HKMA flags unlicensed Trust Wallet website in Hong Kong

HKMA warned that trustwallet[.]uk[.]com is not licensed as a stored value facility issuer under Hong Kong law.

The alert reinforces HKMA's enforcement stance against unlicensed SVF activity and cross-border digital wallet solicitation. Firms should incorporate the flagged domain into transaction monitoring, onboarding checks and AML typologies for crypto-adjacent flows.

Relevant to AML, sanctions-adjacent screening and payments licensing risk in Hong Kong.

HKMA unlicensed SVF warnings are actionable inputs for transaction monitoring and customer due diligence.

“HKMA alerts the public that Trust Wallet as referred to on the website does not have a licence under the Payment Systems and Stored Value Facilities Ordinance to issue or facilitate the issue of a stored value facility in Hong Kong.”