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

The AML / CTF Regulations impose on legal professionals statutory Client Due Diligence ( CDD ) and Record Keeping obligations . Legal practitioners are required to verify the identity 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 laundering and terrorist financing , namely : Anti - Money Laundering and Counter - Terrorist Fina ...

What are the Record Keeping requirements ?

Records 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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