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28 September 2020Business operators must not offer bribe to bank staff for opening account Due to the stepping up of international efforts in combating illegal activities including money laundering, terrorist financing and tax evasion in recent years, banks have to take enhanced control measures including a more stringent customer due diligence process to mitigate the potential risks for new customers. As a result, the account opening process is more complex and requires longer time. Although opening a bank account is essential to business operations, business operators must not offer advantages (including money or gifts) to bank staff for the latter's approving or expediting the account opening application, otherwise both the business operator and the bank staff may violate the Prevention of Bribery Ordinance (POBO) enforced by the ICAC for offering or accepting a bribe respectively. The maximum penalty is a fine of $500,000 and seven years' imprisonment. Hong Kong Business Ethics Development Centre (HKBEDC), under Community Relations Department of the ICAC, strives to help banks and financial institutions guard against corruption and foster an ethical culture. Click here to visit HKBEDC website for more information about anti-bribery laws and HKBEDC's services. If you suspect corruption, please call the ICAC 24-hour Report Hotline at (852) 25 266 366.

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Resources, Integrity Sharing, Others

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15 September 2020The 40th Issue of "ICAC Post" Released The highlights of this issue include: continuation of anti-corruption initiatives on various online platforms under the COVID-19 pandemic; the launch of the "Reading for Integrity" moral education programme to pass on positive values to the young generations; ICAC's former Director of Corruption Prevention taking on new international role; more global recognitions on Hong Kong's anti-corruption efforts; and ICAC Annual Report 2019. Please click here for the 40th issue of the ICAC Post.

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Events, Integrity Sharing, Others

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15 July 2020Latest "ICAC Post”: Together we safeguard a clean and stable society The COVID-19 pandemic has dealt a heavy blow to the global economy as well as people's livelihood. While the virus has posed a significant challenge to Hong Kong, the ICAC has remained relentless during the pandemic in battling corruption. The latest "ICAC Post" summarises the corruption situation of Hong Kong in the first half of 2020, and ICAC's efforts in law enforcement, prevention and education during the pandemic. It also reports Hong Kong's latest international ranking in the "World Competitiveness Yearbook 2020" and the establishment of the Hong Kong national security law. Please click here to view the ICAC Post.

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HKIB Conference

10 July 2020The Hong Kong Institute of Bankers (HKIB) Annual Banking Conference 2020 The Hong Kong Business Ethics Development Centre continues to serve as a supporting organisation for the HKIB Annual Banking Conference this year and encourages banking executives and related professionals to join the event. The theme of this year's event is "Innovation and Transformation: A Brave New World of Banking". It will focus on how digital transformation, innovation and the addition of virtual banks into Hong Kong's banking system have revolutionised the industry by opening the doors to better user experience, product innovation, cost and operational efficiency and delivery channels. Details of the event as below: Date: 28 September 2020 (Monday) Time: 9:00 am to 5:15 pm Venue: N101, Hong Kong Convention and Exhibition Centre HKIB CPD / SFC CPT: Morning: 3.5 hours Afternoon: 3 hours Registration: Click here Please visit the event website for details and early bird rate is available for enrolment by 31 July 2020. For enquiries, please call HKIB at 2153 7800 or email to bankingconference@hkib.org.

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Events, Joint Collaboration, Others

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05 May 2020HKBEDC celebrates 25 years of business ethics promotion! The month of May marks the Silver Jubilee of the Hong Kong Business Ethics Development Centre (HKBEDC). Reaching this important milestone, HKBEDC further enhances its effort in promoting business and professional ethics through the following new initiatives: Newly revamped HKBEDC website - With a fresh new look, enhanced functionality and enriched content, the latest anti-corruption resources and the Centre's updates are now at your fingertips! Visit us at https://hkbedc.icac.hk now! The new LinkedIn page – HKBEDC just set foot in the LinkedIn to expand our connection with the business community. Follow us now to get our latest news. The new service hotline – Our new service hotline 2826-3288 is now in operation, providing you the same professional service with a more easy-to-remember telephone number! Connect with us and stay tuned for more news and upcoming activities from the HKBEDC!

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Events, Integrity Sharing, Others

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