Regulatory Alerts2016-02-19
Added · Updated
Basel Committee on Banking Supervision Revised the General Guide to Account Opening
The Basel Committee on Banking Supervision issued a revised General Guide to Account Opening to align with enhanced Financial Action Task Force Recommendations. The Hong Kong Monetary Authority is currently reviewing local anti-money laundering and counter-terrorist financing requirements to implement these revised international standards. Authorized institutions are encouraged to assess the implications of the revised guide for enhancing their own control processes in the interim.