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 circular to amend the Guideline on Exercising Power to Impose Pecuniary Penalty under section 23(1) of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. The updated guideline applies to all Authorized Institutions and provides the regulatory framework for imposing financial penalties for breaches of anti-money laundering and counter-terrorist financing requirements. This revision ensures that enforcement actions remain consistent with current legal standards and regulatory expectations for financial institutions.
CIR
Current
Issue Date:
27 Apr 2018
20180427-1-EN.pdf (90.4 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Superseded Document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
Annex
Current
27 Apr 2018
Annex - Guideline on Exercising Power to Impose Pecuniary Penalty
Annex
Current
27 Apr 2018
Annex - Guideline on Exercising Power to Impose Pecuniary Penalty
Cross referenced Document
Version History
Superseded Document
You may also be interested in
CIR
Archive
17 Feb 2012
United Nations (Anti-Terrorism Measures) (Amendment) Bill 2012
GLI
Archive
06 Oct 1995
Drug Trafficking (Recovery of Proceeds)(Amendment) Ordinance 1995 and Organized and Serious Crimes (Amendment) Ordinance 1995
GLI
Archive
06 Oct 1995
Drug Trafficking (Recovery of Proceeds)(Amendment) Ordinance 1995 and Organized and Serious Crimes (Amendment) Ordinance 1995
Annex 1: Extract of Drug Trafficking (Recovery of Proceeds)(Amendment) Ordinance 1995