FTI Consulting (JD Supra Hong Kong)

3 results for FTI Consulting (JD Supra Hong Kong)

  • What Do Hong Kong-Related Sanctions Mean for U.S. Financial Institutions? A Swiftly Changing Landscape

    Developments in Hong Kong and the U.S.’s reaction have been swift since June 30, 2020, when China’s National People’s Congress Standing Committee (NPCSC) passed the national security law (NSL) -- promulgated by Carrie Lam, the Chief Executive of Hong Kong Special Administrative Region (HKSAR). The U.S. considers the NSL another action by China to erode the autonomy and rights promised to Hong...

  • What Do US Sanctions Mean for Financial Institutions in Hong Kong?

    On Friday, 7 August 2020, the Office of Foreign Assets Control (‘OFAC’) of the US Department of the Treasury updated its Specially Designated Nationals and Blocked Persons List (‘SDN’), imposing economic sanctions on 11 current and former Chinese officials. Please see full Publication below for more information.

  • Are Hong Kong Insurance Firms Ready for Regulatory Ramp-up?

    As a major financial center, Hong Kong has long attracted criminal elements looking to blend into the woodwork while moving illicit funds. The city’s booming insurance sector has lately added to the attraction. With 13 of the top 20 global insurance firms present, the value of premiums has grown at a double-digit pace and insurance penetration is now the second highest in the world. In 2018,...

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