Regulatory Alerts2019-04-12
Added · Updated
Introduction of Tiered Account Services
The Hong Kong Monetary Authority issued this Circular on 12 April 2019 to introduce tiered account services for authorized institutions. The document outlines the framework for these services to enhance financial inclusion while maintaining robust anti-money laundering and counter-financing of terrorism controls. It directs all authorized institutions to implement these measures in compliance with relevant regulatory guidelines.
CIR
Current
Issue Date:
12 Apr 2019
20190412-1-EN.pdf (74.5 KB)
Topic:
AML & CFT - AML/CFT Controls
Banking Conduct & Enforcement - Account Opening/Maintenance
Banking Conduct & Enforcement - Financial Inclusion
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
SPM-SGL
Current
25 May 2023
AML-2 Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Authorized Institutions)
Directly related Document
SPM-SGL
Current
25 May 2023
AML-2 Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Authorized Institutions)
Version History
Superseded Document
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