Hong Kong

Hong Kong is widely known as a financial and trade hub, and with great business opportunities comes an extensive multi-leveled compliance and AML/CTF regulatory background. The supervisory institutions system is ramified in Hong Kong, and it can be a challenge for a starting business, or one entering the Hong Kong market, to navigate to their goals in this environment. Having solid knowledge background and experience in this market, we are ready to come to our clients’ aid in communicating with the licensing and regulatory authorities, obtaining registrations and licenses. Naturally, the spectrum of services we provide does not limit to this. For additional details and more available services please refer to the section Services of this website.

REGULATOR

• Registry of Trust and Corporate Service Providers (TCSPs) – for licensing and supervising trust offices and corporate service providers.
• Hong Kong Monetary Authority (HKMA) – in lieu of central bank, supervisor of banks, payment service providers, e-money (stored value facilities) institutions and other financial businesses.

LEGISLATION

Basel III standards (being implemented), Anti-Money Laundering and Counter-Terrorist Financing Ordinance, Banking Ordinance, Payment Systems and Stored Value Facilities Ordinance (PSSVFO), Securities and Futures Ordinance.

FIU

Existing as Joint Financial Intelligence Unit (JFIU) which receives and investigates suspicious (unusual) transactions reports.