HKMA Updates

19 Nov 2019

Suspicious mobile applications (Apps) related to Bank of Singapore Limited

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of Singapore Limited on suspicious Apps, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website for ease of reference by members of the public.

Anyone who has provided his or her personal information to the Apps concerned or has conducted any financial transactions through the Apps should contact the bank concerned using the contact information provided in the press release, and report to the Police or contact the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.

 

Hong Kong Monetary Authority
19 November 2019

Link:

HKMA Notice

19 Nov 2019

Phishing email related to Bank of China (Hong Kong) Limited

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of China (Hong Kong) Limited on phishing email, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website for ease of reference by members of the public.

Anyone who has provided his or her personal information to the email concerned or has conducted any financial transactions through the email should contact the bank concerned using the contact information provided in the press release, and report to the Police or contact the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.

 

Hong Kong Monetary Authority
19 November 2019

Link:

HKMA Notice

18 Nov 2019

Phishing email related to The Hongkong and Shanghai Banking Corporation Limited

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited on phishing email, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website for ease of reference by members of the public.

Anyone who has provided his or her personal information to the email concerned or has conducted any financial transactions through the email should contact the bank concerned using the contact information provided in the press release, and report to the Police or contact the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.

 

Hong Kong Monetary Authority
18 November 2019

Link:

HKMA Notice

22 Nov 2019

Hong Kong Monetary Authority (HKMA) fosters a diversified ecosystem for Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Regulatory Technology (RegTech)

The HKMA hosted the first AML/CFT RegTech Forum on 22 November 2019. 

The event gathered various stakeholders in Hong Kong’s AML/CFT regime and was attended by around 400 representatives of banks as well as government agencies, financial regulators and law enforcement agencies, together with global experts and firms in the application of technology, including artificial intelligence and data analytics.  Participants shared insights in grasping opportunities for the use of innovative technology to enhance the efficiency of both banks and the wider AML/CFT ecosystem.

Welcoming the group, Mr Arthur Yuen, Deputy Chief Executive of the HKMA, said, “The Forum, building on the positive results of the recent Financial Action Task Force evaluation of Hong Kong’s AML/CFT regime, brings together the banking and technology sectors and stakeholders to further enhance effectiveness, which requires vision and aspiration because there are always new and emerging risks; criminals will exploit new technology to create terrible harm.”   “The HKMA and the banking sector will continue to contribute to AML/CFT efforts in Hong Kong, and through our supervisory processes, regulations and guidance, we support banks’ efforts to innovate and fully grasp the benefits of RegTech.” Mr Yuen added.

In a series of panels and break-out sessions, participants shared experience and expertise in the application of Regtech to AML/CFT work in the banking sector and explored further collaboration among banks and various stakeholders.  Three break-out groups, namely “Accelerators”, “Enablers”and “Collaborators”, will keep up the momentum collectively by focusing on the following efforts in the next six to twelve months:

 

  • “Accelerators” : Applying an appropriate assessment framework that assists banks to review AML/CFT processes end-to-end for RegTech adoption and drive changes in the industry;

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  • “Enablers” : Experimenting in “Lab sessions” for software innovations in areas including transaction monitoring and screening; and

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  • “Collaborators” : Working to fulfill requirements, namely data, analytics, information delivery, collaboration as well as skills and expertise, to further enhance effectiveness of the AML/CFT ecosystem and the positive impacts of information and intelligence sharing.

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Hong Kong Monetary Authority
22 November 2019

 

Mr Arthur Yuen, Deputy Chief Executive of the HKMA makes welcoming remarks at the first HKMA AML/CFT RegTech Forum.
Mr Arthur Yuen, Deputy Chief Executive of the HKMA makes welcoming remarks at the first HKMA AML/CFT RegTech Forum.

(From left to right – Panel 1) Mr Stewart McGlynn, Head (AML and Financial Crime Risk) of the HKMA; Mr Paul Jevtovic, Head of Financial Crime Threat Mitigation, Asia Pacific of The Hongkong and Shanghai Banking Corporation Limited; Mr Zane Moi, Deputy General Manager of Amazon Web Services Hong Kong & Taiwan; Mr Malcolm Wright, Chief Compliance Officer of Diginex and Mr Chris Bostock, Director of Deloitte share insights about innovation and the future of money laundering and terrorist financing risk management.
(From left to right – Panel 1) Mr Stewart McGlynn, Head (AML and Financial Crime Risk) of the HKMA; Mr Paul Jevtovic, Head of Financial Crime Threat Mitigation, Asia Pacific of The Hongkong and Shanghai Banking Corporation Limited; Mr Zane Moi, Deputy General Manager of Amazon Web Services Hong Kong & Taiwan; Mr Malcolm Wright, Chief Compliance Officer of Diginex and Mr Chris Bostock, Director of Deloitte share insights about innovation and the future of money laundering and terrorist financing risk management.

(From left to right - Panel 2) Mr Anir Bhattacharyya, Director of Deloitte; Ms Wendy Ennis, Head, Financial Crime Compliance of SC Digital Solutions Limited; Mr John Collins, Partner of JohnsonLeonard Data & Analytics; Mr Edward Chiu, Chief Operating Officer of Chong Hing Bank Limited and Mr Brian W Tang, Co-Chairman of the Fintech Association of Hong Kong’s Regtech Committee discuss challenges and opportunities in adopting RegTech in AML/CFT.
(From left to right – Panel 2) Mr Anir Bhattacharyya, Director of Deloitte; Ms Wendy Ennis, Head, Financial Crime Compliance of SC Digital Solutions Limited; Mr John Collins, Partner of JohnsonLeonard Data & Analytics; Mr Edward Chiu, Chief Operating Officer of Chong Hing Bank Limited and Mr Brian W Tang, Co-Chairman of the Fintech Association of Hong Kong’s Regtech Committee discuss challenges and opportunities in adopting RegTech in AML/CFT.

Participants have break-out group discussion on “pain points” in AML/CFT work and possible application of RegTech across various use cases and deploying technology to advance more proactive data and knowledge sharing.
Participants have break-out group discussion on “pain points” in AML/CFT work and possible application of RegTech across various use cases and deploying technology to advance more proactive data and knowledge sharing.

Ms Carmen Chu, Executive Director (Enforcement and AML) of the HKMA gives concluding remarks highlighting the follow-up actions to keep up the momentum and effectiveness of the AML/CFT efforts.
Ms Carmen Chu, Executive Director (Enforcement and AML) of the HKMA gives concluding remarks highlighting the follow-up actions to keep up the momentum and effectiveness of the AML/CFT efforts.

Link:

HKMA Notice

06 Nov 2019

Phishing email related to Hong Leong Bank Berhad

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hong Leong Bank Berhad on phishing email, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website for ease of reference by members of the public.

Anyone who has provided his or her personal information to the email concerned or has conducted any financial transactions through the email should contact the bank concerned using the contact information provided in the press release, and report to the Police or contact the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.

 

Hong Kong Monetary Authority
6 November 2019

Link:

HKMA Notice

29 Oct 2019

Suspected fraudulent website : https://www.ctbci.com/en-intl/en/index.html

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong to a suspected fraudulent website with the domain name https://www.ctbci.com/en-intl/en/index.html. The website is operated by an alleged Chinatrust Investment Bank Corporation/ Chinatrust Investment Bank.

The public should be aware that Chinatrust Investment Bank Corporation/ Chinatrust Investment Bank is not authorized by the Monetary Authority (MA) under the Banking Ordinance to carry on banking business, nor does it have the MA’s approval to establish a local representative office.

The HKMA has referred the case to the Hong Kong Police Force for further investigation. Anyone who has provided his or her personal information to the website or has conducted any financial transactions through the website should contact any local Police Station or the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.

Given the global nature of the Internet, members of the public are reminded to verify the status of any organisation making use of the Internet to solicit deposits from the public. A list of authorized institutions is available on the HKMA’s website (www.hkma.gov.hk). Members of the public may also check the status of any entity in Hong Kong which solicits deposits from the public with the HKMA by calling its public enquiry hotline 2878 8222.

 

 

Hong Kong Monetary Authority
29 October 2019

Link:

HKMA Notice

30 Oct 2019

Phishing email related to Hong Leong Bank Berhad

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hong Leong Bank Berhad on phishing email, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website for ease of reference by members of the public.

Anyone who has provided his or her personal information to the email concerned or has conducted any financial transactions through the email should contact the bank concerned using the contact information provided in the press release, and report to the Police or contact the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.

 

Hong Kong Monetary Authority
30 October 2019

Link:

HKMA Notice