Regulatory Alerts2016-09-08
Added · Updated
De-risking and Financial Inclusion
The Hong Kong Monetary Authority issued this circular to address the tension between anti-money laundering controls and financial inclusion. It provides guidance to Authorized Institutions on maintaining banking services for all customers while complying with regulatory requirements. The document emphasizes the need to avoid indiscriminate de-risking practices that exclude vulnerable groups from the financial system.
CIR
Current
Issue Date:
08 Sep 2016
20160908-1-EN.pdf (142.2 KB)
Topic:
AML & CFT - AML/CFT Controls
Banking Conduct & Enforcement - Account Opening/Maintenance
Banking Conduct & Enforcement - Financial Inclusion
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Directly related Document
Cross referenced Document
Version History
Superseded Document
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