Regulatory Alerts2017-10-11
Added · Updated
Guideline on Anti-Money Laundering and Counter-Terrorist Financing – Address Verification Requirements
The Hong Kong Monetary Authority issued this circular to amend the AML-2 Guideline regarding address verification requirements for authorized institutions. The document specifies updated standards for verifying customer addresses to enhance anti-money laundering and counter-terrorist financing controls. These changes aim to strengthen the regulatory framework for financial institutions operating in Hong Kong.