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Economic warfare – making sense of the latest sanctions against Iran

The United States (“US”) has continued to strengthen its sanctions against Iran. This post provides a synopsis of the latest developments, including the ongoing push to keep channels open for humanitarian goods and services. Overview The US has imposed sanctions against Iran for a number of years under various statutes and regulations (collectively, the “Iran Sanctions Regime”). The Iran Sanctions …

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New AML/CTF rules for money lenders in Hong Kong

Hong Kong continues to keep up the pace on anti-money laundering and counter-terrorist financing (“AML/CTF”) reforms in 2018. The Companies …

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Latest SFC inspection findings on AML/CTF systems and controls: a warning shot to the industry

The Securities and Futures Commission (“SFC”) issued a robust circular on 31 August 2018 in relation to the adequacy of …

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Putting a stop to slavery: Hong Kong reforms on the horizon?

This post was written by Urszula McCormack and Nikita Ajwani With an estimated 40.3 million slavery victims globally[1], and an …

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Sorry Not Sorry

“Sorry, not sorry” – what do you need to know about the apology legislation in Hong Kong?

On 13 July 2017, the Hong Kong Legislative Council (“LegCo”) passed the long-awaited Apology Bill. It came into effect on …

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Hong Kong customer due diligence requirements: address proof no longer required

Hong Kong’s financial institution regulators have announced a significant change to the customer due diligence (“CDD“) requirements for anti-money laundering …

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Big Data

Big data and international cooperation – potential impacts for insider dealing actions

Charges for insider dealing are ripe for news headlines – often involving covert arrangements between individuals and driven by greed …

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Bringing it all together: Wolfsberg issues fresh anti-bribery and corruption guidance

We have recently covered corruption and bribery across sport, business and politics. In a timely development, the Wolfsberg Group, an …

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Match Fixing

Hong Kong’s home-grown football scandal: ICAC brings charges for match-fixing

Another day, another football scandal but this time it’s close to home. On 28 June 2017, Hong Kong’s Independent Commission Against …

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Hong Kong-Zhuhai-Macao Bridge hit by corruption scandal

A construction contractor in Hong Kong has been suspended and its staff arrested for corruption in relation to the alleged …

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“Ivory laundering”: What you should know about developments in Hong Kong

The Hong Kong Legislative Council (“Legco”) is currently considering passing stricter regulation and penalties for illicit animal and plant trafficking, …

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