Regulatory Alerts2020-07-30
Added · Updated
Coronavirus Disease (COVID-19) and Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) Measures – An Update
The Hong Kong Monetary Authority issued this circular to update Authorized Institutions on Anti-Money Laundering and Counter-Financing of Terrorism measures in response to the Coronavirus Disease (COVID-19) pandemic. It requires financial institutions to apply specific AML/CFT control measures to address the unique risks and operational challenges posed by the health crisis. The document serves as an annex detailing the practical controls that Authorized Institutions must implement to maintain regulatory compliance during the outbreak.
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