News and Articles
Guide for HK DPMS: Registration Process, How to Do AML and Useful AML Tools (With Tips on Waiver of Registration Fee)
The Hong Kong Legislative Council passed the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 on 7 December 2022, to introduce a registration regime for Dealers in Precious Metals and Stones (“DPMS”), so as to impose statutory anti-money laundering and...
Read MoreThe Art Market and Money Laundering
Visiting art fairs has become more common nowadays. Imagine you are visiting Art Basel or Sotheby’s. Standing in front of an artwork with a powerful stroke on it, and there’s a little red sticker beside the artist’s statement saying “SOLD”....
Read MoreHong Kong Registration Regime for Dealers in Precious Metals and Stones (DPMS)
updated on 13/02/2023 On 7 December 2022, Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 in Hong Kong has been passed by the Legislative Council, to introduce a registration regime for Dealers in Precious Metals and Stones (DPMS), so as...
Read MoreVirtual Asset Services Providers (VASP) Licensing Regime in Hong Kong
updated on 13/12/2022 On 7 December 2022, the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 in Hong Kong has been passed by the Legislative Council, to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulatory regime of Hong Kong and...
Read MoreCrypto Regulation is coming? How Virtual Asset Service Providers (VASP) Prepare for the Licensing and Anti-Money Laundering (AML/CFT) Compliance?
Decentralized finance (DeFi) and Cryptocurrency are the most rapidly growing trends in today’s financial world. The overall market capitalization of cryptocurrencies surges from 758 billion in 2020 to all-time high of $3 trillion in November 2021. In the light of...
Read MoreRussia Sanctions – What You Should Know as a Professional Firm
On 24 Feb 2022, after months of political and military posturing, the world woke up to the fury of the guns. Russia had invaded Ukraine under the pretext of “Special Military Operation”. To many, this seems like a Cold-War era...
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