About the authors
Written by Mathilde Chator · Solicitor at Slotine. Mathilde advises on UBO disclosure, corporate transparency, and Significant Controllers Register compliance.
Reviewed by Maeva Slotine · Founder and Solicitor at Slotine. Maeva oversees the firm’s corporate governance and compliance practice.
This guide outlines Hong Kong’s robust legal framework in relation to ultimate beneficial owners (UBOs) disclosure, aligning with international corporate transparency standards from the Financial Action Task Force to combat financial crime.
The framework centres on the requirement for Hong Kong companies to maintain a significant controllers register (SCR).
Our guide equips you with the knowledge to navigate essential requirements, from criteria to qualify as a UBO, to identification, disclosure and record-keeping obligations, and consequences for non-compliance. Practitioners typically encounter the SCR in the context of a due diligence on Hong Kong M&A targets.