Two jobless women accused of abducting a three-year-old boy in a Hong Kong shopping centre for a ransom of US$660,000 in cryptocurrency have been remanded in custody following a brief court hearing.
DBS Unit Fined in Hong Kong for Anti-Money Laundering Breach
DBS Group Holdings Ltd. was fined HK$10 million ($1.28 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.
New law to extend Hong Kong government land leases is in force; the Post examines the process
Extension of Government Leases Ordinance designed to cope with more than 300,000 commercial, residential and industrial leases scheduled to expire in 2047 A new law designed to automatically renew ...
Still too soon for Hong Kong to declare its economy out of the woods
True, no one has ever bet against Hong Kong and won. But it would be a foolhardy administration that underestimates the challenges still faced.
Hong Kong bridge half-marathon returns, bosses say food, water, delay issues resolved
When the inaugural 8,000-runner race on the bridge took place last November, participants were left frustrated by a lack of food during and after the event, a shortage of toilets and water and absence ...
Hong Kong court rejects claim that judge might be prejudiced by police report seen in earlier trial
High Court rejects application by defendant Chow Hang-tung for judge Anna Lai Yuen-kee to step down from her trial for incitement to subversion.
HKMA fines DBS Hong Kong US$1.28 million after money-laundering investigation
The bank failed to conduct enhanced due diligence in high-risk situations in periods between April 2012 and April 2019, the HKMA says.
Hong Kong fines DBS Bank $1.3 mn for money-laundering breaches
The Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday.
Hong Kong bridge half marathon to feature food, more water, less waiting in 2025
Second edition to be held in January, and race chief says improvements have been made to address issues at the first race.
HSBC fined record US$3 million for use of ‘unauthorised’ agents in MPF recruitment scheme
HSBC, Hong Kong’s biggest lender, has been hit with a record fine of HK$24 million (US$3 million) by the pensions regulator for offering incentives to “unauthorised intermediaries” to get corporate ...
Hong Kong fines DBS US$1.28 million over breaching anti-money laundering rules
The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million (US$1.28 million) by Hong Kong's banking regulator for violating anti-money laundering (AML) and ...
Amid Hong Kong’s deepening retail slump, location is king
HONG KONG – As a retail slump in Hong Kong deepens, business sentiments in non-prime shopping areas – particularly those in Kowloon and the New Territories – have been most adversely affected, data ...
Hong Kong fines DBS for breaching anti-money laundering rules
The scrutiny by Hong Kong resembles that of rival wealth center Singapore, which a year ago fined four financial institutions over AML breaches, including DBS. The bank failed to continuously monitor ...
Hong Kong fines DBS over breaching anti-money laundering rules
The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong's banking regulator for violating anti-money laundering (AML) and ...