The Hong Kong Monetary Authority ("HKMA") and the Global Coalition to Fight Financial Crime ("GCFFC") co-hosted the APAC Fighting Financial Crime Conference 2025 on 1 April 2025. Leading experts in AML and CFT, along with participants from various sectors, discussed the fight against financial crimes, highlighting international best practices and the importance of collaboration.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SFC Regulation of Virtual Asset Trading Platforms: The Emerging Hong Kong Framework
SFC proposes new regulation of virtual assets through licensing of operators of cryptocurrency and other digital asset trading platforms
Market Misconduct Tribunal: A Guide to Penalties and Other Consequences for Misuse of Insider Information
Market Misconduct Tribunal proceedings for mishandling of insider information can result in fines and disgorgement orders
SPOTLIGHT ON
FAMILY OFFICES
The Hong Kong Monetary Authority ("HKMA") and the Global Coalition to Fight Financial Crime ("GCFFC") co-hosted the APAC Fighting Financial Crime Conference 2025 on 1 April 2025, focusing on the theme 'Fighting Financial Crime in a More Complex World'. The conference united top experts from across Asia-Pacific in the realm of anti-money laundering ("AML") and counter-terrorism financing ("CFT"), as well as local stakeholders from Hong Kong's AML/CFT ecosystem. Attendees comprised representatives from banks, government agencies, financial regulators, and law enforcement organizations.
Keynote speeches and panel discussions centered on strategic advancements in combating fraud and financial crimes. Mr. Raymond Chan, Executive Director (Enforcement & AML) of HKMA, emphasized the urgency of quick and innovative responses to digital financial services criminality, underscoring the critical role of collaboration and the deployment of artificial intelligence ("AI"). Mr. Keith Yip, Director of Crime and Security at the Hong Kong Police Force, stressed the significance of persistent collaboration and data-driven intelligence to tackle financial crimes, including cyber-enabled fraud and transnational money laundering. Mr. John Cusack, GCFFC Chair, acknowledged the HKMA's efforts in convening distinguished leaders from the public, private, and non-profit sectors, with discussions exploring key issues and emerging trends in financial crime.
Panel sessions and breakout discussions highlighted the need to intensify efforts against money laundering and financial crimes. Participants called for enhanced customer protection and improvements to global AML systems. Highlights included calls to action against frauds and scams, updates on AML supervision within the banking sector, Hong Kong's contributions to international AML standards, and the crucial role of public-private collaboration in the APAC region. Recent legislative changes by the HKMA to facilitate information sharing between banks were also discussed.
The event's attendees included Mr. Raymond Chan, Mr. Keith Yip, and Mr. John Cusack, as well as representatives from financial regulators, government agencies, banks, and law enforcement agencies. The gathering provided a forum for participants to share insights and best practices, contributing to a robust framework for combating financial crime in the increasingly complex global landscape.
View the full article:Source
