Money Laundering Archives

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Switzerland: Draft Investment Screening Act
Singapore: Court of Appeal sets out test to ascertain when a director must prioritise creditor interests
Singapore: ESG developments
Verein KlimaSeniorinnen Schweiz and Others v. Switzerland: European Court of Human Rights identifies shortfalls in Swiss climate mitigation measures and access to justice
Recent SEC Actions Highlight Increased Regulatory Scrutiny over Artificial Intelligence and “AI Washing”
Use of electronic means of communication in cross-border civil proceedings
The Swiss Federal Supreme Court affirms restrictive interpretation of the Swiss public policy exception by upholding civil claims arising from corruption issues pursuant to Hong Kong Law
Swiss Federal Supreme Court confirms the presumption of an enforceable performance obligation underlying an enforcement certificate under the Lugano Convention

Money Laundering

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In Cyber Fraud Recovery

Hong Kong: Police ‘informal freeze’ of bank accounts held invalid – Implications for financial institutions and businesses

January 10, 2022 by Gary Seib, Gillian Lam, Clement Chui and Victor Yip 6 Mins Read

In Brief Cyber fraud remains a significant risk to businesses and individuals. In the 11 months to November 2021, over 500 phishing scams, worth more than HKD 1.4 billion in losses, were reported to the Hong Kong Police. The Police have been developing and will soon launch a free software to assist businesses in identifying phishing scams.[1] On 30 December 2021, the Hong Kong Court of First Instance handed down an important judgment in Tam Sze Leung…