What are the key Anti-Money Laund ering and Counter-Terrorist Financing requirements?

The AML / CTF Regulations impose on legal professionals statutory Client D ue D iligence (CD D ) and Record Keeping obligations. Legal practitioners are required to:  verify the id entity of new clien ...

What are the key regulations?

There are 4 main pieces of legislation in Hong Kong relevant to legal practitioners that concern money laund ering and terrorist financing, namely: Anti-Money Laund ering and Counter-Terrorist Fina ...

Which legal services are subject to AML / CTF Regulations?

The AML / CTF regulations apply to legal professionals provid ing legal, notarial, trust or company secretarial services on behalf of clients (includ ing planning, executing or assisting) in financial o ...

What are the Record Keeping requirements?

Record s of a transaction which is subject to a Suspicious Transaction Report and investigation should be kept until the relevant authority has confirmed that the case has been closed . Legal practition ...

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