Customs Mandates Haiti Sanctions Screening
September 2026 C&ED circulars require immediate client screening against updated UN sanctions for Haiti and Yemen.
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Regulators Target Trade-Based Money Laundering
Hong Kong authorities are shifting their enforcement focus toward identifying complex Trade-Based Money Laundering (TBML) networks.
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FATF Payment Transparency Overhaul
The C&ED is urging MSOs to prepare for massive cross-border payment transparency requirements driven by FATF’s 2026 guidelines.
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FATF Pressures Independent UBO Verification
Global FATF evaluations signal that Hong Kong TCSPs must move beyond self-declared data for UBO verification.
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HKMA Focuses on Tokenisation Risks
As Project Ensemble advances wholesale CBDCs, the HKMA emphasizes robust AML controls for tokenised financial assets.
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Customs Issues ISIL Sanctions Updates
A September 2026 Customs circular mandates MSOs to immediately screen client lists against updated UN sanctions.
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Navigating Hong Kong’s VA OTC Licensing
The upcoming Virtual Asset OTC licensing regime strictly separates fiat MSO activities from crypto services.
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Hong Kong Licenses VA Advisory Services
Mid-2026 consultation conclusions by the FSTB and SFC mandate AMLO-based licenses for virtual asset management.
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Re-domiciliation Demands Stricter Checks
Hong Kong’s inward corporate re-domiciliation regime creates complex UBO and AML verification challenges for TCSPs.
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Adapting to CARF and CRS
Hong Kong’s integration of the Crypto-Asset Reporting Framework alongside existing CRS mandates tighter tax due diligence.
