Hong Kong has seen cryptocurrencies grow in popularity, highlighting the need for appropriate licensing regimes (implemented in the form of virtual asset service providers (VASPs)), bolstered by active enforcement...more
1/11/2024
/ Criminal Liability ,
Critical Infrastructure Sectors ,
Cross-Border ,
Crowdfunding ,
Cryptocurrency ,
Cybersecurity ,
Enforcement Actions ,
EU ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Internal Investigations ,
National Security ,
Personal Data ,
Popular ,
Regulatory Reform ,
Stablecoins ,
UK ,
Virtual Currency
Paying a cyber ransom will, allegedly, secure your data and give you back control of your systems. But there are legal, operational and ethical risks to consider....more
Introduction -
The past decade has seen a huge increase in the incidence of cybercrime in Hong Kong. The number of cybercrime reports rose from 2,206 in 2011 to 16,159 in 2021. This trend has been exacerbated by the global...more
The past decade has seen a huge increase in the incidents of cyber crime in Hong Kong. This has been exacerbated by the global pandemic, which has forced criminals online, with the number of cases in 2020 representing a 55%...more
(i) a licensing regime for virtual asset trading platforms in Hong Kong, including anti-money laundering obligations; (ii) a two-tier registration regime for dealers in precious metals and stones; and...more
11/9/2020
/ AML/CFT ,
Anti-Corruption ,
Anti-Money Laundering ,
BSA/AML ,
Digital Assets ,
Financial Crimes ,
Financial Institutions ,
Financial Transactions ,
Hong Kong ,
Money Laundering ,
Popular ,
Terrorist Financing Regulations ,
Trading Platforms