Regulatory Alerts2018-04-12
Added · Updated
Feedback from Recent Thematic Review of AIs’ Sanctions Screening Systems
The Hong Kong Monetary Authority issued this circular to provide feedback on a thematic review of Authorized Institutions' sanctions screening systems. The document outlines key findings and expectations regarding the effectiveness of controls implemented by financial institutions to comply with financial sanctions. It serves as a directive for AIs to enhance their screening mechanisms and ensure robust adherence to anti-money laundering and counter-terrorist financing regulations.