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Grace Chong

Grace Chong

Registered Foreign Lawyer (Singapore)

Hong Kong

Grace focuses on regulatory, investigatory and compliance matters in HK and Singapore.

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Experience

As a former Assistant Director at the Monetary Authority of Singapore, Grace has extensive experience on a wide range of regulatory, investigatory and compliance matters. During her five years at MAS, Grace was involved in a broad range of enforcement investigations into matters including insider trading, market manipulation, and manipulation of financial benchmarks.

Prior to joining HSF, Grace also held an in-house position in the Global Internal Investigations Group in the HK headquarters of a large international bank. There she was involved in a wide range of internal investigations in several Asia Pacific countries, which had a legal, financial or reputational impact across the group. In this role, she was involved in matters involving the Foreign Corrupt Practices Act, the UK Bribery Act, anti-money laundering laws, sanctions violations, and other financial crimes. 

Grace has particular expertise in handling cross-border internal investigations, including in relation to money laundering, insider dealing, systems and controls breaches, mis-selling, and licensing issues. Grace has also been involved with advising clients on the implications arising from the new Hong Kong Manager in Charge regime, derivatives regulations, licensing applications and complaints-handling. 

Grace is part of the Fintech and Cybersecurity team and is involved in counselling startups on regulatory, licensing and compliance issues. She is a member of the ASIFMA working group for Fintech and was involved in drafting a set of Best Practices for Effective Development of Fintech for the development of fintech in the financial services industry. 

Grace's experience includes:
 

  • advising a global financial institution in relation to its anti-money laundering policies and procedures across multiple jurisdictions in Asia, the Middle East and Europe
  • advising a commercial bank in relation to its investigation into foreign exchange trading practices at desks in Singapore and Hong Kong
  • advising several financial institutions in relation to investigations by the Hong Kong Securities & Futures Commission into their roles as IPO sponsors
  • advising a number of international and local financial institutions on the implementation of the new Hong Kong Manager in Charge regime
  • advising the Singapore branch of a global bank on potential legal issues in relation to proposed novations of derivatives contracts 

Background

Grace studied law in University College London, where she graduated with a First Class and was awarded the International Corporate Rescue Award for Excellence for the best dissertation in the area of financial and/or corporate law. She has passed Level I of the CFA Program.