Regulatory Alerts2018-04-27
Added · Updated
Amendments to Guideline on Exercising Power to Impose Pecuniary Penalty under s 23(1) of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
The Hong Kong Monetary Authority issued this guideline to amend the framework for exercising the power to impose pecuniary penalties under section 23(1) of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. The document provides updated guidance for all authorized institutions regarding the enforcement and disciplinary measures applicable to anti-money laundering and counter-terrorist financing violations. It establishes the specific procedures and criteria for determining penalty amounts to ensure regulatory compliance and deterrence.
GLI
Current
Guideline Number: 17.1
Issue Date:
27 Apr 2018
20180427-2-EN.pdf (170.1 KB)
Topic:
AML & CFT - Others
Banking Conduct & Enforcement - Enforcement/Discipline
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
27 Apr 2018
Amendments to Guideline on Exercising Power to Impose Pecuniary Penalty under s 23(1) of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
CIR
Current
27 Apr 2018
Amendments to Guideline on Exercising Power to Impose Pecuniary Penalty under s 23(1) of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
Cross referenced Document
Version History
Superseded Document
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