| (Webinar via Zoom) Money Laundering for Beginners: an introduction to anti-money laundering laws in Hong Kong |
| Date: |
23 September 2025 (Tuesday) |
| Time: |
2:30pm - 5:45pm |
| Level: |
E (Elementary)
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| Language: |
English |
| Fee: |
HK$ 1,850 |
| Accreditation: |
(3 CPD Points will be applied for) |
| Ref: |
L25OT25 |
| Venue: |
Webinar Course
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Presenter's Biography:
Steven Gallagher was awarded a first class LL.B. He was called to the Bar of England and Wales in 2006. Steven teaches equity and trusts, property law, and art, antiquities, cultural heritage and the law. Steven has presented continuing professional development courses for solicitors in Hong Kong on many topics associated with property law. Steven's research interests include equity and the law of trusts, Chinese custom and law, cultural heritage law, and law and technology. In 2023 Steven published the first treatise dealing formally and systematically with all the major aspects of and entitled, Digital Technology and Law.
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Objective:
Hong Kong often has been labelled a centre for money laundering. This 3-hour seminar will provide an introduction to the criminalising of money laundering internationally and in Hong Kong. We will also consider the associated criminalizing of dealing with the proceeds of drug trafficking and the financing of terror. The origins of the offence of money laundering will be considered and the measures that have been subsequently introduced to combat money laundering and terrorist funding. The expansion of the original criminalising of laundering money derived from criminal offences such as racketeering, prostitution and drug-dealing to financial crimes, and the placing of a legal burden upon financial institutions and professionals will be discussed.
Money laundering is a relatively recent criminal offence in Hong Kong and the criticism of anti-money laundering (AML) and counter-terrorist funding (CTF also known as anti-terrorist funding (ATF)) practices in Hong Kong will be discussed. The seminar will conclude with discussion of possible changes to anti-money laundering legislation and regulation in Hong Kong.
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Outline:
- What is money laundering?
- Where did the offence originate and why?
- International and domestic measures intended to combat money laundering and terrorist financing;
- High profile cases of money laundering involving persons and institutions linked to Hong Kong;
- Recent decisions of the courts of Hong Kong;
- The burdens to report and prevent money laundering and terrorist financing on financial institutions and professionals in Hong Kong;
- Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO)- regulation and professional codes;
- The problems with virtual assets and, in particular, cryptocurrencies;
- The problems for solicitors in Hong Kong;
- Possible changes to anti-money laundering and counter terrorist financing laws in Hong Kong.
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| Category: |
Others |
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Bookings & Payments
To reserve a seat, please fax the completed booking form to us. We will send out a written Booking Confirmation either by fax or by email to confirm your booking, normally within 48 hours after receiving the booking form. Payment should be made upon we send the Booking Confirmation to you, or together with the booking form if the booking is received within seven (7) days of the course. You are advised to contact us to confirm your place if you have not received the Booking Confirmation prior to the commencement of the course.
Cancellation
In case of cancellation of a booking, you must inform us in writing at least seven (7) days before the date of the course, and a full refund will be issued (less of HK$300 administration fee). Cancellation of unpaid bookings will incur a HK$300 administration fee and the cancellation will not be deemed effective until payment of such fee is received. No refunds will be given and any outstanding amounts remain payable in full if the written notice of cancellation is made less than (7) days before the date of the course.
Transfer
If you cannot attend a booked course, you must inform us in writing at least 24 hours before the commencing time of the course. You may then:
- Transfer the booking to a replacement delegate;( Not available for Individual Discount Packages)
- Transfer your booking to another course, to be held before 31 October 2025; or
- Request a credit voucher, to be used on another LexOmnibus CPD course to be held before 31 October 2025.
No attendance
Once a booking is confirmed and no written notice of cancellation is received by us within the specified time as mentioned above, if a delegate has not settled the payment for a course and fails to attend, for whatever reason, the course fee will remain payable in full. To be awarded CPD points, full attendance of all parts of the conference is required. If you arrive later, or fail to attend a course, your course fee will not be waived, refunded or a credit voucher issued.
Weather
In the event that the No.8 typhoon signal is hoisted or the Black Rain Storm warning is raised within 2.5 hours of the course or is due to be raised during the course, the course will be cancelled. In the event of cancellation due to bad weather, the course will be rescheduled or a credit note issued. No refunds will be given.
Record of Attendance
A certificate of attendance can be provided at a cost of HK$40. Alternatively, a verification of attendance in letter format, along with the original payments receipt is available, at a cost HK$40. Please apply in writing to request either a certificate or verification letter subsequent to the course.
Conference Venue
All the conferences, except webinars, will be taken place in Central. The address of the conference venue will be notified by email, and via the website.
Other Terms
- We may reschedule, vary the details of a course at any time without liability. If we cancel or reschedule the course, except due to the weather conditions indicated, a credit note will be issued.
- Any bank charges and/or expenses incurred as a result of bounced cheques shall be borne by the delegates.
- LexOmnibus will not issue an invoice for registration of a course except under special circumstances and LexOmnibus reserves the right to charge an administration fee for providing that service.
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