On 05 Jul 2024, the Hong Kong Monetary Authority (HKMA) announced that it had completed an investigation and disciplinary proceedings for DBS Bank (Hong Kong) Limited (DBSHK) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the Laws of Hong Kong) (AMLO). The Monetary Authority (MA) has imposed a pecuniary penalty of HK$10,000,000 against DBSHK for contraventions of the AMLO.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/07/20240705-3/