The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority conducted a bilateral meeting in Abu Dhabi with the aim of strengthening cooperation on enhancing their respective financial sectors.
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.
Midweek Roundup: Online Streaming Platforms Doubling as Money Transmitters, UK Ruling Links Political Donor to Laundering Scheme, and More
U.S. taskforce arrests Russian sanctions-evasion suspects, Denmark finalizes unprecedented AML fine, and more, in the midweek roundup.
Weekly Roundup: EU Mulls Secondary Sanctions, Binance Turns Gaze Towards Britain, and More
U.K. payments firm’s seed cash tied to organized crime, U.S. lawmakers urge White House to blacklist Hong Kong judges, and more, in the weekly roundup.
Midweek Roundup: Binance Faces Sanctions Probe, US Lawmaker Charged with Money Laundering, and More
Midweek Roundup: FinCEN Passes 2-Year Mark Without Permanent Director, OCC Drops Case Against Rabobank Compliance Chief, and More
Hong Kong’s Securities and Futures Commission fined City International Futures (Hong Kong) Ltd. HK$100,000 for breaches of anti-money laundering and counterterrorist financing and other regulatory requirements made between March 2016 and October 2018.
The Hong Kong Monetary Authority imposed a financial penalty of HK$4 million on the Hong Kong branch of the Sydney, Australia-based financial institution for violations of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
|Compliant : 11||High : 0|
|Largely Compliant : 25||Substantial : 6|
|Partially Compliant : 4||Moderate : 5|
|Non-Compliant : 0||Low : 0|
Hong Kong's technical compliance was re-rated in a Feb 16, 2023 follow-up report.
|Rank : 54/110|
|Score : 5.2/10|
|Rank : 11/179|
|Score : 77/100|
|Rank : 4/133|
|Score : 66/100|