Regulatory Alerts2026-05-27
Added · Updated
Guidance on Banking Services for Individuals with Higher Risk Profiles
The Hong Kong Monetary Authority issues this guidance to direct Authorized Institutions on managing risks associated with higher-risk individuals while ensuring financial inclusion. Institutions must apply proportionate safeguards, such as transaction limits and source restrictions, to facilitate access to basic banking services before considering relationship termination. Providers are required to establish review mechanisms for risk profile updates and clearly communicate service terms and transition pathways to customers.