Regulatory Alerts2026-05-27
Added · Updated
Guidance on Banking Services for Individuals with Higher Risk Profiles
The Hong Kong Monetary Authority issued this circular on 27 May 2026 to provide guidance to all Authorized Institutions on managing banking services for individuals with higher risk profiles. The document outlines specific Anti-Money Laundering and Counter-Financing of Terrorism controls required for account opening and maintenance in this context. It reinforces banking conduct standards to ensure financial inclusion while mitigating risks associated with higher-risk customer segments.