Regulatory Alerts2021-11-18
Added · Updated
Handling of dormant accounts and unclaimed deposits
The Hong Kong Monetary Authority issued this circular to regulate the handling of dormant accounts and unclaimed deposits by all authorized institutions. The document establishes specific operational requirements and procedures for managing these accounts to ensure proper stewardship of customer funds. It serves as a binding guideline for banking conduct and enforcement regarding account maintenance and closure processes.
CIR
Current
Issue Date:
18 Nov 2021
20211118-1-EN.pdf (198.5 KB)
Topic:
Banking Conduct & Enforcement - Account Opening/Maintenance
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Directly related Document
Cross referenced Document
Version History
Superseded Document
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