Aspects of APAC

Aspects of APAC, June – August 2013

/Leave a comment
This article is presented as an example of effective anti-money laundering efforts in detection and investigation when there is cooperation between private and government sectors as well as a strong collaborative effort between various governments and internal departments. Mr. Chia-Jui (Mike) Lan, whose investigative work...
Aspects of APAC, September – November 2012

/Leave a comment
Industry organizations  in each country submitted  comment letters toward the proposed regulations on  U.S. Foreign Account  Tax  Compliance Act  (FATCA), which was released on February 8, 2012. The comments seem to indicate that financial institutions are hesitant to commence their action for FATCA given the...
Aspects of APAC, December 2011 – February 2012

/Leave a comment
Being a Financial Action Task Force (FATF) member, Hong Kong is obliged to implement anti-money laundering (AML) requirements promulgated by the FATF, including the 40+9 recommendations. FATF completed a mutual evaluation on Hong Kong's AML regime in 2008, and noted several major deficiencies: Though...