Hong Kong has long been a global hub for business and finance, attracting companies from all over the world to set up operations in the city.However, in recent years, some companies have reported that their corporate bank accounts in Hong Kong have b ...
Hong Kong Financial Intelligence Unit (HKFIU) is a government agency responsible for combating money laundering and terrorist financing activities in Hong Kong. It operates under the guidance of the Joint Financial Intelligence Unit (JFIU) and the Ho ...
Customer Due Diligence (CDD) is a crucial process that banks in Hong Kong are required to follow to ensure that their customers are not involved in any illegal or unethical activities such as money laundering, terrorism financing, and fraud.The Hong ...
Hong Kong is a leading financial center that is known for its strict confidentiality laws. One aspect of these laws is the absence of a publicly available register of beneficial owners. While some may view this as a hindrance to transparency, it can ...
