HKMA alerts public about unauthorized firm claiming to operate in Hong Kong. Check authorized institutions on HKMA’s website or contact their public enquiry service.
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") cautions members of the public that the entity referenced on the above Website is unauthorized under the Banking Ordinance to engage in banking activities or accept deposits in Hong Kong. It is crucial for individuals to verify the status of any organization purporting to be authorized by the HKMA, prior to engaging in any transactions or sharing personal information with them.
In light of the global reach of the Internet, the HKMA advises that individuals should verify the authorization status of organizations claiming to be authorized by the HKMA. The HKMA maintains a list of authorized institutions on its website (www.hkma.gov.hk) for public reference.
Members of the public may also contact the HKMA’s public enquiry service (
View the full article:Source
