Compliance

[Webinar] Essentials of Virtual Asset Compliance

Overview

The use of virtual assets (VA) including cryptocurrencies like bitcoin is growing rapidly. It is still an emerging market where we see laws and regulations are adjusted to apply to VA service providers globally.


The Hong Kong government gazetted the Anti-Money Laundering and Counter Terrorist Financing (Amendment) Bill 2022, which to introduce a new licensing regime for virtual assets service providers (VASPs).

This webinar will help those who would like to be VASPs under the new licensing regime and/or financial institutions and compliance professionals who deal with VA-related service or products to
• gain a good understanding of the compliance risks associated with VA
• know how to successfully address VA specific compliance risks and challenges
 

Content

• Overview of global and local regulatory focus in VA
• Core elements of VA compliance
• Difference between traditional compliance and VA compliance
• First-hand experience sharing: pin points and best practices

Who should attend

This course is primarily targeted at
• responsible officer, managers-in-charge, compliance officer, licenced individuals of SFC’s regulated activities especially RA 1, 4 and 9
• VASP operators and VA managers

It is also applicable to in-house counsel, IT staff and senior management such as directors, CIOs and CEOs of financial institutions.

Financial Incentive Scheme of the WAM Pilot Programme

This is one of the eligible courses / seminars under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.

Eligible in-service practitioners of the financial services industry could apply for a reimbursement up to 80% of the course / seminar fees, or a maximum of HK$10,000 per person for courses/seminars held for the period from 1 October 2016 to 31 August 2022 upon satisfactory completion.

Each individual may apply for reimbursement for more than one course / seminar subject to a maximum of HK$10,000 but each course / seminar can only be reimbursed once.

The duly signed application form together with the FIVE supporting documents must be submitted within FOUR months from the last day of the course / seminar attended. Please refer to the WAM Pilot Programme website for more details.

WAM Pilot Programme Special Requirements

If you plan to apply for reimbursement under the Financial Incentive Scheme (FIS), please ensure your device/computer has the camera feature or with webcam installed as you are required to turn on your camera throughout the webinar.

Speaker/Course Instructor

Elaine SUN
Ms Elaine Sun is a member of Advisory Council and Regulatory Affairs, Global Digital Finance. Former Head of Compliance, Huobi Tech, Huobi Group. Elaine has a proven track record for nearly two decades in financial industry, particularly in Strategic Leadership, establishing and building Legal and Compliance functions for new industry and asset class (e.g. virtual assets). She joined in virtual assets industry since end 2018, leaded Huobi Group's Compliance team to build compliance functions, licensing strategies, policy and procedures and compliance system. She previously served as Regional Compliance leader for State Street APAC global service, focused on private equity, hedge fund and other alternative investments clients, as well as China capital market and asset management. She is Registered Chief Compliance Officer of financial institutions, with Law degree received in China and MBA from The University of Hong Kong (HKU).

Details

Code
TSBCO22000201
Date & Time
Friday, 19 Aug 2022 (12:20PM - 1:20PM)
Venue
Virtual Platform
Relevant Subject
Type 1 - Dealing in securities
Type 4 - Advising on securities
Type 7 - Providing automated trading services
Type 9 - Asset management
Regulatory Compliance
Language
English
Hours
SFC:1.00, PWMA:1.00
Fees
All Member: HK$270
Staff of Corporate Member: HK$270
Non-Member: HK$540
Student Member (UHKSI): HK$135