CompliancePlus
| ISIN | 🆔 |
|---|---|
| Founded 📆 | |
| Founder 👔 | Josephine Chung |
| Headquarters 🏙️ | Wing On Centre, Hong Kong |
Area served 🗺️ | Asian-Pacific Region |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
CompliancePlus Consulting Limited is a Hong Kong compliance consulting company headquartered in Hong Kong, serving financial institutions, fund management companies, hedge fund managers, insurance companies, family offices, etc. in the Asia Pacific Region.[1]
History
Founded in 2009 by Josephine Chung, CompliancePlus began as a website and later moved to a brick-and-mortar office in Central, Hong Kong. Tony Chan, Josephine’s partner, joined the company in 2012 and played a significant role in overseeing operations and information security. The company expanded to multiple floors in its original building before relocating to its current location in Wing On Building, Sheung Wan, in August 2019.
The company remains a private company and currently has no plans to file for an initial public offering (IPO).
Organization
CompliancePlus provides a range of advisory services to clients based on their specific needs. These include licensing, ongoing support, and fintech advisory.
SFC Licensing
CompliancePlus assists financial institutions in identifying risks and compliance issues within their internal operations and adherence to various regulatory requirements. The company helps assess the qualifications of Responsible Officers (ROs) and reviews their CVs for submission to the Securities and Futures Commission (SFC). They also advise on corporate structures and business plans for license applications, and help clients prepare and submit applications to the SFC.
Ongoing Support
Ongoing support is provided to licensed firms to ensure they meet their licensing obligations throughout the year. CompliancePlus provides clients with access to an online client portal featuring training videos, compliance calendars, forms, policies, checklists, and other resources. The company also conducts quarterly compliance conference calls, annual mock regulatory visits with reports and recommendations to prepare clients for visits by regulatory bodies like the SFC.
Fintech Advisory
CompliancePlus offers fintech advisory services to clients. This includes assistance with SFC license registration for virtual asset trading platforms, advice on blockchain and cryptocurrency-related initiatives, and screening of names against sanctioned lists.
Other Services
CompliancePlus also provides Know Your Client (KYC) and Anti-Money Laundering (AML) services. Further services include assistance with other license applications, fund authorizations, offshore fund setups, visa applications, and more. The company also provides online Continuous Professional Training (CPT) and Continuous Professional Development (CPD) through Thinktific.
Awards and Honors
Asian Investor recognized CompliancePlus as “The Best Compliance Services Provider” in 2013 and 2017. In 2019, CIO Outlook named them one of the “Top 10 Regtech compliance/services companies”.[2]
Key Personnel
Director – Josephine Chung Josephine Chung is the founder and Director of CompliancePlus. She leads a research team analyzing the latest regulatory requirements for various financial institutions. Past projects include the Alternative Investment Management Association (AIMA) Best Practices and research on the latest compliance issues affecting hedge fund managers.
Josephine holds a Bachelor of Laws and Postgraduate Certificate in Laws from the University of Hong Kong, and a Master of Laws from the People's University of China in Beijing. She is fluent in Cantonese, English, and Mandarin. She began her career at Franklin Templeton Investments’ Legal Team in Asia in 2000, then moved to Citigroup Asset Management as Vice President of the legal counsel department in 2003, and subsequently led Prudential Asset Management Hong Kong as Head of Legal and Compliance from 2006–2009. [3]
Director - Tony Chan Tony Chan is a Director at CompliancePlus. He oversees daily consulting activities, operations, IT management, and marketing initiatives.
Tony holds a Master of Engineering, Economics, and Management from the University of Oxford. He is fluent in Cantonese, English, and Mandarin. His career began as a Business Analyst at McKinsey & Company in 1996, followed by co-founding House18.com in 1999. He then joined Chinacare Investments Holdings as a Deputy General Manager in 2003, and later IFIL Asia as an Assistant Vice President. Prior to CompliancePlus, Tony was a manager at OC&C Strategy Consultants.[4]
Headquarters
The Asia Pacific headquarters are located in Room 906, 9/F, Wing On Centre, 111 Connaught Road Central, Sheung Wan, Hong Kong.
Philanthropy
CompliancePlus partnered with Oriel College, Oxford, to promote cross-border exchanges in 2019. A travel grant was awarded to five students pursuing Doctor of Philosophy and Master of Science degrees in fields such as sociology, global health, and biology. These funds enable students to travel for research, academic conferences, and training opportunities.
In 2019, CompliancePlus presented awards to winners of the Clinical Legal Education Book Prize at The University of Hong Kong. Mr. Tony Chan presented the CompliancePlus Consulting Limited Prize for Pro-Bono Work in Clinical Legal Education to seven awardees.
CompliancePlus seeks to reduce financial barriers for students to expand their international horizons.
References
- ↑ CompliancePlus. "CompliancePlus". CompliancePlus. Retrieved 6 August 2020.
- ↑ CompliancePlus. "CompliancePlus Press Release" (PDF). CompliancePlus. Retrieved 6 August 2020.
- ↑ Josephine Chung. "Josephine Chung Linkedin Profile". Linkedin. Retrieved 6 August 2020.
- ↑ Tony Chan. "Tony Chan Linkedin Profile". Linkedin. Retrieved 6 August 2020.
CompliancePlus
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