With effect from 1 March 2018, Hong Kong has implemented the New Licensing Regime for Trust or Company Service Providers. In order to meet the international requirements of the Financial Action Task Force, the Anti-Money Laundering and Terrorist Financing Ordinance (Cap. 615) of the Laws of Hong Kong has been specially introduced into the new licensing regime. At the same time, the Hong Kong Companies (Amendment) Ordinance 2018 requires Hong Kong companies to maintain a Significant Controller Register to enhance the transparency of beneficial ownership of companies.