Regulatory Alerts2025-12-12
Added · Updated
Guidance on combating high-end money laundering
The Hong Kong Monetary Authority issued this guidance to address evolving money laundering typologies involving sophisticated methods used by criminal syndicates to circumvent financial controls. A thematic review identified specific areas for enhancement in Authorized Institutions' anti-money laundering frameworks, including improved risk assessment, consistent customer due diligence, and rigorous verification of source of wealth and funds. The regulator requires institutions to optimize transaction monitoring, enhance information sharing among banking affiliates, and ensure staff possess adequate risk awareness to mitigate these high-end threats.
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