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 controls during the coronavirus pandemic. It requires institutions to apply specific AML/CFT measures in response to the challenges posed by COVID-19, as detailed in the accompanying annex. The guidance addresses regulatory expectations for financial institutions to maintain robust compliance frameworks while adapting to operational disruptions caused by the health crisis.
CIR
Current
Issue Date:
30 Jul 2020
20200730-1-EN.pdf (248.4 KB)
Topic:
AML & CFT - AML/CFT Controls
Fintech - Regtech
Miscellaneous - Covid-19 challenges
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
30 Jul 2020
Annex - AML/CFT control Measures Applied by AIs in Response to Coronavirus Disease (COVID-19)
Annex
Current
30 Jul 2020
Annex - AML/CFT control Measures Applied by AIs in Response to Coronavirus Disease (COVID-19)
Cross referenced Document
Version History
Superseded Document
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