On 11 July 2016, the Hong Kong Court of Final Appeal (CFA) in HKSAR v. Yeung Ka Shing Carson, FACC Nos. 5 and 6 of 2015, dismissed Mr. Yeung's appeal against his conviction of five counts of "dealing with property known or believed to represent the proceeds of an indictable offence", or simply "money laundering", contrary to Section 25(1) of the Organized and Serious Crime Ordinance (OSCO).

The Commission decided to issue an additional letter of formal notice in respect of this new scheme.

In Interush Limited & Anor v The Commissioner of Police, the Commission of Custom & Excise and Mak Wing Yip Cyril, Superintendent of Police [2019] HKCA 70,

Remote working arrangements during the COVID-19 pandemic have left businesses increasingly exposed to business email compromise attacks.

On 27 March 2024, the Hong Kong Customs and Excise Department made its largest ever gold-smuggling bust — approximately 146kg with an estimated market value of HKD 84 million...

In the recent case of HKSAR v 徐美儀 [2025] HKDC 1597, the defendant was convicted on two counts of conspiracy to deal with property known or believed to represent the proceeds of an indictable offence.

<P><I>The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.</I></P>

On 15 September 2021, Hong Kong's Securities and Futures Commission (SFC) published its conclusions (the Consultation Conclusions) from last year's consultation (the Consultation) on its proposed amendments to the...

Every day, companies are being formed around the world for a variety of reasons. Incorporation produces a corporate entity which is separate from its owners, with its own legal rights and obligations.

Hong Kong has traditionally been a hub for digital asset businesses in the region. As regulators in Hong Kong are working to tighten the regulatory regime on virtual asset exchanges...

Traditionally, for Hong Kong based managers, the preferred hedge fund structure has tended to be an offshore company, typically domiciled in the Cayman Islands

The Hong Kong government is trying to support the growth of virtual asset and other Web3 industries. One of the first key steps they've taken is to put virtual asset trading platforms...

In the recent case of Tam Sze Leung & Ors v. Commissioner of Police [2021] HKCFI 3118, the Court of First Instance held that (1) the Commissioner of the Police acted ultra vires...

With only days left before the commencement of the new virtual asset service provider (VASP) licensing regime on 1 June 2023, the Hong Kong Securities and Futures Commission (SFC)...

Following an evaluation of Hong Kong in 2008, the Financial Action Task Force ("FATF")1 identified the following deficiencies in the Hong Kong anti-money laundering ("AML") and counter-terrorist financing ("CTF") regime

The government acknowledges that the VASP licensing regime will be more rigorous and comprehensive than those in Singapore, the UK and Japan.

On 14 March 2022, the Securities and Futures Commission of Hong Kong (SFC) published a circular to Licensed Corporations (LCs) and Associated Entities (AEs) on three recent publications...

VASPs will be required to conduct customer due diligence to meet global anti-money laundering standards.

In Tam Sze Leung and others v. Commissioner of Police [2023] HKCA 537, the Hong Kong Court of Appeal (CA) has overturned the lower court's decision that found the ‘No Consent' procedure...

Welcome to issue 2 [2017] of Weekly Alert covering technical development in taxation around the globe.