Special Offer for Members of the Law Society of Hong Kong

In collaboration with the Member Benefit Committee of the Law Society of Hong Kong, members of the Law Society of Hong Kong can now enjoy exclusive privileges when signing up to KYC Management. 

This offer is available exclusively to members of the Law Society of Hong Kong, and is valid until 31 December 2026.

AML Compliance for Hong Kong Law Firms

Law firms in Hong Kong are subject to strict anti-money laundering and counter-terrorist financing ("AML/CFT") obligations, including requirements to conduct client due diligence ("CDD"), sanctions and PEP screening, and ongoing monitoring of clients and transactions.

The Law Society of Hong Kong has recently strengthened its AML/CTF supervisory framework, including the launch of the AML/CTF Compliance Self-Assessment Form for law firms as part of its regulatory oversight responsibilities.

As regulatory scrutiny continues to increase, many law firms are reviewing whether their AML compliance procedures, client due diligence workflows, and AML documentation would be organised and inspection-ready if requested by the regulator during a compliance review or onsite inspection.

Common AML Compliance Challenges for Hong Kong Law Firms

Many law firms still manage their AML compliance and client onboarding processes using a combination of emails, spreadsheets and manual screening searches.

This often creates operational challenges such as:

• collecting CDD documents through multiple email exchanges;
• manually conducting sanctions screening, politically exposed person ("PEP") checks and adverse media searches;
• maintaining fragmented AML compliance records across folders, emails and internal systems; and
• generating structured AML reports for regulatory inspections or compliance reviews.

As client volumes grow and regulatory expectations increase, these manual processes can become time-consuming, inefficient and difficult to manage consistently.

How does KYC Management help law firms?

Tailored for legal professionals in Hong Kong, KYC Management is an all-in-one AML compliance platform that enables law firms to complete the entire AML/CFT process in minutes, not hours. From customer due diligence and risk assessments to screening and ongoing monitoring, KYC Management simplifies the often complex and labour-intensive AML/CFT process by transforming it into a seamless and automated workflow.

AML Compliance Software Built for Hong Kong Law Firms

• Seamless Digital Client Onboarding and Document Collection: Your clients can securely login to our CDD Portal to upload required documents, eliminating the need for lengthy email exchanges and enabling a faster, more efficient document collection process.
• Comprehensive Datasets for AML Checks: Screen individuals and businesses against sanctions, PEP, financial regulatory, law enforcement, and adverse media lists covering real-time data from 230+ jurisdictions and 43,000 global sources.
• Inspection-Ready Reports and Document Management System: Effortlessly generate client due diligence, screening, and risk assessment reports for any client. Seamlessly integrated with our CDD Portal, our document management system provides a structured and centralised hub for all AML documentations, making follow-ups and ongoing management faster and easier.
• Assisted Risk Assessment and Risk Scoring - A comprehensive framework for assessing money laundering and terrorist financing risks with recommended risk ratings and required level of due diligence based on the regulatory requirements set out in the Practice Direction P.
• Ongoing Monitoring - Minimise your risk exposure and keep your team up-to-date with any new developments of your clients and their associates. Screened Profiles can be added to your Watchlist and monitored on a daily basis. New updates are immediately consolidated on KYC Management and emailed to you, ensuring you always have the most updated information.
• Enterprise-grade security and data protection - KYC Management is certified as compliant with ISO/IEC ISO27001:2022, the premier global information security management system (ISMS) standard. This certification demonstrates our commitment to safeguarding sensitive information and ensuring that law firm data is protected in accordance with internationally recognised security standards.

How does the special offer work?

1. Start with a 30-Day Free Trial

Members of the Law Society of Hong Kong will receive:

• HKD 500 in screening & monitoring credits
• 30-day unrestricted access to all KYC Management features, including:
  • Case / Matter Management System
  • Client-facing CDD Portal with built-in Law Society client due diligence templates
  • Automated Document Review Workflows
  • Assisted Risk Assessment and Risk Scoring, integrated with the Law Society’s prescribed risk assessment templates and methodology
  • Document Management System
  • AML Screenings and Ongoing Monitoring against sanctions, PEP, financial regulatory, law enforcement, and adverse media lists 
  • Automatic Regulatory Reminders

2. Unlock Additional Member Benefits When You Subscribe

Members of the Law Society of Hong Kong are entitled to additional benefits when they subscribe, including:

• 30% off the Starter, Professional, and Enterprise plans.
• HKD 1,800 in screening & monitoring credits
• Complimentary AWS File Storage System Setup Solution (valued at HKD 5,000)

In the event of any dispute arising in connection with the above special offers made available to members of the Law Society of Hong Kong, KYC Management reserves the right to make the final interpretation and decision, and any such decision shall be conclusive and binding on all parties.