Tag Archives: AMLO

HONG KONG ENHANCES ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING REQUIREMENTS FOR NON-FINANCIAL INSTITUTIONS

From 1 March 2018, a number of Hong Kong businesses and professions will be subject to enhanced customer due diligence and record-keeping obligations in light of the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance. The amendment introduces changes … Continue reading

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Filed under Announcements, Bribery and Corruption, Hong Kong, Sanctions and Money Laundering

HONG KONG: NEW LICENSING REGIME FOR TRUST AND COMPANY SERVICE PROVIDERS TO COME INTO FORCE ON 1 MARCH 2018

The Companies Registry announced on 25 January 2018 that a new licensing regime for trust and company service providers (TCSPs) will come into force on 1 March 2018 under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (AMLO). A … Continue reading

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Filed under Bribery and Corruption, Hong Kong, Non-UK regulation, Sanctions and Money Laundering, Sector Updates by Herbert Smith Freehills