Regulatory Alerts2024-02-07
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 7 February 2024 to outline the Anti-Money Laundering and Counter-Financing of Terrorism Surveillance Capability Enhancement Project. The document directs all Authorized Institutions to strengthen their AML/CFT surveillance capabilities in response to evolving financial crime risks. It serves as a regulatory update to ensure institutions maintain robust controls and effective monitoring systems.
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