Regulatory Alerts2018-05-02
Added · Updated
Hong Kong Money Laundering and Terrorist Financing Risk Assessment Report
The Hong Kong Monetary Authority issued this presentation to outline the findings of the April 2018 territory-wide Money Laundering and Terrorist Financing Risk Assessment Report. The document details the banking sector's exposure to threats such as fraud and corruption, while instructing Authorized Institutions to conduct independent Institutional Risk Assessments rather than simply replicating national results. It further emphasizes the regulator's commitment to a risk-based approach, enhanced public-private partnerships, and preparation for the upcoming Mutual Evaluation by the Asia/Pacific Group on Money Laundering.
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