Through the magnifying glass

Author: | Published: 29 May 2018

Jurisdictions across Asia are stepping up on anti-money laundering (AML) efforts through stricter regulations and increased enforcement.

Hong Kong has been ramping up oversight in recent months as it readies for the Financial Action Task Force's assessment which is set to take place later in the year. One of the most important recent changes to Hong Kong's AML regime is the introduction of a requirement for local companies to create and maintain registers of persons who have significant control. The change introduces a heightened degree of transparency around ownership...