Regulatory Alerts2015-03-31
Added · Updated
Guidance Paper on Anti-Money Laundering Controls Over Tax Evasion
The Hong Kong Monetary Authority issued this guidance paper to assist authorized institutions in implementing effective anti-money laundering controls regarding tax evasion. It outlines the regulatory expectations for financial institutions to identify, assess, and mitigate risks associated with tax-related money laundering activities. The document serves as a framework for maintaining compliance with local and international standards to prevent the financial system from being used for illicit tax purposes.
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