As you might know, international efforts in combating money laundering, terrorist financing, and tax evasion have stepped up significantly over the years, coupled with various sanctions regimes, banks have to enhance their anti-money laundering and counter-terrorist financing (AML/CFT) controls procedures, including a more stringent customer due diligence process for new and existing customers. Hong Kong, being one of the important financial centers in the world and with support from China, is a favorable place for making investment and setting up bank accounts for international investors.
For bank account opening applications, other than providing the statutory documents, the bank will also need to arrange an on-site face-to-face interview with the directors to get an initial understanding of the corporate operation and to assess risks over the business. Over a decade, we have established direct and good relationships with various banks and provide professional corporate bank account opening service to our clients in Hong Kong. We shall fully review each account opening case, provide professional recommendations to our network banks, give the required certification documents and accompany directors to the bank for bank account opening interviews.