Regulatory Defence & Licensing Advisory
Managing regulatory compliance in Hong Kong is becoming increasingly demanding, and standard checklists are no longer enough to satisfy local authorities.
At TY Compliance, we handle the heavy lifting for you by designing practical anti-money laundering workflows and executing end-to-end licensing applications. We act as an experienced extension of your team to fix structural vulnerabilities before they turn into penalties, ensuring your business stays secure and fully authorized to operate.
Cap. 615 Compliance & AML/CTF Frameworks
Generic compliance checklists fail under regulatory scrutiny. We design bulletproof, custom-tailored operational workflows built from the ground up to comply strictly with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) and guidelines issued by local enforcement authorities.
- Bespoke Policy & Procedure Development: Drafting comprehensive AML/CTF manuals, custom institutional risk assessment frameworks, and practical employee compliance guidelines designed specifically for your corporate structure.
- Independent AML/CTF Audits: Conducting strict, independent operational reviews to test the absolute resilience of your current compliance system, identifying administrative vulnerabilities before regulators do.
- Transaction Monitoring & Sanctions Architecture: Setting up clear transaction thresholds, automated screening processes, and robust suspicious transaction reporting (STR) workflows mapped to local Joint Financial Intelligence Unit (JFIU) operational expectations.
End-to-End Licensing Solutions
Securing and maintaining an operational license in Hong Kong requires navigating layered bureaucratic requirements. We leverage precise institutional knowledge of local administrative processing behaviors to guide prospective operators through complex regulatory hurdles.
- TCSP Licensing (Trust or Company Service Providers): Complete management of new applications and complex renewals under the Registry for Trust and Company Service Providers, ensuring clear compliance with local fit-and-proper criteria.
- MSO Licensing (Money Service Operators): Specialized advisory for remittance and money exchange operations navigating strict Customs and Excise Department requirements, including management interviews and structural business plan writing.
- VASP & Digital Asset Advisory (Virtual Asset Service Providers): Elite structural advisory for platforms adjusting to the Securities and Futures Commission (SFC) licensing regime, focusing on local custody rules, investor protection barriers, and stablecoin frameworks.
Intelligence & Due Diligence
Standard automated software databases miss localized, hidden corporate risks. We conduct deep-dive, manual verification using local direct records access, statutory registers, and human intelligence networks to trace true ownership networks.
- Enhanced Due Diligence (EDD) Investigations: High-risk vetting of complex institutional clients, politically exposed persons (PEPs), and close-association networks to insulate your brand from administrative and legal exposure.
- Ultimate Beneficial Owner (UBO) Tracing: Manual unlayering of opaque offshore ownership chains, nominee shareholder agreements, and cross-border corporate vehicles utilizing direct records access via the Hong Kong Companies Registry.
- Adverse Media & Sanctions Resolution: Detailed screening against domestic and global enforcement databases (including HKMA, SFC, JFIU, and international watchlists) combined with contextual local language analysis.