In July 2022, the Hong Kong government published its second money laundering (ML) and terrorist financing (TF) risk assessment report, based on an assessment completed in 2021, (the "Report").
On 14 March 2022, the Securities and Futures Commission of Hong Kong (SFC) published a circular to Licensed Corporations (LCs) and Associated Entities (AEs) on three recent publications...
On Wednesday 23 February, The Hong Kong Government announced the annual budget for 2022-2023 which included one-off tax cuts, various subsidies, and property concessions
Hong Kong lawyers Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021 in this bylined article.
Bryan Cave Leighton Paisner LLP
With the Hong Kong Development Bureau's (DevB) contractual security of payment regime coming into effect from 31 December 2021 (the SOP regime), ...
Following the cases of QT v Director of Immigration (2018) 21 HKCFAR 324 (see our Quarterly Review here) and Leung Chun Kwong v Secretary for the Civil Service (2019)...
On 15 September 2021, Hong Kong's Securities and Futures Commission (SFC) published its conclusions (the Consultation Conclusions) from last year's consultation (the Consultation) on its proposed amendments to the...
Under this regulatory framework, money service operators must have a license to operate a money service.in Hong Kong.
VASPs will be required to conduct customer due diligence to meet global anti-money laundering standards.
Bryan Cave Leighton Paisner LLP
In 2021, Hong Kong looks set to join Singapore, Australia and other jurisdictions in implementing a Security of Payment regime
In this article, Nick Harrold shares some insight into how Maples Group is assisting investment managers in Asia to stay abreast of continued rising regulations that may impact their Cayman Islands Investment Funds.
In a recent decision handed down on 6 January 2021Wong Wing Wah v. Collector of Stamp Duty  HKCFI 11,  HKEC 14, Hong Kong's Court of First Instance ruled that the Government's...
The Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region ("the NSL") formally takes effect from today.
This blog's Christmas message reflected on what has happened to Hong Kong over the last couple of years. That subject dovetails well with my most recent blog post, The China Thrill Is Gone.
The period from 2019-2020 saw a continued decrease in the number of SFC enforcement actions focused on SFC licensed corporations but a marginal but possibly significant increase in the number of SFC enforcement actions ...
On October 14, 2020, the US State Department released its report required under Section 5(a) of the Hong Kong Autonomy Act ("HKAA"). As detailed in our prior Legal Update,...
Japan's Prime Minister Yoshihide Suga announced plans to broaden entry of foreign travelers into the country
Litigation & Dispute Resolution partner Thomas So, senior associate Liang Pu and registered foreign lawyer Evan Zhou share their insights on Hong Kong's National Security Law.
Mayer Brown represented applicants in obtaining orders for the compulsory sale of (1) the State Theatre Building in Orient Sea Investments Ltd & Others v Cheung Wing Ching & Others (LDCS 27000/2018...
Herbert Smith Freehills
Last month saw the conclusion of the latest round of UN negotiations concerning a proposed treaty on business and human rights.