Indian Overseas Bank's Hong Kong branch fined ₹9cr
Wednesday, 23 July 2025 () Indian Overseas Bank's Hong Kong branch (IOBHK) faces a HK$8.5 million penalty from the Hong Kong Monetary Authority for AML/CFT ordinance breaches. The HKMA cited 'significant failure' in mitigating risks, pointing to inadequate management oversight and improper handling of transaction alerts. IOB asserts no AML/CFT violations occurred, attributing the issue to software alert handling, with corrective measures underway.
Typhoon Wipha wreaked havoc across Hong Kong and parts of southern China on July 20, 2025, bringing violent winds exceeding 160 km/h, torrential rain, and widespread destruction. The Hong Kong Observatory issued its highest storm warning (Signal 10), prompting the cancellation of over 400 flights and...
Hong Kong's traditional bamboo scaffolding faces gradual phase-out
Hong Kong’s iconic bamboo scaffolding may be phased out as the government pushes for wider adoption of metal alternatives, citing..
Credit: euronews (in English) Duration: 01:00Published
My life as a footballer and global icon: Cristiano Ronaldo honoured in new Hong Kong museum
The CR7 Life Museum in Hong Kong promises an immersive experience about the life and times of the..
Credit: euronews (in English) Duration: 00:44Published
China's first domestically built aircraft carrier visits Hong Kong in show of power
Accompanied by a destroyer and a frigate, the warships will be open to the public over the weekend, with all..
Credit: euronews (in English) Duration: 01:00Published
Wednesday, 23 July 2025 ()
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