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Hong Kong police have arrested 65 people after launching a major enforcement operation against a suspected criminal syndicate allegedly involved in running illegal gambling establishments, operating unlicensed nightclubs and laundering more than HK$13 million ($1.7 million) in suspected illicit proceeds. The two-day operation, codenamed Thunderbolt and Roaring Tiger, was conducted by the Kowloon West Regional Crime Headquarters in cooperation with the Immigration Department

A Hong Kong court has ruled that an arbitral award worth more than €30 million can be enforced despite arguments from a Canadian bank that complying with the judgment could expose both the institution and its employees to criminal liability under Canada's sanctions regime. The ruling offers significant guidance on how courts weigh sanctions-related concerns against the long-established principle of enforcing international arbitration awards. Arbitration dispute centred on

Hong Kong’s Financial Services and the Treasury Bureau, together with the Securities and Futures Commission, have concluded consultations on the introduction of new licensing regimes for virtual asset dealers and custodians, confirming that operating such businesses without a licence will constitute a criminal offence. Under the proposed framework, unlicensed activity will be punishable by a fine of HK$5 million and up to seven years’ imprisonment, marking a major expansion o