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.
CIR
Current
Issue Date:
12 Apr 2018
20180412-1-EN.pdf (95.5 KB)
Topic:
AML & CFT - AML/CFT Controls
AML & CFT - Financial Sanctions
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
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12 Apr 2018
Annex - Feedback from Thematic Reviews of AIs’ Sanctions Screening Systems
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08 Mar 2018
FATF Guidance on Counter Proliferation Financing
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31 Jan 2018
Anti-Money Laundering/Counter-Terrorist Financing: United Nations Sanctions
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Annex - Feedback from Thematic Reviews of AIs’ Sanctions Screening Systems
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FATF Guidance on Counter Proliferation Financing
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Anti-Money Laundering/Counter-Terrorist Financing: United Nations Sanctions
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Superseded Document
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