(MENAFNEditorial) ComplianceAsia launches a specialist Anti-Money Laundering Compliance Services for Hong Kong's Companies
HONG KONG, CHINA - Media OutReach - April 13, 2018 - ComplianceAsia has partnered with
Suzanne Callister in forming AML Services Limited to specifically assist with
compliance with the new provisions of the Anti-Money Laundering(AML) Ordinance
that come into effect on 1 March 2018. With this new Ordinance, company
secretarial firms and incorporation agents, real estate agents, accountants and
law firms and other designated non-financial businesses and professions will
need to fully comply with the same provisions in relation to anti-money
laundering and countering terrorist financing that applies to financial
services firms in Hong Kong.
AML Services Limited provides
model policies and procedures, client take on documentation, sanction and other
client risk assessment and screening services all the way to a fully outsourced
client take-on arrangement and documentation storage. With our scale, the services are
exceptionally cost-effective while remaining fully compliant with the law.
ComplianceAsia has been advising
on financial services clients on these rules since the inception of the AML
Ordinance and is using that experience to roll out dedicated services to these
new sectors now impacted by the extension of this law. "We are pleased to roll out a group company
dedicated to ensuring full and cost-effective compliance with the new AML
regime. We have worked with these rules
for our broking and asset management clients for a long time and the extension
into other industry sectors is something we can apply that experience to" said
Alex Duperouzel, Managing Director of the new entity.
her whole career in the corporate, trust and fund industry worldwide, Suzanne
Callister understands the challenges faced by TCSP & real estate
professionals plus the need to allow a business to comply with regulations
whilst being cost-effective for stakeholders. "Escalating compliance personnel
costs, the need to provide a compliance framework with contributing independent
experts has driven us to design an efficient, flexible and secure
solution. AML Services will guide
companies when the Hong Kong regulations come into force and support their
future growth to allow them to be fully
compliant." said Suzanne Callister.
ComplianceAsia is the first independent
consulting firm in Asia that specialises in providing regulatory and compliance
consulting services with clients from financial institutions including asset
managers, brokers and banks in the Asia Pacific region.
It was established in 2003 by the firm's current partners
Philippa Allen and Alex Duperouzel. Today, it has offices in Singapore and Hong
Kong and operates throughout the Asia Pacific and the Indian subcontinent.
ComplianceAsia's team of 60 full-time staff work
with existing legal and compliance units, lawyers, internal and external
auditors to develop customised compliance solutions. The ComplianceAsia service
allows financial institutions to supplement their existing compliance functions
without the cost constraints of financing internal resources.
company is involved in a large amount of corporate licensing and market entry
work in Hong Kong and Singapore and manages the most diverse and substantial compliance
support program of any compliance consulting firm in the region. ComplianceAsia
is also involved with Online Compliance Training, Human Capital Solutions and
Internal Audit for fund managers. For more information, please visit .
active in HKICS, real estate forums & being a previous chair of STEP Hong
Kong (global professional association for practitioners who specialises in
trusts and succession planning), Suzanne is perfectly positioned to design
bespoke solutions for an industry that has been her home serving throughout the
Asian continent for almost 30 years.
most recently served as Alter Domus, an international fund and corporate
services provider, Head of Asia Pacific, Suzanne has a vast amount of
experience working in administrative services in Real Estate, Private Equity,
Alternative Assets and Hedge Funds. This includes previously working as
regional director for international trust and corporate service providers
Intertrust Group and TMF Group in the past decade.
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