Regulatory Alerts2020-09-29
Added · Updated
HKMA AML/CFT Surveillance Capability Enhancement Project
The Hong Kong Monetary Authority (HKMA) is implementing the AML/CFT Surveillance Capability Enhancement Project to strengthen its risk-based supervision through increased use of data and Supervisory Technology. This initiative requires authorized institutions to adapt to more proactive and agile supervisory practices by enhancing engagement, data collection, and forward-looking risk assessments. Institutions are encouraged to review the implications for their ML/TF risk management systems and consider adopting Regulatory Technology solutions to align with the HKMA's evolving supervisory approach.
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