Regulatory Alerts2025-11-07
Added · Updated
Guideline on AI-to-AI Information Sharing for the Detection or Prevention of Crime
The Hong Kong Monetary Authority issues this guideline to establish the statutory framework and regulatory expectations for authorized institutions to voluntarily share information for detecting or preventing money laundering, terrorist financing, and weapons proliferation. It mandates that institutions implement adequate systems of control and utilize designated platforms like FINEST and ICLNet, while providing a safe harbour from liability for disclosures made in good faith. The document further details procedures for off-platform sharing, confidentiality, record-keeping, and the interaction with the Personal Data (Privacy) Ordinance to ensure compliance with legal obligations.