Tag Archives: Asia

SFC and HKMA continue to prioritise AML/CFT compliance with six new disciplinary actions in Hong Kong

Since early March 2017, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) in Hong Kong have collectively taken disciplinary actions against five regulated entities and an individual relating to breaches of anti-money laundering (AML) and … Continue reading

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Filed under Asia, Hong Kong, Sanctions and Money Laundering

Collection of electronic data by Chinese criminal authorities set to increase

On 1 October, new binding provisions came into force in China governing the collection, extraction and review of electronic data in criminal investigations. The Provisions contain procedures for the retrieval of electronic data inside and outside China. Foreign companies operating … Continue reading

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Filed under Asia, China, Corporate Crime, Investigations, Non-UK regulation

Herbert Smith Freehills launches 2016 guide to Financial Services Regulation in Asia Pacific

         Herbert Smith Freehills LLP has launched its 2016 guide on Financial Services Regulation in Asia Pacific. Please click here to preview this publication. 

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Filed under Asia, China, Hong Kong, Indonesia, Philippines, Singapore, Thailand, Vietnam

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 Asia, Bribery and Corruption, Hong Kong

Property tycoon and former Chief Secretary jailed in Hong Kong’s highest-level corruption trial

Thomas Kwok, chairman of Sun Hung Kai Properties, Rafael Hui Si-yan, former Government number two, and two businessmen have been found guilty and sentenced to jail terms in Hong Kong’s HK$34 million (US$4.3 million) graft “trial of the century”. 

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Filed under Asia, Bribery and Corruption, Corporate Crime, Hong Kong

Hong Kong: SFC concludes consultation on code amendments for professional investors and launches further consultation regarding client agreement requirements

The Securities and Futures Commission (SFC) has concluded its consultation on proposals to enhance the professional investor regime in Hong Kong.

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Filed under Asia, Hong Kong

Corporate Crime Update – July 2014

Welcome to the July 2014 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters.  Our update now covers a number of jurisdictions.  For the full update on … Continue reading

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Filed under Americas, Asia, Australia, Bribery and Corruption, China, Corporate Crime, Dubai, EU, France, Hong Kong, India, Indonesia, Japan, Korea, Philippines, Russia, Singapore, Spain, Thailand, UAE, Ukraine, US, Vietnam

Hong Kong issues consultation paper on draft rules for mandatory reporting and related record-keeping in relation to OTC derivatives

The Hong Kong Monetary Authority and the Securities and Futures Commission have recently issued a joint consultation paper detailing their proposed requirements relating to the mandatory reporting and record keeping obligations for over-the-counter (OTC”) derivative transactions in Hong Kong. 

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Filed under Asia, Hong Kong

Corporate Crime Update – June 2014

Welcome to the June 2014 edition of our corporate crime update – our round up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on each … Continue reading

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Filed under Americas, Asia, Australia, Bribery and Corruption, China, Corporate Crime, Dubai, EU, Europe, Hong Kong, India, Indonesia, Japan, Middle East, Pakistan, Russia, Thailand, UAE, Ukraine, US, Vietnam

Corporate Crime Update – April 2014

Welcome to the April 2014 edition of our corporate crime update – our round-up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on … Continue reading

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Filed under Americas, Asia, Australia, Bank of England, Bribery and Corruption, China, Corporate Crime, Europe, Hong Kong, India, Indonesia, Japan, Middle East, Russia, Ukraine, US