Regulatory Alerts2021-01-21
Added · Updated
Circular on AML/CFT Regtech: Case Studies and Insights
The Hong Kong Monetary Authority issued this circular to share a report containing end-to-end case studies and insights on Anti-Money Laundering and Counter-Financing of Terrorism Regtech adoption. The document details success stories from Authorized Institutions across five themes, including data readiness, vendor relationships, and performance metrics, to help firms identify applicable adoption processes. The regulator emphasizes that building industry momentum in Regtech remains a key supervisory focus for 2021 and requires institutions to study the report to maintain effectiveness against evolving risks.
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