Search Results for: hong Kong
10 results out of 961 results found for 'hong Kong'.
THE DPRK, THE UNCONTESTED MASTER OF AML CONTROL EVASION
With its history of currency counterfeiting, drug trafficking, proliferation of weapons of mass destruction (WMD) and the laundering of related proceeds and payments, there is surely no state worldwide that has a worse money laundering track record than that of the Democratic People’s Republic of Korea (DPRK, North Korea).…
GIG ECONOMY SHAKING UP TRADITIONAL HR ROLES AND SECTOR NEEDS POSITIVE RESPONSE
AS the gig economy or ‘open talent economy’, grows within the ASEAN (Association of Southeast Asia Nations) region, how will it impact the area’s HR jobs? Experts warn that the number of full time, traditional personnel jobs are going to be cut significantly and the role of HR is bound to be disrupted.…
DEPLOY OLDER EMPLOYEES AS BEST WEAPON IN BATTLE SURROUNDING DIGITAL DISRUPTION, EAST ASIAN HR EXPERTS URGE
HUMAN resources experts in Asia have challenged the widely-held belief that recruiting more and more younger ‘digital natives’ who grew up in the Internet age is the best answer to technological developments completely transforming traditional work environments.
Personnel specialists in the tech-innovation-driven economies of Singapore, Hong Kong and Malaysia believe that an older more experienced workforce might actually be more beneficial to organisations mastering digital development challenges.…
BALANCE NEEDS TO BE STRUCK BETWEEN AUTOMATED RECRUITMENT PROCESSES AND HUMAN INTERACTION TO ATTRACT BEST CANDIDATES TO ROLES
HUMAN Resources experts across east and southeast Asia need to rethink what can be overly-automated hiring processes, lacking in personal touch, say some experts. Indeed, there is a need to rehumanise the candidate experience, according to a new study which found that too much automation puts off prospective candidates rather than attracts them.…
CHALLENGE ORGANISATIONAL CULTURE TO REDUCE WORKPLACE STRESS AND CURB PRODUCTIVY SLUMP, HR MANAGERS ADVISED
INNOVATIVE schemes are required to beat workplace stress and challenge organisational culture if HR bosses are to prevent Singapore’s productivity levels being damaged by increasingly worrying wellbeing issues, experts have warned.
Singapore-based Centre for Effective Living (CEL), a company promoting the psychological wellness of organisations, said they have seen a 10%-20% rise in the number of clients from the public as well as private sector seeking their help.…
EUROPOL IN BIGGEST HIT EVER AGAINST ONLINE PIRACY
International police agency Interpol and its European Union (EU) counterpart Europol have
announced what they say is the biggest hit ever against online piracy with law enforcers
taking down more than 20,500 websites selling counterfeit goods seized in 26 countries.
Participating countries were Albania, Austria, Belgium, Bosnia & Herzegovina, Britain,
Colombia, Croatia, the Czech Republic, Denmark, France, Greece, Hungary, Iceland, Ireland,
Italy, Latvia, Moldova, Norway, Peru, Portugal, Romania, Serbia, Spain, Ukraine, the USA
and China special administrative region Hong Kong.…
DIGITISATION OF HR IS GROWING ACROSS ASIA
Using simple automation or more advanced artificial intelligence (AI) – where machines can simulate human intelligence – to perform HR jobs such as hiring, developing and engaging workers, has resulted in massive productivity gains. Consequently, it has made HR decision making more data-based rather than intuition-based and “Asia has certainly embraced digitisation,” global law firm Evershed Sutherland’s head of Hong Kong and Asia Pacific employment practice Jennifer Van Dale said.…
HONG KONG TO SCRAP AML DUE DILIGENCE ADDRESS CHECKS BY FINANCIAL INSTITUTIONS
THE HONG Kong Monetary Authority (HKMA), the Chinese special administrative region’s (SAR) central bank, has proposed removing requirements for financial institutions to secure proofs of address from their customers and their beneficial owners.
In guidance issued on October 11, the HKMA said it was “taking into account feedback from various stakeholders about AML/CFT processes and industry developments” to justify the move.…
HONG KONG STARTS TO WORRY ABOUT TRADE-BASED MONEY LAUNDERING
AS one of the world’s leading financial centres and a traditional bridge to mainland China for international business, Hong Kong has long been in the crosshairs of global money laundering investigations.
Hong Kong featured in the infamous ‘Russian laundromat’ scandal, uncovered by the Organised Crime and Corruption Reporting Project (OCCRP), that saw USD20 billion moved out of Russia between 2010 and 2014 through a web of shell companies.…
MACAO’S AML GAMBLING CONTROLS GET TOUGHER AS AUTONOMOUS REGION FACES PRESSURE FROM CHINA FOR CLEAN-UP
IT would be hard to design a jurisdiction with a greater exposure to money laundering than Macao. A small autonomous Chinese jurisdiction, next to the populous province of Guangzhou, which relies on a huge gambling sector for its income, it is no wonder that Macao has come under pressure from international assessors to run a tight ship regarding anti-money laundering (AML).…