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Grace Chong

Grace Chong

Senior Associate

Grace advises on regulatory, investigatory and compliance matters in Hong Kong and Singapore.

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Experience

Grace advises exchanges, startups and established technology companies on regulatory, licensing and compliance issues in Asia. Based in Singapore, Grace assists clients with regulatory issues, stored value facilities, initial coin offerings, financial services licensing, and payments and remittance systems.

Grace has expertise in handling cross-border internal investigations, including anti-money laundering, insider dealing, systems and controls breaches, mis-selling, and licensing issues. Grace has also advised clients on the implications arising from MiFID II, the new Hong Kong Manager in Charge regime, derivatives regulations, licensing applications and complaints-handling.  

She is a member of the ASIFMA Fintech working group and was involved in drafting best practices for the effective development of Fintech in the financial services industry. She has also worked with ASIFMA to draft best practices for cryptocurrency exchanges in the region, and is a regular speaker at various fintech and crypto conferences in the region.

Prior to joining the firm, Grace worked in-house in the global internal investigations group of an international bank based in Hong Kong. This involved a wide range of internal investigations across Asia Pacific. She also worked as an assistant director in the capital markets department of the Monetary Authority of Singapore.

Grace's experience includes advising:

  • technology companies on the setup of cryptocurrency, commodities and or clearing exchanges in Asia
  • fintech startups on licensing and regulatory issues on setting up in various jurisdictions including Hong Kong and Singapore, including AML/CTF controls
  • a global investment bank on full-scale investigations and responses to initial and follow up enquiries by market regulators, including the SFC, HKMA and the Commercial Crime Bureau, including an investigation by the SFC into their role as a sponsor on the IPO of a failed public company
  • a global financial institution on its anti-money laundering policies and procedures across multiple jurisdictions in Asia, the Middle East and Europe
  • a commercial bank on its investigation into foreign exchange trading practices at desks in Singapore and Hong Kong
  • international and local financial institutions on the implementation of the new Hong Kong Manager in Charge regime
  • a 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.