Regulatory Alerts2018-03-22
Added · Updated
Enhanced Competency Framework on Anti-Money Laundering and Counter-Financing of Terrorism
The Hong Kong Monetary Authority issued this circular to establish an enhanced competency framework for anti-money laundering and counter-financing of terrorism. It requires all authorized institutions to ensure their personnel possess the necessary skills and knowledge to effectively identify and mitigate financial crime risks. The document serves as a directive for capacity building and ethical behavior within the banking sector.
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