Regulatory Alerts2020-12-31
Added · Updated
Coronavirus Disease (COVID-19) and Money Laundering and Terrorist Financing (ML/TF) risks – 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 pandemic. The document outlines specific AML/CFT control measures that institutions must apply to manage risks associated with the crisis. It serves as a regulatory directive ensuring compliance with financial crime prevention standards during the ongoing public health emergency.
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