Circular to Money Service Operators Anti-Money Laundering / Counter-Terrorist Financing (1) United Nations Sanctions (Central African Republic) Regulation 2020 (2) United Nations Sanctions (Democratic Republic of the Congo) Regulation 2019
HKMSOS, 24 Aug 2020
The circular is published for announce the updates of list of “individuals and entities” under United Nations Sanctions (Central African Republic) Regulations 2020 and United Nations Sanctions (Democratic Republic of the Congo) Regulation 2019.
Full Text: Click Here; Attachment 1: Click Here; Attachment 2: Click Here[MM1]
Hong Kong regulator gives in-principle approval to license crypto exchange firm
Straits Times, 24 Aug 2020
OSL said last November that it had become the first firm to apply for a digital asset licence from Hong Kong's Securities and Futures Commission under new rules allowing crypto exchanges to opt into regulation.
No other firm has so far said it has received such approval. Financial regulators worldwide have been debating whether and how they should regulate the cryptocurrency, or virtual asset, industry.
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Trek 2000 founder Henn Tan pleads guilty to Securities and Futures Act violations
Business Times, 24 Aug 2020
As the then-chief executive officer (CEO) of the mainboard-listed technology firm, Tan in 2010 and 2013 negligently failed to make the required immediate announcements on 24 interested person transactions relating to sales between the group and related companies S-Com Solutions (Hong Kong) and T-Data Systems.
Tan has another four similar charges, which were taken into consideration at sentencing. The 63-year-old was fined S$80,000.
Full Text: Click Here
