Regulatory Alerts2010-02-08
Added · Updated
Guidance Paper on Cover Payment Messages Related to Cross-border Wire Transfers
The Hong Kong Monetary Authority issued this guidance to ensure Authorized Institutions comply with international standards for cover payment messages in cross-border wire transfers. The document outlines specific requirements for the accuracy and completeness of information included in these messages to support anti-money laundering and counter-financing of terrorism controls. It serves as a direct reference for institutions managing cross-border transactions under the broader AML/CFT regulatory framework.