Regulatory Alerts2020-09-29
Added · Updated
Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Surveillance Capability Enhancement Project
The Hong Kong Monetary Authority issued this circular on 29 September 2020 to outline the AML/CFT Surveillance Capability Enhancement Project for all authorized institutions. The initiative aims to strengthen supervisory capabilities in the age of digital innovation by leveraging fintech and regtech solutions. It references the accompanying enclosure on AML/CFT supervision and the SPM-SGL supervisory approach to guide institutions in adopting advanced surveillance methods.
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