Regulatory Alerts2016-12-13
Added · Updated
Enhanced Competency Framework on Anti-Money Laundering and Counter-Terrorist Financing
The Hong Kong Monetary Authority issued this circular on 13 December 2016 to establish an enhanced competency framework for anti-money laundering and counter-terrorist financing. The document mandates that all authorized institutions implement specific competency standards to ensure their staff possess the necessary skills and knowledge to effectively manage financial crime risks. This regulatory update aims to strengthen the overall resilience of the financial sector against money laundering and terrorist financing activities.
CIR
Current
Issue Date:
13 Dec 2016
20161213-2-EN.pdf (1.2 MB)
Topic:
AML & CFT - Others
Capacity Building - Enhanced competency framework
Keyword:
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
13 Dec 2016
Enhanced Competency Framework on Anti-Money Laundering and Counter-Terrorist Financing
CIR
Current
13 Dec 2016
Enhanced Competency Framework on Anti-Money Laundering and Counter-Terrorist Financing
Cross referenced Document
Version History
Superseded Document
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