FSR and Corporate Crime Notes

Bet365 fails to placate anti-money laundering regulator – Does AUSTRAC’s post-audit enforcement signal a tougher approach by its new CEO?

April 2021: The month ahead in financial services regulatory developments…

A step towards increased AML/CTF enforcement? Hong Kong SFC consults on enhancements to AML/CTF guidelines

MAS sets out supervisory expectations where AML/CFT control functions are outsourced

MONEY LAUNDERING AND TERRORIST FINANCING RISKS FACING HONG KONG’S FINANCIAL INSTITUTIONS AND PAYMENT SYSTEMS

The Hong Kong government has published a report detailing the money laundering (ML) and terrorist financing (TF) risk assessment of Hong Kong. This …

GROUP-WIDE AML/CTF COMPLIANCE: NEW OBLIGATIONS FOR FIRMS WITH OVERSEAS BRANCHES AND SUBSIDIARIES?

In December 2017, the European Supervisory Authorities published a Report on draft Joint Regulatory Technical Standards ("RTS") on the measures that …

Corporate Crime update – December 2017

  Welcome to the December 2017 edition of our corporate crime update - our round up of developments in relation to corruption, money …

Corporate Crime monthly update - October 2017

Welcome to the October 2017 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, …

UK GOVERNMENT INTRODUCES NEW SANCTIONS AND ANTI-MONEY LAUNDERING BILL

On 19 October the UK Government published the text of a proposed new Sanctions and Anti-Money Laundering Bill (the "Bill"), which seeks to create a …

Corporate Crime Monthly Update – August 2017

Welcome to the August 2017 edition of our corporate crime update - our round up of developments in relation to corruption, money laundering, fraud, …

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 …

Hong Kong SFC urges intermediaries to review compliance with AML/CFT requirements following identification of deficiencies

On 26 January 2017, the Securities and Futures Commission (SFC) issued a circular (with Appendix 1, Appendix 2 and Appendix 3) highlighting its concerns …