The objective of the Finance Bill is to provide for the implementation of measures announced in the Budget Speech 2021-2022. This note summarises its key proposals, which will be debated and voted at the National Assembly in the coming weeks. It aims to provide a basic understanding of the proposed measures that are relevant to
The Financial Services Commission ('FSC') has updated the Anti-Money Laundering and Combatting the Financing of Terrorism Handbook 2020 (the 'AML/CFT Handbook') previously issued on 13 January 2020.
The Handbook provides guidelines to assist financial institutions in complying with the Financial Intelligence and Anti-Money Laundering Act 2002 and the Financial Intelligence and Anti-Money Laundering Regulations 2018 ('FIAML
This note follows our document dated 11 May 2020, which summarised the main provisions that were proposed to be introduced through the COVID-19 (Miscellaneous Provisions) Bill. While the Bill was introduced in the National Assembly on 13 May 2020, it was passed with certain amendments made to it on 15 May 2020.
In this update note,