Regulatory Alerts2026-05-27
Added · Updated
Guidance on Banking Services for Individuals with Higher Risk Profiles
The Hong Kong Monetary Authority issued this guidance to assist Authorized Institutions in managing banking services for individuals with higher risk profiles. The document outlines specific AML/CFT controls and conduct requirements to ensure appropriate account opening and maintenance practices. It aims to balance financial inclusion obligations with the need to mitigate money laundering and terrorist financing risks.