Hong Kong's SFC Steps Up Controls to Curb Forged Documents and Money Laundering

1. Hong Kong's Securities and Futures Commission (SFC) has rolled out enhanced measures to tackle forged documentation and money-laundering risks, and to tighten standards for account opening. 2. Iranian Foreign Ministry spokesperson: steps must be taken to end the blockade of the Strait of Hormuz. 3. A newly created address withdrew 680,000 HYPE from Coinbase over two days, worth about $40.7 million. 4. China's securities regulator, the China Securities Regulatory Commission (CSRC), together with seven other departments, called for the complete eradication of illegal cross-border business activities conducted by offshore securities, futures and fund institutions. 5. Changqiao Securities said it will strictly implement all rectification requirements and make the relevant arrangements in accordance with laws and regulations. 6. Fuyi said the share of clients with assets in mainland China has fallen to 13%. 7. ZachXBT: the Polymarket UMA CTF adapter contract on Polygon appears to have been compromised, with more than $520,000 already drained. 8. The CSRC said it has intensified enforcement against illegal cross-border business activities and plans to confiscate all illicit gains of Tiger, Futu and Changqiao, as well as their related entities both in China and overseas.