MOVE TO CURB SEARCHES OF COMPANY RECORDS SPARKS CONCERN IN HONG KONG

On 1 April, Radio Free Asia reported that plans by the Hong Kong government to relax public disclosure requirements for companies operating in the city have sparked concerns over transparency and money laundering, as well as dwindling press freedom.  It is said that the government will adjust legal requirements to make it harder to carry out an online Companies Registry search – with only correspondence addresses and partial ID numbers will be accessible in future, in a bid to protect directors’ privacy.

https://www.rfa.org/english/news/china/searches-04012021151603.html

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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