Regulatory Alerts2018-04-12
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Feedback from Recent Thematic Review of AIs’ Sanctions Screening Systems
The Hong Kong Monetary Authority issued this circular to provide feedback following a thematic review of Authorized Institutions' sanctions screening systems. The document outlines key findings and expectations regarding the adequacy of controls, governance frameworks, and operational effectiveness within these systems. It serves as a directive for AIs to strengthen their compliance measures and address identified deficiencies in their anti-money laundering and counter-financing of terrorism regimes.
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