Regulation in Hong Kong

Hong Kong Monetary Authority The Hong Kong Monetary Authority (HKMA) is Hong Kong’s central banking institution. It was established on 1 April 1993 by merging the Office of the Exchange Fund and the Office of the Commissioner of Banking. The HKMA’s four main functions are: Helping to maintain Hong Kong’s status as an international financial centre, […]

Artificial Intelligence in Financial Crime

Artificial Intelligence within Financial Crime Financial crime is a major threat to financial institutions (FIs) today. Criminal networks are employing financial crime to underpin their activities, from organised crime, to terrorism, and drug and human trafficking. As such, banks have been put on the front lines of crime prevention. FIs have continued to increase their […]

The Reserve Bank of India and AML/CTF regulations

The Reserve Bank of India, which was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934, serves as the country’s central and primary financial regulator. RBI is responsible for protecting the country’s monetary stability and does so by regulating the economy, issuing currency, promoting growth, and […]