Hong Kong’s First Virtual Bank Begins Operations
According to a statement issued on March 24th, ZA Bank, a unit of China’s ZhongAn…
Claus ChristensenMarch 30, 2020
The SFC’s New Approach to Remote Onboarding
At the end of June, the Securities and Futures Commission (SFC) - the independent statutory…
Claus ChristensenAugust 2, 2019
Hong Kong Welcomes FATF ‘Overall Compliant’ Result
"The Hong Kong government has issued a statement welcoming the recognition from the FATF (Financial…
Claus ChristensenJuly 1, 2019
HKMA Issues First Batch of Virtual Banking Licences
On March 27th, 2019, the Hong Kong Monetary Authority (HKMA) announced it issued its first…
Claus ChristensenMarch 29, 2019
Hong Kong’s Common-Sense Approach to KYC
In many ways, Hong Kong sets the gold standard for KYC regulations and the ease…
Claus ChristensenJune 21, 2018
In Hong Kong’s fight against dirty money, officials vow to ‘address gaps’
Hong Kong is battling to “address gaps” in the fight against dirty cash as it…
Claus ChristensenMay 1, 2018