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Tuesday, Apr 13, 2021
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German watchdog orders Goldman Sachs to comply with AML rules, for a change
Germany’s financial watchdog has ordered Goldman Sachs’ European arm to comply with rules to prevent money laundering and terrorist financing, it said on Thursday.
The watchdog, BaFin, said it had asked Goldman Sachs to comply with due diligence obligations regarding customers and risk analysis requirements under Germany’s anti-money laundering laws.
Goldman Sachs said in a statement that BaFin’s order followed an audit undertaken by BaFin in 2020. “The required implementation is already underway,” the bank said.
People familiar with the matter said that Goldman Sachs had not fully complied with German know-your-customer standards when transferring British customers to Germany.
Quote of the Day
A truly rich man is one whose children run into his arms when his hands are empty.
Now is a good time to debate Hong Kong tax rises
The divide between rich and poor has been widening, even during a global pandemic; let’s at least consider whether corporations and the wealthy should contribute more.
Hong Kong’s public broadcasting service purged of democratic voices: journalist who challenged WHO with Taiwan question resigns
The host of an English language news and current affairs program on Hong Kong’s public broadcasting service who questioned a WHO bureaucrat about Taiwan’s lack of membership in ...
Hong Kong Launches 'National Security Education' Campaign in Schools
Teaching materials ignore the arrests of dozens of peaceful dissidents and pro-democracy lawmakers under the law.
London most popular city to buy ultra-luxurious residential property
The combined value of super-prime properties sold in the British capital climbed in 2020 to $3.7 billion (3.1 billion euros).
Hong Kong selects providers for digital vouchers scheme
Hong Kong has selected AlipayHK, Octopus, Tap & Go and WeChat Pay HK as e-payment providers for its HKD 5,000 digital voucher scheme.
HSBC agrees in Hong Kong court to share documents with Huawei’s Meng Wanzhou
HSBC on Monday reached an agreement to share documents with lawyers for Huawei Chief Financial Officer Meng Wanzhou following her weeks-long quest for the files to help fight ex...
Pandemic Driving Hong Kong Investors to the UK
Hong Kongers' interest in UK property remained strong despite the effects of the pandemic, creating a preference that is set to stay in 2021.
Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators
Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen a...
Local privacy watchdog probes Clubhouse over whether data leak involved Hong Kong users
The Office of the Privacy Commissioner for Personal Data in Hong Kong (PCPD) has reached out to Clubhouse over the alleged data leak.
Stranded Hongkongers welcome decision to lift ban on arrivals from Britain
Chief Executive Carrie Lam says city residents will be allowed to fly back on any Hong Kong-bound flights from Britain from early May.
Make most of mainland opportunities, justice minister tells Hong Kong lawyers
Secretary for Justice Teresa Cheng highlights benefits of being involved in Beijing’s 14th five-year plan during online seminar with city’s legal community.
Macau increases handout, with digital wallets and stored-value cards to be used
Under revised scheme, 5,000 patacas can be transferred to digital wallets supported by eight mobile payment operators, while purchases made using Macau Pass will be discounted b...
Hong Kong police officer among 65 arrested in raid on illegal gambling den
The officer is one of three people suspected of running the underground poker room, while four stand accused of working as dealers.
Hong Kong to expand quarantine-free return plan
Chief executive Carrie Lam Cheng Yuet-ngor said the government is thinking of letting its residents who are now in Chinese provinces and cities other than Guangdong and Macau, a...
Can blank ballots be banned in Hong Kong polls, and what now for voter turnout?
Minister says inciting voters to leave ballot papers blank could violate Basic Law, but analysts warn banning the practice could hamper turnout, raise legitimacy questions.
Principals refuse to enact full class resumptions
It was an occasion to rejoice for children and their parents as more students were allowed back in schools yesterday after the Easter break.
Hong Kong Covid-19 ‘vaccine bubbles’ to allow larger group dining, some travel
Quarantine requirement to be dropped for mainland visitors to Hong Kong from mid-May, subject to screening conditions; city confirms 13 new cases.
‘Vaccine hesitancy’ may delay easing of restrictions in Hong Kong, experts warn
Expats and others planning to travel are among the relative few to be vaccinated, as most choose to ‘wait and see’.
Mainland training looms for entry into civil service
Authorities are considering making it mandatory for civil servants to complete training courses in the mainland during their three-year probation period before they can be hired...
What does getting vaccinated offer Hongkongers?
With Pfizer-BioNTech jabs running again, the Post offers a guide to the city’s wider coronavirus vaccination programme and its implications for participants and those opting out.
RTHK journo, host of "The Pulse” resigns
Yvonne Tong Yeuk-wun has resigned as RTHK reporter, according to sources.
Retired man pleads guilty for throwing petrol bomb
A 63-year-old man pleaded guilty after he was caught throwing petrol bombs at a police quarter in March last year.
Restaurants to open till midnight, only if staff get vaccinated
Restaurants will be allowed to extend dine-in services to midnight and seat more people at each table --- on the condition that all staffers get vaccinated and all diners use th...
Quarantine rules to be relaxed for fully vaccinated arrivals
Coronavirus quarantine measures for visitors from low or medium risk areas, who have completed their vaccinations, will be reduced to 14 days or less, Chief Executive Carrie Lam...
CUHK receives HK$30 million donation from Li Ka-shing
The Faculty of Medicine at Chinese University received a HK$30 million donation from Li Ka-shing Foundation to upgrade the research facilities in the Institute of Health Sciences.
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