by AdrianaAMLP | Sep 23, 2022
The control deficiencies identified in the investigation relate to conducting on-going CDD and EDD in respect of high risk situations during the period between April 2012 and February 2016. CUBHK failed to establish and maintain effective procedures for carrying out...
by AdrianaAMLP | Jan 21, 2022
HKMA has issued its Discussion Paper on Crypto-assets and Stablecoins, setting out the regulatory landscape globally and in other jurisdictions, as well as the current landscape in Hong Kong, and how it believes the Hong Kong regulatory framework should be expanded to...
by AdrianaAMLP | Jan 12, 2022
While crypto-assets have not yet posed material risks to financial stability, it may not be the case for very long as there is increasing linkage of such assets with traditional financial system which poses greater risks if the asset class continues to develop at...
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