Deacons Fintech Legal Guide : Anti-money laundering

Deacons has collaborated with Rajah & Tann to present the Fintech Legal Guide for Hong Kong and Singapore. In this Guide, our Corporate Finance Senior Associate Chris Wong has shared his insights on anti-money laundering, the content of which has also been recorded in the video “Hong Kong FinTech Legal Guide – Anti-money laundering”.

In this video, Chris briefly highlights Hong Kong’s anti-money laundering and counter-terrorist financing measures under Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“AMLO”) and the specific guidelines on anti-money laundering issued by the relevant regulators of entities subject to the AMLO. Financial institutions such as banks, licensed corporations, and money service operators, and designated non-financial businesses and professions such as lawyers and accountants are subject to the requirements of the AMLO, namely the need to conduct customer due diligence and measures relating to record keeping. Fintech businesses may also find themselves subject to these requirements, and as such should seek advice on them where appropriate.

The Fintech Legal Guide for Hong Kong and Singapore can be viewed here: https://www.deacons.com/sector/fintech/

Learn more about our Financial Services practice here: https://www.deacons.com/legal-service/investment-funds/