Hong Kong Monetary Authority

    AML / KYC

    HK & Mainland Police Arrest Three for Face Spoofing and Money Laundering

    By Sanday Chongo Kabange | 17/10/2025

    The three members of a cross-border syndicate allegedly used pre-recorded videos to bypass facial recognition systems at digital banks.

    Crypto / Digital Assets

    BCBS May Re-evaluate Bank Capital Standards for Crypto - Report

    By Manesh Samtani | 17/10/2025

    BCBS Chair Erik Thedéen said the rapid growth of stablecoins could be a reason to review the rules, which were developed in 2022.

    Fintech / Regtech

    FSB, IOSCO Find ‘Uneven’ Global Implementation of Crypto Regulations

    By Manesh Samtani | 16/10/2025

    Reports from the FSB and IOSCO find inconsistent crypto rule implementation, creating arbitrage risks and complicating cross-border oversight of firms.

    Fintech / Regtech

    HKMA Announces Second Cohort of GenAI Sandbox Participants

    By Sanday Chongo Kabange | 16/10/2025

    The cohort includes 27 use cases from 20 banks, with a focus on AI governance and using AI to test systems against sophisticated fraud.

    Hong Kong Task Force Charts Course to Aid Mainland Firms' Expansion

    By Sanday Chongo Kabange | 15/10/2025

    A high-level steering committee including the HKMA and HKEX has met for the first time to discuss strategy for the new one-stop support platform.

    Crypto / Digital Assets

    Hong Kong Lawmakers Eye Stablecoins Pegged to Offshore Yuan

    By Sanday Chongo Kabange | 14/10/2025

    A new LegCo special report has signalled intent by Hong Kong to seek Mainland China’s support for offshore CNY stablecoins.

    AML / KYC

    HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

    By Sanday Chongo Kabange | 13/10/2025

    The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

    Fintech / Regtech

    Hong Kong to "Regularise" Mainland Credit Data Sharing Scheme

    By Sanday Chongo Kabange | 13/10/2025

    The move aims to help banks assess the creditworthiness of mainland individuals and firms, while new guidance is being drafted for using alternative data.

    Market Infrastructure

    Hong Kong Explores Enhancements for e-CNY Wallet

    By Manesh Samtani | 09/10/2025

    Hong Kong authorities are discussing higher transaction limits and new use cases for the digital yuan pilot but have no firm timeline.

    Enforcement

    HKMA Working to Expand its Disciplinary Toolkit - Report

    By Manesh Samtani | 07/10/2025

    The proposal would grant the HKMA powers to fine and publicly reprimand banks, better aligning its authority with international standards.

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