Hong Kong

AML / KYC

HKMA Launches New Service to Alert FPS Users of Potential Fraud

By Sanday Chongo Kabange | 29/11/2023

The new alert mechanism will alert banking customers when an FPS proxy ID is flagged as “High Risk” on the Scameter search engine.

Securities / Derivatives

HKEX Lists Asia’s First-ever Saudi Arabia ETF

By Editors | 29/11/2023

The ETF, managed by CSOP Asset Management, was listed today in partnership with the Public Investment Fund of Saudi Arabia.

Crypto / Digital Assets

HK SFC Under Fresh Scrutiny Over Crypto Platform Hounax

By Sanday Chongo Kabange | 28/11/2023

The SFC is being accused of playing a “passive role” by not blocking suspicious crypto trading platform Hounax and preventing it from contacting the public.

ESG / Sustainability

HKEX Targets Carbon Neutrality in 2024, Net Zero by 2040

By Editors | 28/11/2023

HKEX will achieve carbon neutrality by 2024 by expanding its carbon offsetting policy, and net zero by 2040 by cutting its scope 1, 2, and 3 GHG emissions.

Crypto / Digital Assets

HK Police Arrest 30 in Connection with Alleged JPEX Fraud

By Editors | 28/11/2023

A total 66 individuals have now been arrested, though they have not yet been charged and have all been released on bail pending investigation.

AML / KYC

HK Police, Banks Inaugurate New “Anti-Deception Alliance”

By Editors | 27/11/2023

Through the Alliance, ten participating banks will work alongside the police to provide real-time assistance in detecting, disrupting and deterring scams.

Enforcement

HK AFRC Bans Auditor for Life, Imposes HK$300,000 Fine

By Mark Johnston | 27/11/2023

A CPA has been penalised for falsely signing off 11 audit reports and providing misleading information to the HKICPA.

Crypto / Digital Assets

Interactive Brokers, Victory Securities Granted HK Crypto Licences

By Editors | 27/11/2023

Interactive Brokers and Victory Securities say they have approval to offer crypto trading services to retail investors in Hong Kong.

Securities / Derivatives

HKEX Allows Indonesian Companies to Apply for Secondary Listings

By Editors | 27/11/2023

The inclusion of IDX on HKEX’s list of Recognised Stock Exchanges allows Indonesian companies to apply for a secondary listing in Hong Kong.