Regulatory Alerts2022-10-06
Added · Updated
Joint Efforts against Fraud and Financial Crime
The Hong Kong Monetary Authority and the Hong Kong Association of Banks urge Authorized Institutions to support the launch of the Police Force's anti-fraud search engine, Scameter, to help the public detect risks before transactions. Authorized Institutions are required to review and update their anti-money laundering and counter-financing of terrorism systems in light of updated industry FAQs. The regulator also encourages the banking industry to participate in raising public awareness of scams through educational messages on its webpage.