Man involved in fraudulent online money changer page convicted of money laundering A man was sentenced to respective nine-month and 54-month imprisonment terms today (April 24) at the District Court [...]

The Hong Kong Monetary Authority (HKMA), the Hong Kong Police Force (HKPF) and The Hong Kong Association of Banks (HKAB) jointly announced today (April 10) a series of new measures [...]

HSBC, Standard Chartered Bank, and Bank of Communications (Bocom) on Monday started helping Hongkongers open mainland bank accounts remotely, the latest move in a broader effort to make it easier [...]

Last week, the Monetary Authority and the People's Bank announced several measures to deepen financial collaboration between Hong Kong and the CSI China Mainland Financials Index, one of which is [...]

The chief executive of the Hong Kong Monetary Authority, Eddie Yue, has welcomed news that the People's Bank of China will unveil various measures to boost financial collaboration between the [...]

12th December 2024 – (Hong Kong) At midday today, A staff member from the exchange shop, SAI YAU KEE WORLDWIDE COMPANY LIMITED located at G/F, Block C, General Commercial Building, [...]

Speech by S for S at International Forum on Combating Money Laundering and Transnational Organized Crimes: Criminal Networks, Trade Dynamics and Beyond Following is the speech by the Secretary for [...]

Hong Kong’s banking regulator fined a local unit of CITIC over violations of anti-money laundering rules. The Hong Kong Monetary Authority (HKMA) has imposed a penalty of HK$4 million ($510,000) [...]

A sophisticated fraud ring operating on online shopping platforms has been dismantled by Hong Kong police, resulting in the arrest of 11 individuals. The group allegedly used “mock banknotes” to [...]

Monetary Authority takes disciplinary action against Fubon Bank (Hong Kong) Limited for contravention of Anti-Money Laundering and Counter-Terrorist Financing Ordinance The following is issued on behalf of the Hong Kong [...]

Hong Kong Customs detects money laundering case involving about $1.6 billion Hong Kong Customs mounted an operation codenamed "Spark II" yesterday and today (October 15 and 16). Five local men, [...]

16th October 2024 – (Hong Kong) On the evening of 13th October, police received a report from a 53-year-old manager of a currency exchange shop, who claimed to have been [...]