Regulatory Alerts2023-03-07
Added · Updated
Balanced and effective AML/CFT measures in private banking
The Hong Kong Monetary Authority issued this circular to provide guidance on implementing balanced and effective anti-money laundering and counter-financing of terrorism controls within private banking. The document outlines specific measures and operational frameworks designed to ensure robust compliance while maintaining efficient business practices for authorized institutions. It serves as a directive for financial entities to align their risk management strategies with regulatory expectations in the private banking sector.
CIR
Current
Issue Date:
07 Mar 2023
20230307-2-EN.pdf (855.2 KB)
Topic:
AML & CFT - AML/CFT Controls
Wealth Management & MPF - Others
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
07 Mar 2023
Balanced and effective AML/CFT measures in private banking
CIR
Current
07 Mar 2023
Balanced and effective AML/CFT measures in private banking
Cross referenced Document
Version History
Superseded Document
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