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 strengthening anti-money laundering controls specifically targeting tax evasion. The document outlines practices designed to help institutions meet their legal obligations under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance while mitigating associated money laundering risks. Authorized institutions are expected to fully consider adopting these measures based on their specific risk profiles regarding tax evasion activities.
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