Hong Kong Customs and Excise Department arrested two suspects for money laundering involving the sale of precious metals amounting to approximately HK$3.5 billion, the highest recorded money laundering case detected by the agency to date.
The Hong Kong Monetary Authority launched a commercial financial data infrastructure and accompanying framework as part of its Fintech 2025 strategy.
Germany creates sanctions unit, Singapore introduces crypto measures, and more, in the midweek roundup
FBI raids Russian billionaire’s properties, money laundering trial of hip-hop artist scheduled for November, and more, in the weekly 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.
|Compliant : 11||High : 0|
|Largely Compliant : 25||Substantial : 6|
|Partially Compliant : 4||Moderate : 5|
|Non-Compliant : 0||Low : 0|
|Rank : 54/110|
|Score : 5.2/10|
|Rank : 11/179|
|Score : 77/100|
|Rank : 4/133|
|Score : 66/100|