New Laws Address Due Diligence Over Company Ownership

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By: Boase Cohen & Collins.

Boase Cohen & Collins lawyers have been given a detailed briefing on two new pieces of legislation designed to further combat money laundering and enhance transparency surrounding corporate ownership.

The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Ordinance brings changes to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) and is part of the Hong Kong Government’s drive to ensure its legislation reflects international standards. Read more.

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