by Argus | Compliance, Financial Institutions, Regulatory Compliance
The Hong Kong Monetary Authority (HKMA) approves three Virtual banking licenses The Hong Kong Monetary Authority (HKMA) has granted virtual banking licenses on 27 March 2019 under the Banking Ordinance to Livi VB Limited, SC Digital Solutions Limited and ZhongAn...
by Argus | Financial Institutions, News, Regulatory Compliance
MAS sets out enforcement outcomes and priorities in inaugural Enforcement Report The Monetary Authority of Singapore (MAS) published its inaugural Enforcement Report on 20th March 2019. The enforcement report outlines MAS’ enforcement priorities and provides greater...
by Argus | News, Regulatory Compliance
MAS sets out enforcement outcomes and priorities in inaugural Enforcement Report The Monetary Authority of Singapore (MAS) published its inaugural Enforcement Report on 20th March 2019. The enforcement report outlines MAS’ enforcement priorities and provides greater...
by Argus | Compliance, News, Regulatory Compliance
SFC fines UBS $375 million and suspends its licence for one year for sponsor failures Regulatory Compliance enforcement action. The Securities and Futures Commission (SFC) has reprimanded and fined UBS AG and UBS Securities Hong Kong Limited (UBS Securities Hong Kong)...
by Argus | Anti Money Laundering, News, Payment Services Bill, Regulatory Compliance
Can remittance companies licensed under the Money-changing and Remittance Businesses Act (MCRBA) lend money? Remittance companies are currently licensed under the Money-changing and Remittance Businesses Act (MCRBA). The Money-changing and Remittance Businesses Act...
by Argus | Compliance, News, Regulatory Compliance
Enhancements to Technology Risk and Business Continuity Management Guidelines proposed by MAS The Monetary Authority of Singapore (MAS) released two consultation papers on proposed changes to the Technology Risk Management Guidelines and the Business Continuity...
