BANKING
Hong Kong Monetary Authority Reports November 2024 Monetary Statistics
The Hong Kong Monetary Authority reported a 0.3% increase in total deposits for November 2024, with notable changes in currency deposits and loan activities.
Hong Kong Enhances Deposit Protection Scheme with New Measures
The Hong Kong Deposit Protection Board implements the second phase of enhancements to the Deposit Protection Scheme, improving depositor coverage and increasing public awareness.
HKMA Issues Alert on Unauthorized Website Claiming Banking Services
The Hong Kong Monetary Authority warns the public about an unauthorized website, urging verification of banking authorizations before sharing funds or personal data.
HKMA Expands One-Stop Dataset of Retail Banking Facilities in Hong Kong
The Hong Kong Monetary Authority (HKMA) has expanded its dataset offerings through an Open API, enhancing data on retail banking facilities and promoting innovative applications.
Hong Kong Monetary Authority Penalizes China CITIC Bank for AML Violations
The Hong Kong Monetary Authority has fined China CITIC Bank International Limited HK$4 million for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
Hong Kong Expands Fraud Alert System to ATM Transactions
The Hong Kong Monetary Authority, with police and banks, expands its Suspicious Account Alert system to include ATM transactions, enhancing anti-fraud measures.
Hong Kong Monetary Authority Reports October 2024 Monetary Statistics
The Hong Kong Monetary Authority reveals that total deposits remained stable in October 2024, with notable movements in Hong Kong dollar and foreign currency deposits.
HKMA Issues Alert on Fraudulent Website Linked to Chong Hing Bank
The Hong Kong Monetary Authority warns the public about a fraudulent website associated with Chong Hing Bank Limited, advising caution against phishing scams.
Hong Kong Monetary Authority Warns of Fraudulent Website Impersonating China Construction Bank (Asia)
The HKMA issues a warning about a fraudulent website impersonating China Construction Bank (Asia), urging the public to stay vigilant against scams.
Hong Kong Monetary Authority Reports Decline in Composite Interest Rate for October 2024
The Hong Kong Monetary Authority (HKMA) has announced a decrease in the composite interest rate to 2.30% at the end of October 2024, reflecting lower funding costs.
Hong Kong Monetary Authority Warns of Fraudulent HSBC Websites
The Hong Kong Monetary Authority (HKMA) has issued a warning regarding fraudulent websites posing as The Hongkong and Shanghai Banking Corporation Limited, urging caution and providing safety tips.
HKMA Warns Against Misuse of 'Bank' by Crypto Firms in Hong Kong
The Hong Kong Monetary Authority cautions the public about crypto firms misrepresenting themselves as banks, potentially violating the Banking Ordinance.
HKMA Imposes HK$4 Million Penalty on Fubon Bank for AML Ordinance Breach
The Hong Kong Monetary Authority has fined Fubon Bank HK$4 million for failing to comply with anti-money laundering regulations between 2019 and 2022.
HKMA Warns of Fraudulent Websites and Emails Targeting Dah Sing Bank Customers
The Hong Kong Monetary Authority issues a warning about fraudulent websites and phishing emails targeting Dah Sing Bank customers, urging public vigilance.
HKMA Concludes Consultation on Information Sharing Among Authorized Institutions
The Hong Kong Monetary Authority (HKMA) concludes its consultation on information sharing among Authorized Institutions to prevent and detect crime.