Issue no. 704 (16 August 2018)
 
  Dear members/member practices,  
     
 
 
 
 
  Cross-border commercial crime and money laundering  

The Mainland Business Interest Group lunch seminar on 10 Sep will feature Jamie Ho-ning Wong, Acting Chief Inspector, Commercial Crime Bureau of the Hong Kong Police Force. She will share the latest insights on cross-border commercial crimes and anti-money laundering tips. She will also talk about why the corporate bank accounts and money service operators are the common conduits exploited by money laundering syndicates, the potential threat to trust or company service providers and issues arising from shell companies.

 

Specialist training on international tax
The international tax course, starting on 15 Sep, will equip you with international tax concepts needed to provide competent tax advice on cross-border transactions. The course is a compulsory component of the Institute's Professional Diplomas in China Tax and Hong Kong Tax. Join the demo lesson on 27 Aug to learn more about the course.

China tax updates from the Institute's meeting with the SAT
At the seminar on 3 Sep, members of the Institute's China Tax Subcommittee will explain the views of tax officials on key questions about cross-border and China tax issues, discussed at the June meeting with the State Administration of Taxation.

Reminders
Join the 2018 PAIB Conference on 8 Sep to gain insights on key challenges that professional accountants in business are facing and the opportunities ahead from the guest of honour, Financial Services Development Council Chairman Laurence Li, and other renowned speakers. Professional ethics in business, future of the finance function, as well as the development of the capital market will also be covered.

Don't forget the "From CPA to CPA Plus" programme in September, featuring four modules tailored for financial professionals to build a systematic business mindset, from financial investment theory to practical application.

Last call for the executive programme on independent non-executive director practices starting on 25 Aug to understand the roles and responsibilities of INEDs.

Don't miss the free MPF forum on 7 Sep to learn more about the latest developments in MPF policies, employee retirement expectations, how employers should evaluate MPF platforms, and the government's proposed tax deductions for voluntary contributions.


When AI meets Blockchain
Attend the seminar on 28 Aug to learn about recent uses and trends of the artificial intelligence and blockchain technologies. Organized by the International Chamber of Commerce - Hong Kong, Institute members are entitled to the discounted rates as ICC-HK members. Click here for more details.
 
Snooker training courses

Enrol in the 4-sesson beginner or intermediate snooker training course starting on 2 Sep to brush up your snooker skills or pick up a new hobby.


Singing technique classes

Sign up for the singing technique classes to improve your vocal skill for singing pop songs. Join a class that suits your level or the newly introduced stage performance technique class to build up your confidence on stage.


Reminders
Don't miss the Dance Fun Night on 15 Sep at 百樂會 in Tsim Sha Tsui to enjoy different types of Ballroom dance, Latin dance and Jazz Funk dance.

Sign up to the third mini bridge tournament on 1 Sep to gain more tournament experience.

 
Institute's comments

The Institute commented on the IASB Exposure Draft ED/2018/1 Accounting Policy Changes and the IESBA Consultation Paper Professional Skepticism – Meeting Public Expectations.


United Nations sanctions notices
Gazettal of Terrorists and Terrorist Associates under United Nations (Anti-terrorism Measures) Ordinance (Cap. 575) includes updating of specification of terrorists and terrorist associates designated by the United Nations Security Council (SC) Committees. The Notice (i) specifies the updated list of terrorists and terrorist associates designated by the SC 1988 Committee on 10 Apr and the SC 1267/1989/2253 Committee on 9 Aug; and (ii) revokes the previous 19 Jul Notice. There is also an amendment to one entry on the list of designations associated with ISIL (Da’esh) or Al-Qaida. For details, please refer to the press release issued by the United Nations SC Committees.

The list of relevant persons and entities under section 31 of the United Nations Sanctions (Democratic People's Republic of Korea) Regulation published on 9 Aug.

 
Recruitment of CPA marathon team

The Institute will nominate 12 members to compete in the Standard Chartered Marathon 2019 Corporate Challenge Cup with four runners in each of the 10 km, half marathon and full marathon race categories. All applicants are required to undergo a selection process based on the runners' recent times. Register now if you wish to represent the Institute.


Tennis training courses

Join the tennis training course beginning on 18 Sep and learn from a professional coach. Elementary and intermediate sessions are available.

 

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