IQ-EQ’s Post

In the first few months of 2024, the Securities and Futures Commission of Hong Kong (SFC) has continued to enhance its enforcement actions against individuals for market misconduct. This is in line with the SFC’s Strategic Priorities for 2024 to 2026, one of which is to further strengthen market resilience in Hong Kong as an international finance centre and mitigate the risk of serious harm to Hong Kong’s markets. Particularly, the SFC will leverage its surveillance capabilities to spot and crack down on market misconduct. Our Partner Alfred Leung and Of Counsel Tiffany Lee explain the key points on SFC’s recent enforcement trends, highlight their implications, and outline the key takeaways and considerations for licensed persons and individual investors. Read the full article here for more details: https://lnkd.in/gwjfscr8 #compliance #regulation #sfc #hongkong #enforcement

Get up to speed with the regulatory compliance developments and updates on the financial services industry from the Asia Pacific region. Our monthly newsletter summarises key regional updates on the financial services industry. This edition includes details of the MAS’ announcement on the establishment of the International Advisory Panel for Cyber and Technology Resilience in Singapore. Additionally, the HKMA and AMCM announced a direct linkage between Hong Kong’s Central Moneymarkets Unit and Macao’s central securities depository, enhancing financial cooperation and market access for investors within the Guangdong-Hong Kong-Macao Greater Bay Area. To read all regulatory updates and enforcement actions across the Asia Pacific region for September 2024, please click here: https://ow.ly/vpGY50TMhWQ Philippa Allen | Yishan Lee | Neil Synnott | YUBING WU | Catherine Law | Sukanya Lal | Sudip Baniya #iqeq #updates #development #apac #asia #regulatorycompliance #enforcements #insights #newsletter

Get up to speed with the regulatory compliance developments and updates on the financial services industry from the Asia Pacific region. Our monthly newsletter summarises key regional updates on the financial services industry. This edition includes details of the SFC’s circular identifying various deficiencies and substandard conduct among licensed corporations managing private funds and discretionary accounts (asset managers) in Hong Kong. On the other hand, ASIC issued an investor alert to warn investors to be on high alert following a significant increase in reports of stolen shares since August 2024 from people who have had their personal identity compromised in Australia. To read all regulatory updates and enforcement actions across the Asia Pacific region for October 2024, please click here: https://ow.ly/73pm50UaAAf Philippa Allen | Yishan Lee | Neil Synnott | YUBING WU | Catherine Law | Sukanya Lal | Sudip Baniya #iqeq #insights #development #apac #regulatorycompliance #enforcements #investorservices #newsletter

The ALB Pan Asian Regulatory and Anti-Corruption Compliance Summit 2024 in #Singapore is your chance to stay informed about how financial firms can actively reduce risk of money laundering, fraud, and other financial crimes. Join industry leaders, CCOs, and regulators to explore the latest developments and stay ahead of regulatory updates. 🗓️ 26 September, 2024 🗺️ Grand Copthorne Waterfront Hotel, Singapore Network with the experts. Learn to better navigate what lies ahead from AI innovation to risk mitigation. Help safeguard your firm's reputation. Learn more now. 👇 https://hubs.ly/Q02PDBSR0 #RegTech #Compliance #AntiCorruption #FinancialCrime Asian Legal Business

ComplianceOne Newsletter - Oct 2024 issue is out! https://lnkd.in/ggG88b_h The topics discussed in this monthly newsletter are as follows: Market News: (1) Dr Kelvin Wong appointed as new SFC Chairman (2) New Public Fund Depositaries Regime effective from 2 October 2024 (3) New Listing Application Process in Hong Kong is streamlined (4) SFC launches a new Fund Authorization Simple Track (“FASTrack”) to bolster Hong Kong market appeal (5) e-IP application/ submission system on WINGS to be fully adopted in November (6) SFC concludes consultation on Enhanced REIT and Market Conduct regimes (7) SFC sets out vision to foster Fintech ecosystem in Hong Kong Enforcement News: (8) Common Red-flags of suspicious transactions from using Customer Supplied System (CSS) observed in SFC investigations[1] (9) Tycoon Dickson Poon is alleged to be involved in Insider Dealing (10) SFC disqualifies former CFO of Fujian Nuoqi (11) SFC suspends former employee of Julius Baer for several regulatory breaches  (12) First jail sentence for Unlicensed Activity with compensation order #Compliance  #ComplianceOne  #HK  #SFC #RegulatoryUpdate

Had a productive two-part workshop organised by the Department for Promotion of Industry and Internal Trade on 'Dispute Resolution' & 'Market Competition' related to 'B-ready' -- an international benchmarking assessment by the #WorldBankGroup. We explored expectations towards efficient #disputeresolution & #ADR mechanisms through effective regulatory frameworks and good governance. Additionally, we examined regulations that deter anti-competitive firm behaviours, promote competitive market practices, and foster #innovation. #WorkshopInsights #ReimaginingGrowth

Compliance Compass: Global Regulatory Insight's Weekly Regulatory Roundup! Explore the latest regulatory changes and trends from around the G-20 nations in our newest edition, covering updates from 5 – 9 August 2024. What’s Inside: - Anti-Money Laundering: Brazil's Financial Intelligence Centre (FIC) releases guidance on compliance with beneficial ownership requirements, strengthening the fight against money laundering and terrorist financing. - Competition: Canada’s Competition Bureau seeks public input on enforcement approaches to competitor property controls, reflecting recent changes to the Competition Act. - Consumer Protection: Japan’s Consumer Affairs Agency invites public comments on amendments to food labeling regulations, aiming to enhance transparency and health standards. - Financial Services: The European Banking Authority (EBA) publishes final draft technical standards to amend the regulation on benchmarking for credit risk and market risk models. - Environment: The US EPA finalizes updates to the Safer Choice Standard, ensuring stricter requirements for products earning the Safer Choice label or DfE logo. - And more! Read the full Compliance Compass newsletter - https://lnkd.in/gvADpf6K Stay informed and compliant with Global Regulatory Insights! #RegulatoryUpdates #Compliance #GlobalInsights #GRI #LegalNews

Read my latest article covering key compliance updates from August 5 - 9, 2024, focused on the following regulatory areas for G-20 economies - - Anti-bribery and corruption - Anti-money laundering - Competition - Consumer protection - Cybersecurity - Data protection - Employment - Environment - Financial services - Intellectual property Read the full newsletter here - https://lnkd.in/gKcXfWxg Stay compliant, stay ahead with this GRI's weekly series published every Friday! #Compliance #Regulatoryupdates #GRI

One of my main goals for this year is to significantly grow my knowledge of Chinese language and culture. Over the weekend I finished watching the recording of the latest ACAMS Masterclass on Anti-Financial Crime Considerations when Doing Business in China, and I don't know if I've ever walked away from a webinar with so much new information! I knew nothing about China's regulatory landscape going into this class, but I came away with a foundational understanding not only of the regulatory framework, but also some of the (many) challenges and nuances of compliance requirements in China, particularly AML measures! The section covering China's accomplishments and challenges in regulating CDD and ID&V processes was so interesting, especially when covering how China approaches UBO reporting and identification. I also really enjoyed learning about how different cultural aspects influence business practices in China. I'll probably re-watch this webinar in a week or two to really solidify the information covered, because it was so valuable to my personal and professional goals this year and there was a lot I wanted to research deeper on my own time. So far, the quality of all of the ACAMS masterclasses I've watched has been excellent, and I've already pre-registered for a few more this year. I hope to see more China-specific material come out in the future, but in any case I highly recommend trying out one of their masterclasses if you have the chance! :) https://lnkd.in/gPjBxfTf

🌍 The OTSI Effect: How the UK is Raising the Bar on Trade Compliance 🌍 In today’s complex global trade environment, compliance is no longer just an option—it's a necessity. The UK’s new Office for Sanctions Implementation (OTSI) is stepping up its efforts to ensure businesses adhere to sanctions and trade compliance regulations. With more stringent controls and increased enforcement actions, companies are now facing higher risks for non-compliance. Whether you're dealing with financial services, global trade, or cross-border transactions, now is the time to assess your compliance framework. At Eastnets, we provide solutions to help businesses stay ahead of these regulatory changes, ensuring your operations remain safe, compliant, and efficient. 🔗 Stay informed and protect your business. Learn more about the OTSI impact on trade compliance here: https://hubs.ly/Q02RC---0 #TradeCompliance #RegulatoryCompliance #Sanctions#UKCompliance