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.

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.

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.


Quick links:
A Plus Facebook
Technical resources LinkedIn
SMP and SME resource centre At-a-glance calendar
CPD learning resource centre Change personal information
Hong Kong CPA Practice Directory Visit our website
HKICPA Source Email us
See past e-circulars  

For general enquiry regarding content of this circular, please call 2287-7228.


If you require any technical assistance on this transmission, please contact IT support team at 2287-7800 or

Your personal data collected from the enrolment process and administration of courses will be used for the purpose of the administration of the course on which you are enrolled. Such data collected may be accessible by the Institute's officers, persons or committees processing the application and related matters. In addition, the Institute may use the collected data for statistical research and analysis and, if applicable, for validation of CPD hours. The Institute intends to use the personal data of your name, email address and correspondence address to inform you, where relevant, of CPD activities, members' benefits, goods, services, facilities and events organized or provided by the Institute or other organizations. Members and registered students may opt out of receiving such materials at any time by logging in here. Non-members may opt out of receiving such materials at any time by sending an email to the Institute at or a letter to the Institute's privacy officer. For more information about the privacy policy of the Institute, please click here.

Some sections contain information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy of the content and the content does not necessarily represent the views of the Institute.

This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.