Investigation and compliance

Hong Kong SFC confirms enforcement priorities and approach following strategic review

In its recently relaunched Enforcement Reporter newsletter (see first issue), the Securities and Futures Commission (SFC) has confirmed that corporate fraud and misfeasance, anti-money laundering, Growth Enterprise Market companies and multiple intra-group failings are issues high on its agenda and … Continue reading

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Filed under China, Corporate, Enforcement, Financial Services Regulation, Hong Kong, Investigation and compliance

Singapore: MAS withdraws second merchant bank status in AML push

In line with its increased commitment to combat money laundering and terrorist financing in Singapore, the Monetary Authority of Singapore (MAS) has ordered the closure of Falcon Private Bank Ltd, Singapore Branch (Falcon Bank). On 11 October 2016, the MAS … Continue reading

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Filed under Financial Services Regulation, Investigation and compliance, South East Asia

Property tycoon and former Chief Secretary to appeal to Court of Final Appeal in Hong Kong’s high profile corruption case

Former Chief Secretary, Rafael Hui, former Sun Hung Kai chairman, Thomas Kwok, and two others have today been given permission to appeal to Hong Kong's Court of Final Appeal.  The Court of Appeal granted permission for the further appeal in … Continue reading

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Filed under Hong Kong, Investigation and compliance

Property tycoon and former Chief Secretary lose appeal in Hong Kong’s highest-profile corruption case

Hong Kong property tycoon Thomas Kwok and ex-deputy leader Rafael Hui saw their appeals against conviction and sentence dismissed before the Hong Kong Court of Appeal. In a detailed judgment, the Court of Appeal unanimously rejected the appeals brought by … Continue reading

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Filed under Hong Kong, Investigation and compliance

Latest corruption perception scores in line with firm’s global anti-corruption report

International anti-corruption NGO, Transparency International, released on 27 January its latest Corruption Perceptions Index (CPI), reviewing public sector corruption risk in 168 countries. Our 2015 report highlights the same offending countries and points to similar issues, particularly systemic government corruption, … Continue reading

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Filed under Investigation and compliance

Herbert Smith Freehills Singapore hosts round table discussion on “preserving privilege: practical issues in the context of disputes and investigations”

On Wednesday 13 January 2016, a cross section of our clients based in Singapore joined our Disputes and Corporate Crime & Investigations teams and Bankim Thanki QC, a leading commercial advocate and litigator who has practised extensively in the region … Continue reading

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Filed under Hong Kong, Investigation and compliance, South East Asia

New guide to the Independent Insurance Authority in Hong Kong launched

Hong Kong is about to establish a unified insurance regulatory regime under the auspices of a new body, to be named the 'Insurance Authority'. The creation and set up of an independent insurance authority is regarded by the Hong Kong … Continue reading

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Filed under Financial Services Regulation, Hong Kong, Insurance, Investigation and compliance

Herbert Smith Freehills’ new global report reviews corruption trends and perceptions in close to 100 countries

Please click here to preview this publication. We have launched the first global edition of our Anti-corruption Report, reviewing a year in which corruption investigations have never been far from the headlines.

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Filed under Enforcement, Investigation and compliance

Hong Kong Court of Appeal finds TVB manager guilty of bribery in high profile case

On 26 October, the Court of Appeal handed down its long-awaited judgment regarding bribery charges against former TVB general manager and TV presenter, Stephen Chan and his assistant, Tseng Pei-kun. The men had twice been acquitted but now face jail … Continue reading

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Filed under Employment, Investigation and compliance

Hong Kong’s former Chief Executive, Donald Tsang, charged with misconduct in public office

Amidst dramatic court scenes, the former Chief Executive (CE) of Hong Kong, Donald Tsang Yam-kuen, was charged on Monday with two counts of misconduct in public office, contrary to common law. The charges relate to Tsang's interest in a three-storey … Continue reading

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Filed under Hong Kong, Investigation and compliance