Tag Archives: Hong Kong

Corporate Crime Monthly Update – May 2017

Welcome to the May 2017 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.

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Filed under Bribery and Corruption, Corporate Crime, Investigations

Government proceeds with proposals to enhance Hong Kong regulations on anti-money laundering and counter-terrorist financing

In 2018, Hong Kong's regime will be subject to mutual evaluation with those of other members of the Financial Action Task Force (FATF). FATF sets international standards for anti-money laundering and counter-terrorist financing regulation and reviews the effectiveness of regulation … Continue reading

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Filed under Bribery and Corruption, Hong Kong, Uncategorized

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

Singapore: SGX reprimands oilfield services firm for failure to provide a balanced and fair announcement to the market

The Singapore Exchange (SGX) has issued a public reprimand to Swiber Holdings Limited (Swiber), an oilfield services firm, on 31 October 2016 (Regulatory Announcement) for failing to provide a balanced and fair project announcement to the market. SGX considered that … Continue reading

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Filed under Asia, Hong Kong

Court of Appeal upheld SFC’s appeal in Tiger Asia, confirming CFI’s power to make final orders based on own finding of alleged market misconduct

The Securities and Futures Commission (“SFC”) secured a victory in the Court of Appeal last week in its ongoing battle against the New York-based hedge fund Tiger Asia Management LLC and several of its officers. In its judgment last week, the … Continue reading

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Filed under Asia, JURISDICTIONS, Non-UK regulation

A changing landscape: regulatory developments in the distribution of retail investment products – UK, France, Spain, Germany, Italy, Netherlands, Switzerland, Russia, UAE and Hong Kong

Over the last 18 months, we have seen significant momentum in regulatory developments regarding the distribution of retail investment products, driven by calls at both national and European level to protect consumers better. This movement has been fuelled by the … Continue reading

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Filed under Europe, JURISDICTIONS, Middle East, Non-UK regulation, Regulatory Reform, Sector Updates by Herbert Smith Freehills, UK, UK Regulations