Regulatory Alerts2018-04-12
Added · Updated
Feedback from Recent Thematic Review of AIs’ Sanctions Screening Systems
The Hong Kong Monetary Authority issued this feedback to guide Authorized Institutions in implementing effective, risk-based sanctions screening systems compliant with local regulatory obligations. The document outlines key expectations for senior management to justify system configurations, ensure rigorous testing of new or upgraded systems, and conduct frequent ongoing monitoring and tuning. It further requires institutions to maintain staff expertise, document system filter logic, and actively optimize filters to reduce false positives without compromising screening effectiveness.
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