PROTECTING YOUR BUSINESS
In our Anti-Money Laundering (“AML”) & Economic Sanctions practice, we advise financial institutions on compliance with Hong Kong anti-money laundering laws, including the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”), the Organized and Serious Crimes Ordinance (“OSCO”), the Drug Trafficking (Recovery of Proceeds) Ordinance (“DTRPO”) and the United Nations (Anti-Terrorism Measures) Ordinance (“UNATMO”) as well as on economic sanctions. We offer a steadfast guidance to financial institutions, ensuring compliance with Hong Kong's stringent laws.
Our AML and Economics Sanctions practice is part of our Financial Services Regulatory practice that has been consistently recognized and recommended by independent editorial publications, including the International Financial Law Review 1000 (ILFR1000), the Legal 500, Chambers and Partners and asialaw profiles.
Leveraging more than twenty years of experience serving clients in the financial sector, our firm has carved out a formidable standing as the preferred organisation for businesses in search of tailored and inventive legal guidance.
GETTING THE DEAL DONE
AML Contact Us
From helping clients understand and comply with regulatory guidance on AML, including the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations) issued by the Securities and Futures Commission (“SFC”), the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (GL3) issued by the Insurance Authority (“IA”) and the Supervisory Policy Manual (AML-1) on the Supervisory Approach on Anti-Money Laundering and Counter-Financing of Terrorism issued by the Hong Kong Monetary Authority (“HKMA”), we offer tailored strategies to comply with Anti-Money Laundering and Counter-Financing of Terrorism regulations, ensuring you and your company are always ahead.
We assist clients in establishing controls to comply with customer due diligence (“CDD”) requirements, know-your-client (KYC) and record keeping requirements under the AMLO. We advise on obligations to report suspicious transactions and on the scope of obligations to freeze client assets and to suspend client dealings.
MSO Contact Us
We advise clients on the application of money service operator (“MSO”) licensing requirements under AMLO, ensuring compliance whether for money changing or remittance services and representing clients to make MSO licensing applications to the Hong Kong Customs and Excise Department.
Sanctions Contact Us
& Import/Export Controls
We provide legal counsel on complex subjects such as the United Nations Sanctions Ordinance (“UNSO”), the application in Hong Kong of United Nations (“UN”) sanctions and U.S. sanctions under the office of Foreign Assets Control (“OFAC”), plus Hong Kong import and export controls under the Import and Export Ordinance (“IEO”). Our advice isn't just about compliance; it's about aligning your business with global standards and paving the way to achieve your goals in an interconnected world.
Our legal team has been recognised by:
“Rising Star Partner”
“Securities Expert of the Year”
AML & Conduct of Business Compliance Review for Global Private Bank
Hong Kong counsel to a global private bank with over US$70 billion of assets under management in respect of a major review and revision of anti-money laundering compliance policies and procedures as well as policies and procedures to comply with SFC conduct of business requirements.