies
The Securities and Future Commission of Hong Kong imposed a HK$ 5 million monetary penalty on the futures company for know your customer violations that occurred from May 2017 until July 2018.
| Technical | Effectiveness |
|---|---|
| Compliant : 9 | High : 0 |
| Largely Compliant : 22 | Substantial : 3 |
| Partially Compliant : 3 | Moderate : 4 |
| Non-Compliant : 6 | Low : 4 |
Pakistan's technical compliance was re-rated in a Oct. 6, 2021 follow-up report
| Rank : 94/110 |
| Score : 6.7/10 |
| Rank : 78/179 |
| Score : 42/100 |
| Rank : 25/133 |
| Score : 60/100 |