{ "jurisdiction_id": "US-HI", "jurisdiction": "United States – Hawaii", "url": "https://payments.gi/jurisdictions/united-states-hawaii/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-11", "schema_version": "world-payments-v1", "counts": { "modules": 14, "sourced_findings": 74, "source_register": 147 }, "modules": [ { "code": "W1a", "name": "Licensing, Authorisation & Market Access", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w1a-licensing-authorisation-market-access", "standing_position": "Hawaii's Money Transmitters Modernization Act (HRS Ch.489D) is administered by DCCA/DFI. Since 1 July 2024, standalone digital-asset activity has not required a Hawaii MT licence (regulator-interpretation-based, less durable than statutory exemptions elsewhere). SB 2757 SD1 (2026) would reverse this via a new Digital Asset Charter regime; it advanced out of Senate CPN/LBT as amended (SD1), referred to WAM/JDC; final 2026-session enactment status unconfirmed.", "findings": [ { "finding": null, "instrument_type": "money transmitter license (state statute)", "source": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_url": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "regulatory authority", "source": "https://cca.hawaii.gov/dfi/", "source_url": "https://www.gtlaw.com/en/insights/2024/2/hawaiis-money-transmitters-modernization-act-will-no-longer-apply-to-cryptocurrency-activities", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "license fee schedule (statute)", "source": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_url": "https://www.gtlaw.com/en/insights/2024/2/hawaiis-money-transmitters-modernization-act-will-no-longer-apply-to-cryptocurrency-activities", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "amendment to licensing regime", "source": "https://cca.hawaii.gov/dfi/new-law-money-transmitters/", "source_url": "https://www.gtlaw.com/en/insights/2024/2/hawaiis-money-transmitters-modernization-act-will-no-longer-apply-to-cryptocurrency-activities", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "licensing process (secondary summary)", "source": "https://cornerstonelicensing.com/money-transmitter-laws/hawaii-money-transmitter-regulations/", "source_url": "https://www.gtlaw.com/en/insights/2024/2/hawaiis-money-transmitters-modernization-act-will-no-longer-apply-to-cryptocurrency-activities", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "digital-currency licensing carve-out (regulator guidance)", "source": "https://ankura.com/insights/navigating-the-new-digital-currency-guidelines-in-hawaii-opportunities-for-fintech-innovation", "source_url": "https://www.gtlaw.com/en/insights/2024/2/hawaiis-money-transmitters-modernization-act-will-no-longer-apply-to-cryptocurrency-activities", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "enforcement action", "source": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_url": "https://www.gtlaw.com/en/insights/2024/2/hawaiis-money-transmitters-modernization-act-will-no-longer-apply-to-cryptocurrency-activities", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W1b", "name": "Conduct, Safeguarding & Financial Promotions", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w1b-conduct-safeguarding-financial-promotions", "standing_position": "Safeguarding of transmitted funds rests on HRS 489D's permissible-investments/statutory-trust and bonding requirements, with authorized-delegate contract discipline and a full formal-enforcement toolkit (cease-and-desist, consent orders, civil/criminal penalties). Broader conduct obligations for payments providers are layered on top by Hawaii's general Unfair or Deceptive Acts or Practices statute (HRS 480-2), enforced by the AG and Office of Consumer Protection.", "findings": [ { "finding": null, "instrument_type": "safeguarding mechanism (permissible investments/statutory trust)", "source": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_url": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "authorized delegate contract regime", "source": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_url": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "enforcement/prohibited practices", "source": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_url": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "conduct guidance (agent-of-payee exclusion)", "source": "https://cca.hawaii.gov/dfi/mt-faq/", "source_url": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "unfair/deceptive practices overlay (statute)", "source": "https://www.capitol.hawaii.gov/hrscurrent/vol11_ch0476-0490/hrs0480/hrs_0480-0002.htm", "source_url": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "enforcement action", "source": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_url": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_tier": "2", "retrieved_at": "2026-07-05" } ] }, { "code": "W2", "name": "Stablecoins & Digital Money", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w2-stablecoins-digital-money", "standing_position": "Hawaii has no bespoke stablecoin-issuance or reserve/redemption statute. Instead, following a four-year regulatory sandbox (the Digital Currency Innovation Lab, DCIL), DFI determined digital-currency activity does not fit the HRS 489D money-transmission definition; effective July 1, 2024, digital-currency companies no longer need a Hawaii money transmitter license and operate as unregulated businesses subject only to applicable federal requirements (FinCEN, SEC, FINRA).", "findings": [ { "finding": null, "instrument_type": "regulatory sandbox conclusion (state release)", "source": "https://governor.hawaii.gov/newsroom/dcca-release-hawaii-digital-currency-innovation-lab-to-conclude/", "source_url": "https://governor.hawaii.gov/newsroom/dcca-release-hawaii-digital-currency-innovation-lab-to-conclude/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "regulatory sandbox extension (state entity release)", "source": "https://www.htdc.org/state-of-hawaiis-digital-currency-innovation-lab-extended-to-june-30-2024/", "source_url": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "digital-currency deregulation analysis", "source": "https://www.gtlaw.com/en/insights/2024/2/hawaiis-money-transmitters-modernization-act-will-no-longer-apply-to-cryptocurrency-activities", "source_url": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "digital-currency guidance", "source": "https://ankura.com/insights/navigating-the-new-digital-currency-guidelines-in-hawaii-opportunities-for-fintech-innovation", "source_url": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "consumer advisory", "source": "https://cca.hawaii.gov/dfi/news-releases/digital-currency-innovation-lab-concludes/", "source_url": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "absent stablecoin-specific instrument (statute review)", "source": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_url": "https://files.hawaii.gov/dcca/dfi/Laws_html/HRS0489D/HRS_0489D-.htm", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W3", "name": "Operational Resilience & Critical Infrastructure", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w3-operational-resilience-critical-infrastructure", "standing_position": "Hawaii lacks a DORA-style ICT/critical-third-party resilience regime. Operational resilience for licensed financial institutions runs through DFI's examination/enforcement rules (HAR Chapters 26-27) and the state's general security-breach notification law (HRS Chapter 487N), under which federally-compliant financial institutions are deemed compliant.", "findings": [ { "finding": null, "instrument_type": "breach notification statute (secondary chart)", "source": "https://www.perkinscoie.com/en/news-insights/security-breach-notification-chart-hawaii.html", "source_url": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "breach notification enforcement (secondary chart)", "source": "https://www.mintz.com/mintz-matrix/hawaii", "source_url": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "breach notification timing", "source": "https://www.insureon.com/small-business-insurance/cyber-liability/data-breach-laws/hawaii", "source_url": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "supervisory examination/enforcement rules", "source": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_url": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "absent dedicated ICT-resilience regime", "source": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_url": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W4", "name": "Scheme & Network Compliance", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w4-scheme-network-compliance", "standing_position": "Hawaii has no state-level interchange-fee cap or surcharge-limit statute; two attempts to ban credit-card surcharging (2013-2014) failed to pass. Card-scheme (Visa/Mastercard) rules govern surcharge caps and disclosure by default, while merchant discount fee income earned by chapter-241-taxable financial institutions is exempt from the state general excise tax as a core-banking function.", "findings": [ { "finding": null, "instrument_type": "failed surcharge-ban legislation (legislative record)", "source": "https://www.capitol.hawaii.gov/sessions/session2013/bills/SB470_HD2_.htm", "source_url": "https://www.capitol.hawaii.gov/sessions/session2013/bills/SB470_HD2_.htm", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "surcharge legality (secondary summary)", "source": "https://merchantcostconsulting.com/lower-credit-card-processing-fees/credit-card-surcharge-laws-by-state/", "source_url": "https://www.capitol.hawaii.gov/sessions/session2013/bills/SB470_HD2_.htm", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "scheme-rule reliance (secondary summary)", "source": "https://ebizcharge.com/blog/credit-card-surcharging-a-state-by-state-legal-analysis/", "source_url": "https://www.capitol.hawaii.gov/sessions/session2013/bills/SB470_HD2_.htm", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "merchant discount fee tax treatment (Tax Information Release)", "source": "https://files.hawaii.gov/tax/legal/tir/1990_09/tir06-03.pdf", "source_url": "https://www.capitol.hawaii.gov/sessions/session2013/bills/SB470_HD2_.htm", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "scheme litigation ripple effect", "source": "https://www.hawaiinewsnow.com/story/19030613/swiping-your-credit-card-may-soon-be-more-costly/", "source_url": "https://www.capitol.hawaii.gov/sessions/session2013/bills/SB470_HD2_.htm", "source_tier": "4", "retrieved_at": "2026-07-05" } ] }, { "code": "W5", "name": "Payment Corridor Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w5-payment-corridor-dynamics", "standing_position": "Hawaii's principal payment corridors run outbound to the Philippines (reflecting the state's large Filipino community) and across the Central/Western Pacific (Guam, Micronesia, historically the Marshall Islands, American Samoa) via Hawaii-headquartered banks. Pacific corridor costs remain among the highest globally, and cross-border settlement access for these corridors is increasingly constrained by correspondent-banking de-risking.", "findings": [ { "finding": null, "instrument_type": "remittance corridor (licensed MTO)", "source": "https://www.bayanipay.com/send-money", "source_url": "https://www.bayanipay.com/send-money", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "corridor cost analysis", "source": "https://www.lowyinstitute.org/publications/reducing-remittance-costs-pacific-islands", "source_url": "https://remittanceprices.worldbank.org/corridor/United-States/Philippines", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "corridor infrastructure (10-K filing)", "source": "https://bankofhawaiicorporation.gcs-web.com/static-files/1e443a2c-316f-4aa3-920d-ac091d394777", "source_url": "https://remittanceprices.worldbank.org/corridor/United-States/Philippines", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "corridor settlement-access initiative (US Treasury)", "source": "https://home.treasury.gov/news/press-releases/jy2463", "source_url": "https://remittanceprices.worldbank.org/corridor/United-States/Philippines", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "corridor pricing benchmark", "source": "https://remittanceprices.worldbank.org/corridor/United-States/Philippines", "source_url": "https://remittanceprices.worldbank.org/corridor/United-States/Philippines", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W6", "name": "Industry Structure & Commercial Dynamics", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w6-industry-structure-commercial-dynamics", "standing_position": "Hawaii's banking market is led by First Hawaiian Bank, Bank of Hawaii, and Central Pacific Financial Corp, with the thrift tier reshaped by Hope Bancorp's 2025 acquisition of Territorial Bancorp. Hawaii's credit-union sector (Hawaii State FCU, HawaiiUSA FCU, Hawaii Federal Credit Union and others) is following the national trend of fintech-partnership-driven digital/payments modernization rather than in-house build.", "findings": [ { "finding": null, "instrument_type": "market structure (SEC filing)", "source": "https://www.sec.gov/Archives/edgar/data/0000701347/000070134725000011/cpf_irdeckmarch2025xfina.htm", "source_url": "https://www.bankingdive.com/news/hope-bancorp-completes-merger-with-hawaii-bank-territorial/744377/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "market structure (10-K filing)", "source": "https://bankofhawaiicorporation.gcs-web.com/static-files/1e443a2c-316f-4aa3-920d-ac091d394777", "source_url": "https://www.q2.com/company/news/pr/first-hawaiian-bank-selects-q2-to-transform-its-commercial-lending-business", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "market-structure shift (M&A)", "source": "https://www.bankingdive.com/news/hope-bancorp-completes-merger-with-hawaii-bank-territorial/744377/", "source_url": "https://www.q2.com/company/news/pr/first-hawaiian-bank-selects-q2-to-transform-its-commercial-lending-business", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "market structure/technology stack", "source": "https://www.q2.com/company/news/pr/first-hawaiian-bank-selects-q2-to-transform-its-commercial-lending-business", "source_url": "https://www.q2.com/company/news/pr/first-hawaiian-bank-selects-q2-to-transform-its-commercial-lending-business", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "industry trend (private-company signal)", "source": "https://www.pymnts.com/credit-unions/2026/credit-unions-take-stakes-in-fintechs-to-control-the-roadmap/", "source_url": "https://www.q2.com/company/news/pr/first-hawaiian-bank-selects-q2-to-transform-its-commercial-lending-business", "source_tier": "3", "retrieved_at": "2026-07-05" } ] }, { "code": "W7", "name": "Legal & Litigation", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w7-legal-litigation", "standing_position": "Hawaii payments litigation activity centers on DFI's formal enforcement toolkit (cease-and-desist, consent orders, civil/criminal penalties under HRS 489D) and on the general HRS 480 Unfair or Deceptive Acts or Practices statute, which has generated Ninth Circuit case law on credit-card-provider and class-action UDAP claims.", "findings": [ { "finding": null, "instrument_type": "enforcement action", "source": "https://www.staradvertiser.com/2024/03/17/breaking-news/dfi-orders-sigue-corp-to-stop-transmitting-money-in-hawaii/", "source_url": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "statutory enforcement toolkit", "source": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_url": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "UDAP case law (statute annotations)", "source": "https://law.justia.com/codes/hawaii/title-26/chapter-480/section-480-2/", "source_url": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "supervisory enforcement rules", "source": "https://files.hawaii.gov/dcca/dfi/har/chapter-27-har.pdf", "source_url": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "absent high-profile 2025-2026 payments litigation", "source": "https://files.hawaii.gov/dcca/dfi/har/chapter-27-har.pdf", "source_url": "https://files.hawaii.gov/dcca/dfi/hrs/chapter-489d-_0109_.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W8", "name": "Merchant Acquiring & Risk", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w8-merchant-acquiring-risk", "standing_position": "Hawaii has no bespoke merchant-acquiring license or high-risk-MCC statute; acquiring/merchant-services activity is governed by card-network rules, the general HRS 480 UDAP framework for merchant-consumer disputes, and a favorable general-excise-tax treatment of merchant-discount income earned by financial institutions.", "findings": [ { "finding": null, "instrument_type": "merchant discount fee tax treatment", "source": "https://files.hawaii.gov/tax/legal/tir/1990_09/tir06-03.pdf", "source_url": "https://files.hawaii.gov/tax/legal/tir/1990_09/tir06-03.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "acquiring/surcharge rule reliance (secondary summary)", "source": "https://ebizcharge.com/blog/credit-card-surcharging-a-state-by-state-legal-analysis/", "source_url": "https://files.hawaii.gov/tax/legal/tir/1990_09/tir06-03.pdf", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "merchant-consumer dispute overlay (statute)", "source": "https://www.capitol.hawaii.gov/hrscurrent/vol11_ch0476-0490/hrs0480/hrs_0480-0002.htm", "source_url": "https://files.hawaii.gov/tax/legal/tir/1990_09/tir06-03.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "market commentary", "source": "https://payatlas.com/regulator/dobi-hi-4676", "source_url": "https://files.hawaii.gov/tax/legal/tir/1990_09/tir06-03.pdf", "source_tier": "4", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "absent dedicated acquiring statute", "source": "https://cca.hawaii.gov/hawaii-revised-statutes/", "source_url": "https://files.hawaii.gov/tax/legal/tir/1990_09/tir06-03.pdf", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W9", "name": "Product Innovation & Market Development", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w9-product-innovation-market-development", "standing_position": "Hawaii's principal innovation vehicle was the DCIL fintech/digital-currency sandbox (2020-2024), since concluded, alongside HTDC's HI-CAP capital-access program for startups. Product innovation in payments is otherwise delivered through bank/credit-union fintech partnerships and accelerator relationships (e.g., Bank of Hawaii-Mana Up) rather than a dedicated open-banking or CBDC-pilot regime.", "findings": [ { "finding": null, "instrument_type": "regulatory sandbox", "source": "https://governor.hawaii.gov/newsroom/dcca-release-hawaii-digital-currency-innovation-lab-to-conclude/", "source_url": "https://www.htdc.org/funding/hi-cap/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "startup capital-access program (state entity)", "source": "https://www.htdc.org/funding/hi-cap/", "source_url": "https://www.htdc.org/funding/hi-cap/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "bank-ecosystem product partnership", "source": "https://www.boh.com/", "source_url": "https://www.htdc.org/funding/hi-cap/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "product delivery model (credit unions)", "source": "https://www.pymnts.com/partnerships/2025/credit-unions-monetize-member-data-through-fintech-ties/", "source_url": "https://www.htdc.org/funding/hi-cap/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "absent instant-payments/CBDC state overlay", "source": "https://cca.hawaii.gov/hawaii-administrative-rules/", "source_url": "https://www.htdc.org/funding/hi-cap/", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W10", "name": "Consumer Protection & APP Fraud", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w10-consumer-protection-app-fraud", "standing_position": "Consumer protection for Hawaii payments users runs through the general HRS Chapter 480 UDAP framework, enforced by the Office of Consumer Protection, with treble-damages and attorney-fee remedies available to injured consumers. There is no Hawaii-specific authorized-push-payment (APP) fraud mandatory-reimbursement scheme; elder and crypto-scam losses reported via IC3 have risen sharply.", "findings": [ { "finding": null, "instrument_type": "unfair/deceptive practices statute", "source": "https://www.capitol.hawaii.gov/hrscurrent/vol11_ch0476-0490/hrs0480/hrs_0480-0002.htm", "source_url": "https://cca.hawaii.gov/ocp/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "consumer protection authority", "source": "https://cca.hawaii.gov/ocp/", "source_url": "https://hawaiicentral.org/fbi-on-the-bottom-line/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "consumer remedies (secondary summary)", "source": "https://legalclarity.org/hawaii-consumer-protection-laws-overview-and-enforcement/", "source_url": "https://hawaiicentral.org/fbi-on-the-bottom-line/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "elder-fraud statistics", "source": "https://hawaiicentral.org/fbi-on-the-bottom-line/", "source_url": "https://hawaiicentral.org/fbi-on-the-bottom-line/", "source_tier": "3", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "crypto-scam consumer advisory", "source": "https://cca.hawaii.gov/dfi/news-releases/digital-currency-innovation-lab-concludes/", "source_url": "https://hawaiicentral.org/fbi-on-the-bottom-line/", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "absent APP-fraud reimbursement scheme", "source": "https://cca.hawaii.gov/ocp/", "source_url": "https://hawaiicentral.org/fbi-on-the-bottom-line/", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W11", "name": "AML/CFT & Financial Crime", "confidence": "High", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w11-aml-cft-financial-crime", "standing_position": "Sentinel-fed payments-context position only: Hawaii's money-transmitter licensing regime is directly wired into the federal BSA/AML reporting perimeter via HRS 489D-16, with DFI examinations (489D-17) serving as the supervisory backbone; unregulated digital-currency activity remains expected to meet federal FinCEN/BSA obligations despite falling outside the state licensing perimeter.", "findings": [ { "finding": null, "instrument_type": "AML supervisory examination authority", "source": "sentinel.hi-489d17-examinations", "source_url": null, "source_tier": "1", "retrieved_at": null }, { "finding": "Hawaii operates under the federal BSA/AML framework (FinCEN, OFAC) plus state money-transmitter licensing via the DCCA Division of Financial Institutions. Real-estate laundering exposure is addressed through FinCEN's Honolulu/Maui/Hawaii/Kauai county Geographic Targeting Orders; the broader federal Residential Real Estate Rule was vacated by a federal court in March 2026, leaving GTOs as the primary transparency tool pending appeal.", "instrument_type": "assessment", "source": "FIM (sentinel.gi) per-JID baseline profile — United States — Hawaii", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: sourcing-thinness", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-003)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Gap: enforcement-absence", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-002)", "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": "Sanctions: OFAC listing", "instrument_type": "sanctions_change", "source": "FIM (sentinel.gi) sanctions_change_register (issue FIM-BASE-SANC-003)", "source_url": null, "source_tier": "2", "retrieved_at": null }, { "finding": "Enforcement: OFAC (U.S. Department of the Treasury) — Six individuals and two entities (Amnokgang Technology Development Company, Quangvietdnbg)", "instrument_type": "enforcement_action", "source": "FIM (sentinel.gi) enforcement_action_register (issue FIM-BASE-ENF-004)", "source_url": null, "source_tier": "2", "retrieved_at": null }, { "finding": "Gap: legal-gap", "instrument_type": "gap", "source": "FIM (sentinel.gi) gaps_register_cumulative (issue FIM-BASE-GAP-001)", "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "W12", "name": "Correspondent Banking, Settlement & Access", "confidence": "Confirmed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w12-correspondent-banking-settlement-access", "standing_position": "Hawaii-headquartered banks (principally Bank of Hawaii) function as key U.S. correspondent nodes for the Central/Western Pacific, a role now under strain from region-wide correspondent-banking de-risking that the U.S., Australia, the Pacific Islands Forum, and the World Bank are jointly working to counteract.", "findings": [ { "finding": null, "instrument_type": "correspondent/settlement risk factors (10-K filing)", "source": "https://bankofhawaiicorporation.gcs-web.com/static-files/1e443a2c-316f-4aa3-920d-ac091d394777", "source_url": "https://bankofhawaiicorporation.gcs-web.com/static-files/1e443a2c-316f-4aa3-920d-ac091d394777", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "correspondent network history", "source": "https://en.wikipedia.org/wiki/Bank_of_Hawaii", "source_url": "https://home.treasury.gov/news/press-releases/jy2463", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "correspondent-banking policy initiative (US Treasury)", "source": "https://home.treasury.gov/news/press-releases/jy2463", "source_url": "https://home.treasury.gov/news/press-releases/jy2463", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "correspondent-banking remediation project", "source": "https://www.worldbank.org/en/news/feature/2025/09/02/safeguarding-financial-lifelines-in-the-pacific", "source_url": "https://home.treasury.gov/news/press-releases/jy2463", "source_tier": "1", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "live settlement/correspondent access infrastructure", "source": "https://www.boh.com/", "source_url": "https://home.treasury.gov/news/press-releases/jy2463", "source_tier": "1", "retrieved_at": "2026-07-05" } ] }, { "code": "W13", "name": "Commercial Intelligence & Fintech", "confidence": "Assessed", "moved_this_cycle": false, "url": "https://payments.gi/jurisdictions/united-states-hawaii/#w13-commercial-intelligence-fintech", "standing_position": "The dominant Hawaii-relevant commercial event in the trailing 12 months is the announced acquisition by Bank of Hope (parent of Hawaii's Territorial Savings unit) of SMBC's Americas commercial banking business, expected to close in H2 2026. Hope Bancorp's earlier ~$78.6 million acquisition of Territorial Bancorp itself closed April 2, 2025, just outside this baseline's trailing-12-month collection window, and is carried instead under W6.", "findings": [ { "finding": null, "instrument_type": "commercial_event: parent-group M&A", "source": "https://www.bankingdive.com/news/bank-of-hope-buying-smbc-commercial-unit/816356/", "source_url": "https://www.bankingdive.com/news/bank-of-hope-buying-smbc-commercial-unit/816356/", "source_tier": "2", "retrieved_at": "2026-07-05" }, { "finding": null, "instrument_type": "absent-in-window prior M&A (context)", "source": "https://www.bankingdive.com/news/hope-bancorp-completes-merger-with-hawaii-bank-territorial/744377/", "source_url": "https://www.bankingdive.com/news/bank-of-hope-buying-smbc-commercial-unit/816356/", "source_tier": "2", "retrieved_at": "2026-07-05" } ] } ] }