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Australia introduces “false accounting” offences

As part of its efforts to strengthen its anti-bribery and corruption enforcement framework and comply with international obligations, the Australian …

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Revving up FinTech: HKMA launches new regulatory sandbox

Introduction Financial technology (“FinTech”) has created a number of pressures in the market. Market participants push to be the next …

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When to suspect the proceeds of a crime: Hong Kong’s Court of Final Appeal clarifies the offence of money laundering

The Hong Kong Court of Final Appeal (CFA) has upheld the conviction of tycoon Carson Yeung for money laundering. In …

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China “nudes-for-loans” scandal gives new meaning to “predatory lending”

Low value, personal loans have often been the subject of regulatory enquiry.  Whether it be high interest rates, unclear disclosures …

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Bank shutdown – the new frontier of AML/CTF regulation

The Money Authority of Singapore’s recent announcement that it intends to withdraw BSI Bank Limited’s licence highlights the potentially severe …

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Is your business ready for the crackdown on transparency?

Last night, the International Consortium of Investigative Journalists (the ICIJ) made public a searchable database containing details of over 200,000 …

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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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