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Combating trade-based money laundering – Hong Kong banks bolster their artillery

The Hong Kong Association of Banks has just issued its much anticipated Guidance Paper on Combating Trade-based Money Laundering (Guidance …

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UK Modern Slavery Act – seven things businesses in Asia need to know

The UK Modern Slavery Act (“MSA”) is now in force.  Given its broad territorial reach, the MSA is likely to affect …

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SFC suspensions put new communication technologies under the spotlight

Two recent disciplinary actions taken by Hong Kong’s Securities and Futures Commission (“SFC”) emphasise the importance of effective employee monitoring …

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Favourable investment research report = not-so-favourable results

Favourable research report ends in prison and ban from the financial services industry for ex-research head. On 25 February 2015 …

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New Hong Kong stored value facilities regime – the countdown begins to the next wave of fintech regulation

The long-awaited regime for virtual stored value facilities now has a deadline.   The new regime will significantly enhance Hong Kong’s …

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FIFA scandal – lessons for Hong Kong financial institutions

The 2015 FIFA scandal and associated arrests and downfall of key FIFA officials, are not only sporting issues. They highlight …

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Getting to know your customer: new anti-money laundering know your customer and customer due diligence rules

Amendments to the Anti-Money Laundering and Counter-Terrorism Financing Rules Instrument 2007 (No. 1) (AML Rules) imposing new know your customer …

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Success at any cost? Corporate dividends and the proceeds of crime

This article was co-written by Ian Hargreaves (Head of Investigations, Fraud and Compliance) and Daniel Burbeary (managing associate). The article …

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