The Financial Secretary, the Honourable Paul MP Chan, delivered the 2018-19 budget speech of the Government in the Legislative Council on 28 February 2018. The Financial Secretary proposed relief [...]
The Companies (Amendment) Ordinance 2018 (“the Amendment Ordinance”) introduces new requirements on the keeping of Significant Controllers Registers by companies. The Amendment Ordinance will [...]
Similar to other financial centres, banks in Hong Kong do not have identical checklist of information required for account opening since individual banks formulate policies in accordance with [...]
Hong Kong has signed agreements with Portugal and South Africa for conducting automatic exchange of financial account information in tax matters (AEOI).
Following the record breaking USD1.9 billion fine from the U.S. for money-laundering, HSBC still on probation is increasing its compliance rules with immediate effect.
