Regulatory Alerts2026-05-22
Added · Updated
HKMA Circular on Expected Controls for Account Opening and Client Relationships with Investment Accounts
The Hong Kong Monetary Authority issued this circular to require registered institutions to implement strict controls for opening and maintaining investment accounts, particularly for Chinese Mainland investors. Institutions must conduct internal reviews to detect and close accounts opened with questionable or forged documents, deactivate dormant zero-balance accounts, and enforce additional verification measures such as investor declarations. The regulator also mandates compliance with cross-border investment rules and anti-money laundering standards, warning that breaches of foreign jurisdiction laws may trigger supervisory or enforcement actions.
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