Welcome to Herbert Smith Freehills' monthly private wealth
industry updates in Asia.
Every month we survey ten Asian jurisdictions for legal
developments concerning trust and estate planning which are of
interest to the private wealth industry, and provide a succinct
summary in a table format. The jurisdictions covered in the update
are Hong Kong, Singapore, China, Taiwan, Japan, India, Malaysia,
Indonesia, Thailand and the Philippines. We hope that these updates
will prove to be a useful resource to keep private clients,
business people, and lawyers abreast of legal updates in the
region.
Hong Kong
FATF statements and other sanctions updates
The SFC has published a circular to licensed corporations (LCs),
licensed virtual asset service providers (VASPs) and associated
entities (ACs) regarding recent updates from the Financial Action
Task Force (FATF):
