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HK SFC proceedings against Yorkey Optical for late disclosure of information

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Hong Kong’s capital markets regulator has started Market Misconduct Tribunal (MMT) proceedings against Yorkey Optical International (Cayman) for failing to disclose price sensitive inside information “as soon as reasonably practicable”.

The Securities and Futures Commission’s action was also directed at Yorkey’s chief executive and executive director, Nagai Michio, and its company secretary and financial controller, Ng Chi Ching.

The SFC said it took action against the two men for their reckless or negligent conduct causing the alleged breach by Yorkey of the provisions of the statutory corporate disclosure regime or their failure to take all reasonable measures from time to time to ensure that proper safeguards exist to prevent the alleged breach.

Speaking generally, Mohan Datwani, director of technical and research standards at the Hong Kong Institute of Chartered Secretaries (HKICS), as well as a member of the territory’s Securities and Futures Appeals Tribunal (SFAT), said the regulator’s move showed that the SFC meant business.

“The SFC is serious about regulating the local market and it places a heavy emphasis on vigilance and disclosure. On the matter of disclosure, it is keen about both its quality and impact as set forth in its recent corporate newsletters,” he said.

It was in that vein, he said, that the SFC likely took action.

Yorkey was listed on the Main Board of the Stock Exchange of Hong Kong on February 10, 2006. The statutory corporate disclosure regime under the local Securities and Futures Ordinance (SFO) came into effect on January 1, 2013.

Profit slide

Yorkey recorded a net profit of $1.25 million (HK$9.696 million) in its unaudited interim results for the six months ending on June 30, 2012, with a net profit of $60,000 for its 2012 final results. Its $60,000 2012 net profit represented a decline of 99 percent when compared to the same figure for 2011, $6.685 million.

The securities regulator found that, contrary to the published expectations of Yorkey’s management of significant growth and increasing profitability for the second half of 2012, as compared to the first half of that year, Yorkey sustained material losses in the second half of 2012.

That caused the company to deteriorate financially, causing a significant year-on-year decline to its 2012 profits on a full-year basis. The information about Yorkey’s material losses in the second half of 2012 and its significant financial deterioration were apparent from the figures contained in the internal management accounts, the SFC said.

“These figures would have been a clear indication to the senior management of Yorkey that the results for the second half of 2012 and hence, the full year of 2012, would be much worse than expected,” the SFC said.

Lack of timely disclosure

The information above came to the knowledge of Yorkey and its chief executive from around mid-December 2012 or mid-January 2013, at the latest, the SFC said. “However, it was not disclosed to the public until the publication of Yorkey’s audited annual results for the year ended December 31, 2012 (2012 final results) on March 25, 2013,” the SFC said.

The regulator said information about Yorkey’s material losses in the second half of 2012 and the significant deterioration in its financial performance was specific information regarding Yorkey, price sensitive and not generally known to the public at the material time.

“Had the information been known to the investing public, it would be likely to materially affect the share price of Yorkey,” the SFC said.

Yorkey’s share price fell 21.25 percent over a three-day period from HK$0.80 on March 25 to HK$0.63 on March 28, 2013.

Written by Ajay Shamdasani, a senior staff writer with Thomson Reuters Regulatory Intelligence in Hong Kong. He covers regulatory developments in Hong Kong, India and South Korea. He also writes about money laundering, fraud, corruption, data privacy and cybercrime.

Contact information

For additional information please contact:

Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post HK SFC proceedings against Yorkey Optical for late disclosure of information appeared first on Eximius.


Beijing to engage Hong Kong legal community when interpreting Basic Law

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Beijing is studying ways to further engage Hong Kong’s legal community when it has to interpret the Basic Law in the future, the liaison office’s legal chief said on Tuesday.

Speaking at the Foreign Correspondents’ Club, Wang Zhenmin said this was part of Beijing’s plan to “fully implement” the Basic Law.

“People [have complained] a lot in recent years that the Basic Law was not fully implemented, both in Hong Kong and [the] mainland,” he said.

“So we are doing research on this question [on] how to, for example, increase participation of the Hong Kong legal community when the National People’s Congress Standing Committee interprets the Basic Law.”

Under Hong Kong’s constitutional framework, when the Court of Final Appeal deems it necessary to refer a case to the NPCSC for an interpretation of the Basic Law, the NPCSC would do so upon the advice of the Basic Law Committee, of which Wang is a member.

The committee consists of 12 members, equally split between Hongkongers and mainlanders.

In the first few years after the handover, however, Beijing interpreted the law without a request from the top court, effectively overturning its right-of-abode judgment and triggering concerns over judicial independence in the then-fledging SAR.

Over the past decade, however, Beijing has been more reserved in terms of interpreting the city’s mini-constitution. In 2011, Hong Kong’s top court for the first time passed a case about diplomatic immunity to the NPCSC for interpretation.

Wang, who gave a one-hour English talk at the club, a rare venue for communist officials, did not spell out in detail how the participation of Hong Kong lawyers could be increased in the future.

He said Beijing is also considering how to make the mainland legal market more accessible to Hong Kong’s legal professionals, and how to “further protect human rights and the lawful interests of Hong Kong people on the mainland”.

Commenting on the case of Lee Po, the Hong Kong bookseller who went missing to participate in a mainland investigation, Wang said it is “clear in the Basic Law” that only the Hong Kong government and agencies can enforce the law in the city.

South China Morning Post: Beijing wants to engage Hong Kong’s legal community more when interpreting Basic Law, says Wang Zhenmin

Contact information

For additional information about the legal market in Asia please contact:

Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: jennifer.chow@eximius.com
T: + 852 3078 5036

The post Beijing to engage Hong Kong legal community when interpreting Basic Law appeared first on Eximius.

Joint mainland-HK ‘smart city’ signed off

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Agreement reached at Internet Economy Summit to build tech hubs on both sides of the border, with backing of businesses and governments

Business groups from the mainland and Hong Kong, with the backing of their governments, yesterday signed an unprecedented deal to develop “smart cities” on both sides.

The agreement between the mainland’s Smart City Development Alliance and Hong Kong’s Smart City Consortium at yesterday’s Internet Economy Summit would jointly promote business exchanges with the aim of harnessing technology to improve people’s lives.

This follows Chief Executive Leung Chun-ying’s policy address last year when he first proposed using Kowloon East as a pilot area.

He followed up in this year’s policy speech with his vision of turning Hong Kong into a smart city, starting with expanding free Wi-Fi services to bus stops and shopping arcades, having more mobile-friendly data services, and encouraging “intelligent homes”.

“Hong Kong has great competitive advantage in developing an internet economy with its world class infrastructure, young talents, mature financial system, and comprehensive legal framework,” Xu Lin, deputy director of China’s Cyberspace Administration told the audience at the summit.

“[The internet industry] will become the ‘crowning touch’ of the city’s economic development one day,” Xu said, adding there’s plenty of room for the mainland and Hong Kong to work together.

Xu suggested that the city’s Cyberport could be turned into an innovation hub for companies from both sides of the border by using big data to boost mainland and overseas businesses in Hong Kong.

Eric Yeung Chuen-sing, convener of Smart City Consortium, who signed the agreement on behalf of some 30 major local players, including CLP Power and HK Electric, told the Post that the idea was to get more creative input from the mainland to build a smart city in Hong Kong.

“There are 277 pilot areas on the mainland but Hong Kong only has one,” he said.

Yeung noted that most smart city companies eyed the bigger mainland market, but Hong Kong could be a good place for launching pilot schemes thanks to its mature business environment.

The agreement included clauses for Hong Kong experts to be involved in setting standards for the evaluation of smart cities.

“We want to make sure the relevant products from Hong Kong would fit the standard of [mainland] China and the rest of the world,” Yeung said, “otherwise, Hong Kong will become an isolated island.”

Speaking at the summit, the chief executive said Hong Kong was well positioned to develop its internet economy by capitalising on its China connections under the “one country, two systems” policy.

Leung welcomed companies from the mainland and other parts of the world to set up offices for research and development in Hong Kong, and to take full advantage of “the world-class infrastructure” and “dynamic business environment” here.

“We are, indeed, a welcoming society, one that has open borders, and more importantly, open minds,” Leung said.

Allen Ma, chief executive officer of the Hong Kong Science and Technology Park, said there was no one smart city solution. He said each city had a different focus when introducing technology to make the urban environment smarter and improve living standards.

In the case of Hong Kong, Ma said, the Science Park was examining the use of smart connected devices to enhance transportation and housing.

South China Morning Post: Joint mainland-HK ‘smart city’ deal signed off

Contact information

For additional information about the legal market in Asia please contact:

Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: jennifer.chow@eximius.com
T: + 852 3078 5036

The post Joint mainland-HK ‘smart city’ signed off appeared first on Eximius.

Eximius are the proud sponsors of panel discussion on “Financial Crime: Can the Good Guys Win” hosted by Women in Finance Asia and Bank of America Merrill Lynch

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PANEL DISCUSSION ON “FINANCIAL CRIME: CAN THE GOOD GUYS WIN?”

Moderated By:
Anna Stephenson
CEO, Inflection Point Solutions Ltd

It seems like financial crime is in the newspaper headlines every week, from Ponzi schemes to money laundering, from cyber-scams to bust-out fraud.

Our panel of crime-fighting specialists come from a variety of backgrounds and bring different perspectives to the never-ending battle against the bad guys.

Join us to discuss:

  • How financial crimes are morphing as technology advances
  • Who commits financial crimes and why
  • What companies and governments are doing to detect and prevent financial crimes
  • Secrets of life as an undercover cop!

 

SPECIAL GUEST PANELISTS:

Russell Harding
Regional Head of Financial Crime
UBS

Russ spent 20 years with the HK police force putting money launderers in prison, and now the last 18 months with UBS helping their teams identify and prevent money laundering.

Susan Jenkins
Regional Head of Employee Relations
Bank of America Merrill Lynch

Susan brings the HR perspective to our panel, focusing on criminal motivation, employee crime prevention, whistle-blowing etc. Her significant experience in all aspects of HR across Europe, the Middle East and Asia give her unique insights into employee related crime.

Bill Majcher
President
EMIDR Ltd

Bill has actually been a money launderer for a Colombian cocaine cartel, during his career as a covert operative for the RCMP. He also trained covert operators on how to defeat banks’ AML controls. He now specialises in military grade cyber-security and unconventional solutions.

Adelene Wee
Group Head
Fraud Prevention & Integrity Risk
Hill & Associates

As a senior executive at a risk mitigation consulting company, Adelene advises her clients on matters of integrity such as in the areas of compliance, fraud, bribery and corruption. She is the China expert on our Panel and brings insights into the practical risk issues of corporate governance in Asia.


Venue: BAML Hong Kong Office, 55/F, Cheung Kong Center, 2 Queen’s Road Central

Hong Kong Cost: Free
Registration: CLICK HERE to register online. If you are unable to attend, you may send an alternate attendee.
Contact: grace.lee@wifasia.org


Contact information

For additional information please contact:

Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post Eximius are the proud sponsors of panel discussion on “Financial Crime: Can the Good Guys Win” hosted by Women in Finance Asia and Bank of America Merrill Lynch appeared first on Eximius.

Eximius Financial Crime Compliance Update

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Featuring four exclusive compliance jobs in Asia and Eximius Group’s sponsorship of  ‘Financial Crime: Can the Good Guys Win?’ event, hosted by Bank of America Merrill Lynch: Financial Crime Compliance Update | April 2016

Contact information

For additional information please contact:

Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post Eximius Financial Crime Compliance Update appeared first on Eximius.

Launderers target Asian insurance sector for Chinese capital flight

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Insurance companies in Asia are increasingly being used as vehicles to spirit money out of China and circumvent Chinese capital controls, officials said.

While insurance companies have been on high alert for potential money laundering risks in recent years, capital flight is a more recent phenomenon, but one that could have serious implications for the insurance sector, panelists at a conference argued.

In some cases, mainland Chinese insurance companies have tried to circumvent capital controls by obtaining insurance licences outside their domestic market to transfer funds out of the country, said Bill Majcher, president of EMIDR in Hong Kong. Speaking at the InnoXcell Annual Symposium in Hong Kong, Majcher highlighted the use of insurance to engage in private equity or hedge fund-style investments.

“I have routinely been asked by Chinese insurance companies, in some of the investment banking and advisory deals I do, to buy insurance licences in Hong and Taiwan and Greater China,” he said. “They are not looking to sell insurance policies, they are looking for vehicles to bring money out [of China]. Until recently, who had heard of Chinese insurance companies doing multi-billion dollar hotel acquisitions?”

“When I see all this money and desire to get insurance vehicles from and outside of China, it tells me it is nothing more than a vehicle for capital flows. When it comes to how the insurance industry can be used to launder funds, there are so many different ways; it is not just a launderer buying a product,” he said.

He also likened the fund outflow from China to a “giant Ponzi scheme” which would cause considerable problems in five years’ time.

Majcher, a former inspector with the Royal Canadian Mounted Police (RCMP), said, historically, insurance had never seriously been regarded as an AML risk. “From a law enforcement perspective, in the past, insurance was never a major issue,” he said.

Soeren Seitz, chief compliance officer at Manulife Asia in Hong Kong, and a co-panelist, said many insurance products, such as car insurance, medical plans and term life, were not good money laundering vehicles. “You have got to produce a death certificate, so it is only in pretty rare events that it [life insurance] will get misused,” he said.

Weak spots

Insurance can however be an effective way for criminals to launder funds.

“When it comes to insurance companies depositing money into a bank account because it is [ostensibly] from the proceeds of sales of insurance products, there is going to be a lower barrier of scrutiny on that money because it is still considered as coming from a financial institution,” Majcher said.

He said if a launderer took out an insurance policy, they could always later claim they did not need it and surrender the policy for its current cash value. “Nowadays, [insurers] are selling any number of financial products and doing financial engineering in ways insurance companies have traditionally not been doing,” he said.

Ultimately, would-be launderers merely want to know how much it will cost, what currencies they can use, how long the transaction will take, what volume of funds can be sent and what guarantees they have of performance.

Compliance officers must therefore be aware of their firms’ AML risks, to what extent the beneficial ownership information in their files is lacking or dubious, and how easily and quickly value can be transported via insurance products. They should also appreciate how swiftly large amounts of money can be laundered through a firm’s insurance offerings, be they traditional insurance policies or those which have an investment element attached, such as annuities.

“A few [insurance] products, however, do pose risk,” Seitz said. “In the single premium space, for example, where you can pump in quite a lot of money right away and take it off during the cooling-off period and then reassign it in secondary market. You can even take out a loan against it,” he said.

Weak link

The insurance sector has sometimes been held out as a weak link in terms of money laundering, when compared with banks, investment banks, brokerages and funds. The traditional view has been that AML should not be a great concern for insurance companies, because launderers would be unlikely to want their funds locked up in a policy that made their money less liquid and accessible than it might be in a bank or brokerage account.

Modern launderers plan ahead.

“Particularly when dealing with politically exposed persons in an Asian context, the time horizon is not to get bribery monies out of the country. People take the long-term view and want to provide for multiple generations in advance, and insurance is a good vehicle for that,” Seitz said.

He added that policies which were cancelled within the two-week cooling-off period would typically cause some AML concerns, although he said such instances were the exception rather than the rule.

Data mining helps with AML

In Hong Kong, insurance companies filed only 1.1 percent of suspicious transaction reports last year, with comparable ratios in other major jurisdictions such as the United States. In some ways, however, insurers may actually find it relatively easy to ratchet up their AML and know your customer) compliance standards because of the information they collect on potential clients before deciding to onboard them.

“Insurance companies have been lucky to get a lot of information on their customers [upfront] to prevent fraud and payout claims,” Seitz said.

Furthermore, insurance companies have always undertaken plenty of data mining, as most of them are run by statisticians and actuaries who understand such data, he said.

“We know how to deal with reassignments, topping-up of policies, lapses of policies or giving them back [their money] after the cooling-off period, which are red flags from a money laundering perspective. We have done that as industry much earlier than most banks have,” he said.

Written by Ajay Shamdasani a senior staff writer with Thomson Reuters Regulatory Intelligence in Hong Kong. He covers regulatory developments in Hong Kong, India and South Korea. He also writes about money laundering, fraud, corruption, data privacy and cybercrime.

Thomson Reuters: Launderers target Asian insurance sector for Chinese capital flight

Contact information

For additional information about the legal market in Asia please contact:

Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: jennifer.chow@eximius.com
T: + 852 3078 5036

The post Launderers target Asian insurance sector for Chinese capital flight appeared first on Eximius.

Anja Van Bergen, the new Global General Counsel of Normad Foods outlines the service provided by Legal Headhunter Raj Mehta of Eximius Group

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Nomad Foods has hired Nutreco general counsel Anja Van Bergen as its new legal chief – a year after the company bought Birds Eye maker Iglo for €2.6bn.

Van Bergen has relocated from Amsterdam to London to take on the position, having led the legal team of animal nutrition and dish feed company Nutreco for nearly six years.

She was also the legal chief of design and consultancy business Arcadis, also based in the Netherlands, as well as director of legal and risk at ABN AMRO between 1989 and 1996.

Van Bergen was placed in her new role by Eximius Group head of commerce Raj Mehta after a three month search.

Nomad had been looking to recruit a legal head with experience of working in the European market, with Van Bergen heavily involved in Nutreco’s delisting from the Amsterdam Stock Exchange last year and incorporation as a private company.

In her new role, she will help Nomad build up its legal function, over a year after it bought frozen food maker Iglo from Permira for €2.6bn (£1.87bn), as well as Findus’ European businesses. The Iglo transaction saw Greenberg Traurig advise Nomad on the purchase, while Permira turned to Clifford Chance and Skadden Arps Slate Meagher & Flom.

Since moving to Nomad, Van Bergen has been replaced at Dutch-based Nutreco by senior legal counsel Koen Laagland who has been promoted.

The Lawyer: Nomad Foods has hired Nutreco general counsel Anja Van Bergen as its new legal chief – a year after the company bought Birds Eye maker Iglo for €2.6bn.

The Grocer: Anja Van Bergen joins Nomad Foods to support acquisitions 

LinkedIn: Anja Van Bergen, the new Global General Counsel of Nomad Foods outlines the service provided by Legal Headhunter Raj Mehta of Eximius Group

Contact information
Raj Mehta, Head of Commerce and Industry, EMEA
E: raj.mehta@eximius.com
T: +44 (0) 207 648 6956

The post Anja Van Bergen, the new Global General Counsel of Normad Foods outlines the service provided by Legal Headhunter Raj Mehta of Eximius Group appeared first on Eximius.

Eximius Financial releases Risk Market Update


Eximius Risk Compliance Update

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Featuring nine exclusive risk and compliance jobs in Asia and details on upcoming event ‘WiFA Environmental, Social & Corporate Governance (ESG) Series Part 2: Corporate Governance’ hosted by Women in Finance Asia: Risk Compliance Update | May 2016

Contact information

For additional information please contact:

Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post Eximius Risk Compliance Update appeared first on Eximius.

Eximius market update ‘Automatic Exchange of Information – The Common Reporting Standard’

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What is CRS?

The Common Reporting Standard (CRS) was developed by the Organisation for Economic Co-operation and Development (OECD) to provide systematic and periodic exchange of tax residents’ financial account information between participating jurisdictions.

This global standard is built upon information sharing legislation such as the US Foreign Account Tax Compliance Act (FATCA) and EU Savings Directive as a measure to improve tax transparency and counter tax evasion.

What is exchanged?

Under the CRS, jurisdictions obtain information from their financial institutions and exchange that information with other jurisdictions on an annual basis.
In brief, the CRS sets out:

  1. Which financial institutions need to report
  2. The types of accounts and taxpayers covered
  3. Due diligence procedures
  4. Financial account information to be exchanged.

Who is affected?

The CRS impacts a similar range of financial institutions (FIs) as FATCA, comprising:

  • Depository institutions
  • Custodial institutions
  • Investment entities
  • Specified insurance companies

Hong Kong will adopt a pragmatic approach to include all essential requirements of the Automatic Exchange of Information (AEOI) standard in its domestic law –penaltie sapply to FIs, employees of FIs and third-party service providers for non-compliance.

Financial accounts held by tax residents in CRS participating countries are reportable, including:

  • Individuals
  • Entities–including trusts and foundations, and the requirement to look through passive entities reporting on controlling persons.


CRS implementation commitment

As at 14 April 2016, 98 jurisdictions had committed to the CRS. Over 50 jurisdictions are early adopters, with a CRS implementation date of 1 January 2016.

KPMG: Automatic Exchange of Information – The Common Reporting Standard

Contact information

For additional information about the legal market in Asia please contact:

Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: jennifer.chow@eximius.com
T: + 852 3078 5036

The post Eximius market update ‘Automatic Exchange of Information – The Common Reporting Standard’ appeared first on Eximius.

Bankers to be targeted in next phase of Beijing’s anti-graft push

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Financial institutions should prepare contingency plans to deal with the sudden arrest of top regulators and bankers as part of China’s anti-corruption drive, a report said. In recent weeks the Chinese authorities have moved to stamp out graft at the highest levels.

“Chief executive officers, general counsel and board level decision makers… need to address the new realities. This situation is a significant landscape change,” said Steve Vickers, chief executive of Steve Vickers and Associates (SVA), a political and corporate risk consultancy in Hong Kong, which issued the report. “Compliance officers are not really set to address these challenges.”

Read full article: Thomson Reuters – Bankers targeted in next phase of china fraft purge

Contact information

For additional information about the legal market in Asia please contact:

Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: jennifer.chow@eximius.com
T: + 852 3078 5036

The post Bankers to be targeted in next phase of Beijing’s anti-graft push appeared first on Eximius.

SALARY SURVEY: Hong Kong compliance market cooling down, some areas in high demand

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Activity in the compliance recruitment market in Hong Kong is cooling down, with financial institutions increasingly focusing on replacing candidates who have moved elsewhere, recruiters said.

Candidates aiming to change jobs can no longer expect the large salary increases routinely offered in previous years, and bonuses are more modest than before. When compared with the broader recruitment market, however, conditions remain good, and with demand still high for certain skill sets there are ample opportunities for qualified candidates, the Thomson Reuters Regulatory Intelligence Hong Kong Salary Survey 2016 has found.

Read full article: Thomson Reuters – Salary Survey – Hong Kong compliance market cooling down, some areas in high demand

Contact information

For additional information about the legal market in Asia please contact:

Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: jennifer.chow@eximius.com
T: + 852 3078 5036

The post SALARY SURVEY: Hong Kong compliance market cooling down, some areas in high demand appeared first on Eximius.

Eximius Risk Compliance Update

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Featuring seven exclusive risk/compliance jobs in Asia and market update ‘Money laundering proving tough nut to crack’ – Risk Compliance Update | June 2016

Contact information

For additional information please contact:

Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post Eximius Risk Compliance Update appeared first on Eximius.

Compliance Hot Jobs Newsletter

Global report on Women in Financial Services

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Oliver Wyman releases global report on the state of female leadership in financial services – featuring an analysis of 381 financial services organisations in 32 countries, a survey of 850 financial services professionals around the world and interviews of more than 100 senior female and male leaders.

Content

  • Women in financial services
    Time to address the mid-career conflict
  • Should I stay or should I go?
    A cross-generation view from the US
  • Women in the public sector
    Ahead of the curve but room for improvement
  • Women’s financial inclusion
    How to get a billion new customers
  • Female leadership in Germany and Switzerland
    Culture trumps policy
  • Risk Management
    Where are the female CROs?
  • Women leaders in Chinese Fintech
    A force for change?
  • Quit throwing money away!
  • Gender vs. leadership diversity
  • Women in portfolio management
    The missing diversity multiplier
  • Pay equity in financial services
  • Ladies first?

 

Read full report: Oliver Wyman Women in Financial Services 2016 Report

Contact information

For additional information about female leadership in financial services please contact:

Kate Reid, Associate Director, Eximius Hong Kong
E: kate.reid@eximius.com
T: + 852 3978 5030

The post Global report on Women in Financial Services appeared first on Eximius.


Hong Kong Risk Compliance June Update

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Featuring seven exclusive risk/compliance jobs in Asia plus market updates:

  • ‘HKMA introduces Cybersecurity fortification initiative for banks’
  • ‘Blockchain technology can help banks beat money-laundering, Hong Kong regulator says’
  • ‘Reuters Financial Regulation Summit 2016’

 
Hong Kong Risk Compliance June Update

Contact Information

For additional information please contact:

Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post Hong Kong Risk Compliance June Update appeared first on Eximius.

Hong Kong Risk Compliance July Update

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Featuring eight exclusive risk/compliance jobs in Asia plus Anti-Money Laundering, Cyber-Security, Panama Papers, Fintech and Insurance market updates.

Hong Kong Risk Compliance July Update

Contact Information

For additional information please contact:

Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post Hong Kong Risk Compliance July Update appeared first on Eximius.

Compliance Market Report

Eximius Hong Kong are proud supporters of the Eat For Good charity initiative

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The Eat For Good programs helps intellectually disabled adults and elderly living under poverty through purchasing healthy snacks.

Eat For Good is an innovative and multi-faceted corporate social responsibility initiative operated by HandsOn Hong Kong; Eat For Good facilitates social inclusion between professionals, intellectually disabled (ID) adults and underprivileged elderly in Hong Kong. Combining elements of responsible procurement, philanthropy, and volunteering, this ‘buy one, give one’ initiative provides healthy and wholesome snacks packed and delivered by ID adults to companies and nutritious Chinese soup delivered by volunteers to disadvantaged elderly.

Please visit for more information www.handsonhongkong.org for more information or to register yourself to become a volunteer.

 

Contact Information

For additional information please contact:
Kate Reid, Associate Director /Jennifer Chow, Business Support Associate, Eximius Hong Kong
E: kate.reid@eximius.com/jennifer.chow@eximius.com
T: +852 3978 5030/3078 5036

The post Eximius Hong Kong are proud supporters of the Eat For Good charity initiative appeared first on Eximius.

Risk Market Report

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