February 11, 2022

This week in APAC headlines, Hong Kong are due to become the first market outside of mainland China to test the digital yuan, with a pilot expected to be launched later this month. Meanwhile, the People’s Bank of China (PBOC), the China Banking and Insurance Regulatory Commission (CBIRC) as well as the China Securities Regulatory Commission (CSRC) have issued new guidelines financial institutions must follow in regard to customer due diligence and transaction records.

February 4, 2022

This week in APAC headlines, China announced plans to toughen law enforcement to curb monopolistic practices within the pharmaceutical industry, while Hong Kong's ICAC issued a reminder to the insurance sector, to take a proactive stance against corruption and financial crime.

January 31, 2022

This week in APAC headlines, the Chinese government have launched a 3 year campaign to combat money laundering in a bid to safeguard national security, while Hong Kong's ICAC have charged 5 individuals with money laundering and defrauding investors of upwards of HKD$30m.

January 21, 2022

This week in APAC headlines, the HKMA released a questionnaire to gauge public opinion on digital assets & stablecoins, with the intention of establishing a regulatory framework to oversee the sector by 2023/24. Meanwhile, Chinese courts have handed a suspended death sentence to a former senior provincial official, for allegedly receiving upwards of USD$70.7m in bribes.