Services – BWIC

Our Professional Services

Our services are designed to support clients throughout the regulatory lifecycle — from initial assessment and licensing through to implementation, monitoring, and ongoing compliance.

Insurance Authority Compliance

We provide regulatory and compliance support to insurance businesses in Hong Kong.

Insurance Licensing Advisory

We provide support in relation to:

Regulatory licensing assessment
Licensing application preparation
Application documentation
Business and operational information
Compliance framework preparation
Governance arrangements
Internal control framework
Regulatory correspondence
Pre-licensing readiness
Ongoing regulatory requirements

Insurance Compliance Framework

We assist insurance businesses in developing and maintaining:

Compliance policies
Compliance procedures
Internal controls
Compliance monitoring programmes
Risk management arrangements
Record-keeping procedures
Complaint handling procedures
Conflicts-of-interest controls
Staff compliance procedures
Regulatory reporting arrangements

Insurance Conduct Compliance

We assist clients in reviewing their conduct-related arrangements, including:

Customer-facing processes
Suitability-related controls
Product and service governance
Conflicts of interest
Customer communications
Complaint handling
Staff responsibilities
Record keeping
Compliance monitoring

AML/CFT for Insurance Businesses

We provide AML/CFT advisory and implementation support, including:

AML/CFT risk assessment
Customer risk assessment
KYC/CDD
Beneficial ownership assessment
Enhanced due diligence
PEP screening
Sanctions screening
Adverse media review
Ongoing customer monitoring
Suspicious transaction escalation procedures
AML/CFT policies and procedures
Staff training
Independent AML/CFT review

SFC Licensing & Compliance

We provide regulatory and compliance support to businesses that are establishing, operating or reviewing businesses falling within the scope of the Hong Kong securities regulatory framework.

SFC Licensing Advisory

Our support include:

Initial regulatory perimeter assessment
Assessment of proposed regulated activities
Licensing strategy and preparation
Business plan development
Organisation and management structure
Compliance framework
Internal controls
Risk management framework
AML/CFT framework
Supporting documentation
Regulatory application preparation
Regulatory correspondence
Application follow-up
Pre-launch compliance readiness

SFC Application Preparation

We assist clients in preparing the documentation and compliance infrastructure required for their proposed business, including:

Business and operating model
Organisation chart
Management responsibilities
Compliance manual
AML/CFT policies
Risk management procedures
Internal control procedures
Client onboarding arrangements
Record-keeping procedures
Outsourcing arrangements
Compliance monitoring arrangements

Ongoing SFC Compliance

Following licensing, we can provide continuing compliance support covering areas such as:

Compliance monitoring
Regulatory updates
Policy review
Internal control testing
Client-file reviews
Conflicts of interest
Suitability controls
Record keeping
Complaint handling
Staff compliance
Risk management
Regulatory reporting
Management reporting

SFC AML/CFT

We assist clients in establishing and maintaining AML/CFT frameworks covering:

Institutional risk assessment
Customer risk assessment
KYC/CDD
Beneficial ownership
Enhanced due diligence
PEP screening
Sanctions screening
Adverse media
Transaction monitoring
Ongoing due diligence
Suspicious transaction escalation
AML/CFT training
Independent review

TCSP Licensing & Compliance

Trust or Company Service Provider Regulatory Advisory — we provide regulatory and compliance support to businesses operating or intending to operate as Trust or Company Service Providers in Hong Kong.

TCSP Licensing

Our services include:

Initial regulatory assessment
TCSP licensing application support
Application documentation
Fit-and-proper preparation
Ownership and management information
AML/CFT framework preparation
Regulatory correspondence
Pre-licensing readiness
Ongoing compliance support

TCSP Compliance Framework

We help TCSP businesses establish practical compliance arrangements covering:

AML/CFT policies
Customer due diligence
Beneficial ownership
Enhanced due diligence
Customer risk assessment
PEP identification
Sanctions screening
Ongoing monitoring
Record keeping
Suspicious transaction escalation
Compliance monitoring
Staff training

Corporate Services Compliance

We assist clients in reviewing compliance arrangements associated with corporate and trust services, including:

Customer onboarding
Ownership structures
Beneficial ownership
Corporate records
Customer identification
Source of funds / source of wealth assessment where applicable
Customer risk classification
Periodic review
Record keeping
Internal escalation

Ongoing TCSP Regulatory Support

Our ongoing support include:

Compliance reviews
AML/CFT reviews
Customer-file reviews
Regulatory monitoring
Policy updates
Staff training
Regulatory inspection preparation
Remediation
Management reporting

AML/CFT for Corporations

We have a well-established AML/CTF system that manages all concerns regarding AML/CFT, KYC/CDD, Enhanced Due Diligence, Sanctions Compliance and AML Independent Review.

AML/CFT & Financial Crime Compliance

AML/CFT is one of our core professional capabilities. We have established AML/CFT systems and professional expertise to assist businesses in addressing the risks associated with money laundering, terrorist financing and related financial crime. Our approach is risk-based and designed to be integrated into the client's overall compliance framework.

KYC / Customer Due Diligence

We assist clients with:

Customer identification
Customer verification
Beneficial ownership identification
Ownership and control analysis
Customer risk assessment
Purpose and nature of the business relationship
Source of funds assessment
Source of wealth assessment
Ongoing customer due diligence

Enhanced Due Diligence

For higher-risk customers or circumstances, we can assist with:

Enhanced customer verification
Additional ownership analysis
Source of wealth
Source of funds
PEP assessment
High-risk jurisdiction considerations
Adverse media
Complex corporate structures
Enhanced ongoing monitoring

Sanctions Compliance

Our services include:

Sanctions screening framework
Screening procedures
Alert handling
Potential match escalation
Documentation
Record keeping
Periodic review

AML Independent Review

We conduct structured reviews of AML/CFT frameworks, including:

Governance
Risk assessment
Customer due diligence
Customer risk classification
EDD
Sanctions screening
Transaction monitoring
Suspicious transaction procedures
Record keeping
Staff training
Management oversight

Regulatory Compliance & Governance

Our regulatory compliance and governance services help clients assess their current position, strengthen internal controls and establish governance arrangements.

Services

Our services include:

Compliance Monitoring

Internal Control Framework

Corporate Governance

Outsourced Compliance Services

For businesses seeking professional external support, we provide flexible outsourced or co-sourced compliance services, subject to the applicable regulatory requirements and the specific nature of the engagement.

Compliance Officer Support

Professional support for day-to-day compliance activities, monitoring and reporting.

MLRO Support

Support relating to AML/CFT governance, escalation, review and reporting processes, subject to applicable requirements.

AML/CFT Support

Assistance with:

Regulatory Monitoring

Monitoring relevant regulatory developments and identifying matters requiring management attention.

Compliance Calendar

Establishing and maintaining a structured compliance calendar covering:

Policy Maintenance

Periodic review and updating of policies and procedures to reflect changes in the business and applicable regulatory requirements.

Periodic Compliance Reporting

Preparation of management-level compliance reports covering:

Customer-File Reviews

Sample-based or thematic review of customer files and supporting documentation.

Regulatory Enquiries

Support in organising and responding to regulatory information requests and enquiries.

Staff Training

Compliance and AML/CFT training tailored to the organisation's activities and responsibilities.

Management Reporting

Clear reporting designed to help management understand the organisation's regulatory and compliance position.

Regulatory Inspection Preparation

Preparation and readiness support before regulatory inspections or reviews.