Governance and Compliance

Boards overseeing entities involved in TCSP activities must prioritize compliance to avoid regulatory penalties and reputational risks. This article outlines key responsibilities, including client due diligence, risk management, staff training, and reporting obligations, along with practical steps to strengthen compliance frameworks and ensure long-term organisational integrity.

Effective governance is essential for companies in Hong Kong to navigate complex regulatory requirements and minimize risks. By implementing strong internal controls, clear policies, and partnering with a licensed TCSP, businesses can enhance compliance, avoid penalties, and strengthen their operational resilience.